Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    951 Gowen Rd Boise, ID 83716

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    900,981 SF Class A Industrial Building

    Lot size:
    900,981 SF

    Property Features for 951 Gowen Rd

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    900,981 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 951 Gowen Rd, Boise, ID 83716 Contact us

    We can help!

    Listing Contact
    Jake Miller, Sior
    Jake Miller, Sior

    Listing Agency: CBRE - Boise Listing Agent: Jake Miller, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 900,981-square-foot Class A industrial building in Boise, Idaho's Airport submarket is now available. Completed in 2024, this single-story structure sits on 93.72 acres and offers immediate occupancy. The building features a 40-foot ceiling height, 172 dock-high doors, and four drive-in doors, making it ideal for various industrial uses, including manufacturing, warehousing, distribution, and R&D. Ample parking is provided with 795 spaces. The property boasts 4000 Amps of power (40/277v) and is zoned M-2D, allowing for a wide range of industrial activities. Located at 951 E Gowen Rd, Boise, ID 83716, this strategically located facility offers excellent interstate access and is situated within the Gateway East Urban Renewal District. The building is designed as a cross-dock facility, enhancing operational efficiency. While currently offered as a single tenant space, divisibility options may be available
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Auto Repair Shop Hotel & Motel Auto Parts Store Big Box & Wholesale Store Gym & Fitness Center Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.171626
    Latitude
    43.536554

    Nearby Similar for Lease

    • Contact for pricing
      24,390 SF

      Prime Retail Space Available

      High-visibility retail space with drive-thru and flexible leasing options.
      1515 W State St, Boise, ID 83702
      View Details
    • Contact for pricing
      1,040 SF

      Downtown Boise Retail Space

      Former Tropical Smoothie Café space in the heart of Grove Plaza.
      777-801 W Main St, Boise, ID 83702
      View Details
    • Contact for pricing
      8,822 SF

      Downtown Boise Retail Opportunity

      Retail space available in the luxurious Arthur building.
      120 N 12Th St, Boise, ID 83702
      View Details
    • $22 SF/Yr
      65,212 SF

      Boise Office Building for Lease

      65,212 SF office building in central Boise location.
      456 N Kimball Pl, Boise, ID 83704
      View Details
    • $15 SF/Yr
      196,383 SF

      Class A Office Space

      Class A office space with panoramic views in downtown Boise.
      950 W Bannock St, Boise, ID 83702
      View Details
    • $16 SF/Yr
      8,594 SF

      Remodeled Bar & Grill Space

      High-visibility bar and grill with Franklin Rd frontage.
      5500 W Franklin Rd, Boise, ID 83705
      View Details
    • Contact for pricing
      3,900 SF

      Hill Road Commercial Building Opportunity

      Commercial building with expansion potential in desirable Boise location.
      4304 Hill Road Pkwy, Boise, ID 83703
      View Details
    • $1.15 SF/Yr

      South Cole Road Office Sublease

      791 SF office suite available for sublease through January 2028.
      134 South Cole Rd, Boise, ID 83709
      View Details
    • $0.65 SF/Yr
      165,000 SF

      Prime Industrial Warehouse Space

      Industrial/warehouse space with convenient access to transportation routes and amenities.
      651 E Gowen Rd, Boise, ID 83716
      View Details
    • $1,503 /Mo
      10,944 SF

      Affordable Boise Office Space Available

      Convenient office space with ample parking near I-84.
      921 South Orchard St, Boise, ID 83705
      View Details
    • $25 SF/Yr
      26,043 SF

      Retail Space on State Street

      High-visibility retail space available for lease on State Street.
      6464 W State St, Boise, ID 83714
      View Details
    • Contact for pricing
      1,602 SF

      Class A Office Space

      Available Class A office space in central Boise location.
      9196 W Emerald St, Boise, ID 83704
      View Details

    FAQs

    What type of property is this?
    Life science property - 900,981 SF Class A Industrial Building
    Where is this life science property located?
    The property is located at 951 Gowen Rd Boise, ID.
    What are key features of this property?
    This property features: Newly Constructed, Ready for Occupancy; Property website: https://red-river-logistics-center-2f18.brandcast.io/; 900,981 SF Building (Divisible)
    Request Owner's contact information
    951 Gowen Rd Boise, ID 83716
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    951 Gowen Rd
    Boise, ID 83716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    951 Gowen Rd Boise, ID 83716
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jake Miller, Sior
    Jake Miller, Sior
    Real Estate License ID: SP41961
    Learn more
    Google sign-in failed. Please try again or use another login method.