Freestanding Bank Building with
For Sale
Contact for pricing
9780 West Fairview Avenue, Boise, ID 83704
Freestanding corner bank building with a drive-thru setup and ample on-site parking in a high-traffic retail corridor.
Property Size3,755 SF
Price / SF$426.10
Days on Market51
Property Features for 9780 West Fairview Avenue
General Information
Standard status
Active
Size
3,755 SF
Total Parking Spaces
26
Property subtype
Retail, Office
Zoning
City of Boise-MX-3
Additional Details
Highway Access
Yes
Building Details
Year Built
1994
Buildings
1
Stories
1
Units
1
Listing Agency:
Summit Commercial Real Estate Group
Listed By:
Andrea Nilson · License #ID
(208) 975-4447
Source:
Crexi
Added: Jul 22
Changed: Sep 9
Last Checked: Sep 10 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial Real Estate Group
Investment Insights
Based on property information with market context.
9780 W Fairview Ave is a freestanding commercial property built as a bank and continuously occupied by a financial institution since the mid-1990s. The building includes an existing drive-thru configuration and established banking infrastructure, with ample on-site parking and practical ingress and egress for customer access.
Located on a prominent corner of Fairview Avenue in one of Boise’s busiest retail corridors, the property is positioned among national retailers, restaurants, and professional services. The area also includes dense residential neighborhoods, supporting consistent daytime and commuter exposure along a primary east-west commercial corridor.
For sale as an owner-user or investment opportunity, the property offers adaptive reuse potential for financial institutions, credit unions, medical or dental practices, retail, office, restaurant, pharmacy, quick-service, coffee, or other specialty commercial users. Its freestanding design supports branding visibility and operational flexibility, while the existing bank infrastructure may help reduce renovation effort for qualified occupants.
Located on a prominent corner of Fairview Avenue in one of Boise’s busiest retail corridors, the property is positioned among national retailers, restaurants, and professional services. The area also includes dense residential neighborhoods, supporting consistent daytime and commuter exposure along a primary east-west commercial corridor.
For sale as an owner-user or investment opportunity, the property offers adaptive reuse potential for financial institutions, credit unions, medical or dental practices, retail, office, restaurant, pharmacy, quick-service, coffee, or other specialty commercial users. Its freestanding design supports branding visibility and operational flexibility, while the existing bank infrastructure may help reduce renovation effort for qualified occupants.
Key Highlights
- Freestanding commercial building on a prominent corner of Fairview Avenue in one of Boise’s busiest retail corridors.
- Originally built as a bank and continuously occupied by a financial institution since the mid‑1990s.
- Existing drive‑thru configuration with established banking infrastructure.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,780
$1.0M
Cap Rate 7%
$737,700
$737.7K
Cap Rate 9%
$573,767
$573.8K
Market Conditions
NOI Build-Up for 3,755 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.1K $19.20/SF
− Vacancy
−$3.2K −$0.86/SF
EGI
$68.9K $18.34/SF
− OpEx
−$17.2K −$4.58/SF
NOI
$51.6K $13.75/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,780
Cap Rate 7%
$737,700
Cap Rate 9%
$573,767
Alternative Uses
Best Use
Specialty Retail
$737.7K
$645.5K – $860.7K
NOI $51,639 @ 7.0% cap · market cap 3.23%
Second Best
Retail
$679.9K
$594.9K – $793.2K
NOI $47,594 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.04M
$907.4K – $1.21M
NOI $72,592 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 24%
Apparel 23%
Home Improvements & Furnishings 19%
McDonald's
Dining
31,885 visits/mo
0.1 miles
Savers Thrift Store
Apparel
26,890 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
21,024 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
19,167 visits/mo
0.5 miles
Peterson Toyota
Shops & Services
8,939 visits/mo
0.5 miles
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boise, ID
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Frequently Asked Questions
What type of property is this?
Bank - Freestanding corner bank building with a drive-thru setup and ample on-site parking in a high-traffic retail corridor.
Where is this bank located?
The property is located at 9780 West Fairview Avenue Boise, ID.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding commercial building on a prominent corner of Fairview Avenue in one of Boise’s busiest retail corridors.; Originally built as a bank and continuously occupied by a financial institution since the mid‑1990s.; Existing drive‑thru configuration with established banking infrastructure.
