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    304 Americana Blvd Boise, ID 83702

    Sponsored
    For Sale
    $8,250,000

    61,969 SF, Mixed-Use, High NOI

    Property size:
    61,969 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 61,969 square foot industrial property, located at 304 Americana Boulevard in Boise, Idaho, presents a unique investment opportunity. The property consists of two buildings on a 1.73-acre lot, currently 100% occupied with three tenants generating a first-year net operating income (NOI) of $517,200. The property features a mix of commercial, flex, warehouse, and refrigerated/cold storage space, making it suitable for a variety of uses. Its prime location directly off the I-184 connector provides exceptional visibility and easy access to downtown Boise, Boise State University, and the rapidly developing West End. The property benefits from an active artesian well. Zoned Mx-5dd (Mixed-Use Downtown Design & Development), this asset offers significant potential for future development, including office, commercial, institutional, or residential uses within Boise's River Myrtle-Old Boise Redevelopment District. Existing leases provide income during any potential redevelopment period, with a 6-month termination clause. The seller will lease back a portion of the space until mid-2026. The Ada County property features APN R7399350437 and is offered at $8,250,000 with a triple net (NNN) lease structure. This is a rare chance to acquire a significant commercial real estate asset in a thriving Boise location.

    Property Features for 304 Americana Blvd

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    61,969 SF
    Lot Size
    75,359 SF

    Building Details

    Buildings
    2

    HighLights

    • 100% occupied by three tenants, generating a first‑year NOI of $517,200.
    • Active artesian well on‑site.
    • Exceptional I‑184 visibility and convenient access to downtown Boise, Boise State University, and the West End.
    • Prime location offers significant redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Americana Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Law Firm Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2148873
    Latitude
    43.6182018

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 61,969 SF, Mixed-Use, High NOI
    Where is this refrigerated / cold storage located?
    The property is located at 304 Americana Blvd Boise, ID.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: 100% occupied by three tenants, generating a first-year NOI of $517,200.; Active artesian well on-site.; Exceptional I-184 visibility and convenient access to downtown Boise, Boise State University, and the West End.
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    304 Americana Blvd Boise, ID 83702
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    Boise, ID 83702
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    Realmo Value Estimation

    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.

    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.

    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
    304 Americana Blvd Boise, ID 83702
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