Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Boise Office/Retail Suites Title is generated by Realmo AI

    Downtown Office/Retail Suites For Lease, Boise, ID 83702

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $23 SF/Yr

    Flexible office and retail spaces in Downtown Boise.

    Added:
    Nov 26, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 9:27 pm

    Property Features for Downtown Office/Retail Suites For Lease

    General Information

    Standard status
    Active

    Spaces For Lease

    at Downtown Office/Retail Suites For Lease Contact us

    We can help!

    Listing Contact
    Drey Campbell, PhD, CCIM
    Drey Campbell, PhD, CCIM

    Listing agent Drey Campbell, PhD, CCIM License #SP53187

    Listing office Lee & Associates Idaho

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates Idaho

    HighLights

    • Prime Downtown Boise location
    • Flexible spaces that can be demised or combined
    • Immediate availability
    • Competitive lease rates ($28/$23.50 PSF Modified Gross)
    • Ample parking with 14 dedicated stalls plus street parking
    • Zoned C‑5, suitable for various commercial uses

    Overview

    Located in Downtown Boise, 1101 W. Grove St. offers flexible office or retail spaces. The building has a total size of 9,607 square feet and features multiple suites available for immediate lease. These suites can be demised or combined based on tenant needs. The spaces include access to shared bathrooms, a break room, and parking, with 14 dedicated stalls and additional street parking. The property is zoned C-5, making it suitable for a variety of commercial uses. Lease rates are $28 PSF Modified Gross for the 1st floor suite and $23.50 PSF Modified Gross for the upstairs suites. The property offers prime visibility, parking, and immediate availability.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.166
    Latitude
    43.6585

    Nearby Similar for Lease

    • $46,620 SF/Yr
      2,027 SF

      Downtown Boise Commercial Space

      Prime location near medical and government facilities, ideal for professionals.
      777 N 4th St, Boise, ID 83702-4512
      View Details
    • Contact for pricing
      1,008 SF

      Downtown Boise Commercial Space Available

      Prime location with high visibility and foot traffic.
      828 W Idaho Street, Boise, ID 83702
      View Details
    • $269,468 SF/Yr
      17,385 SF

      Adaptable Single-Story Office Suite

      Efficient single-story office suite with open areas and private offices.
      391 N Ancestor Place, Boise, ID 83704
      View Details
    • $129-$6,096/Mo
      11-1,292 SF

      ID, Boise - W Elder St

      3295 Elder St, Unit 4TH, Boise, ID 83705
      View Details
    • Sponsored
      $129-$4,196/Mo
      11-1,292 SF

      Boise Downtown

      950 Bannock St, Unit 1100, Boise, ID 83702
      View Details
    • $26 SF/Yr
      1,412 SF

      Downtown Boise Office Space Available

      Historic Veltex Building office space for lease in downtown Boise.
      420 W. Main Street, Boise, ID 83702
      View Details
    • $13 SF/Yr
      3,978 SF

      Updated Office Building on Vista

      Recently updated office building with excellent visibility and convenient location.
      2323 South Vista Avenue, Boise, ID, 83705
      View Details
    • $16 SF/Yr
      3,006 SF

      Boise Bench Two-Story Office Condo

      Two-story office condo with open workspace and private offices.
      410 South Orchard Street, Ste. 116, Boise, ID, 83705
      View Details
    • $28 SF/Yr
      24,708 SF

      Prime Downtown Retail/Restaurant Space

      High-visibility retail/restaurant space in Boise's vibrant downtown district.
      777 West Main Street, Boise, ID 83702
      View Details
    • $19 SF/Yr
      4,580 SF

      Furnished Office Space in Boise

      Fully furnished office suite with ample parking in West Boise.
      12594 West Explorer Drive, Boise, ID 83713
      View Details
    • $17 SF/Yr
      6,352 SF

      Medical Office Space Available

      Medical office space with exam rooms and sinks for sale.
      801 N. Stilson Road, Boise, ID 83714
      View Details
    • $22 SF/Yr
      14,976 SF

      Renovated Retail Space with Skylights

      Prime retail space near Boise State and downtown corridor.
      512 S 8th St, Boise, ID 83702
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible office and retail spaces in Downtown Boise.
    Where is this office units located?
    The property is located at Downtown Office/Retail Suites For Lease Boise, ID.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown Boise location; Flexible spaces that can be demised or combined; Immediate availability
    (208) 319-1029
    We can help!
    Listing Contact
    Drey Campbell, PhD, CCIM
    Drey Campbell, PhD, CCIM
    Real Estate License ID: SP53187
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Downtown Office/Retail Suites For Lease, Boise, ID 83702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!