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

    Gowen Rd Boise, ID 83705

    • Land
    • 5.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Gowen Rd

    Lot size
    5.25 lot acres
    Property type
    Land

    Description

    This exceptional 5.25-acre commercial land parcel presents a unique investment opportunity in Boise, Idaho. Strategically located on Gowen Road, the property boasts an I-1 zoning designation, ideal for light industrial uses such as manufacturing and distribution. Its prime location offers unparalleled access to major transportation arteries, including the Interstate 84 Interchange and Boise Airport, ensuring seamless connectivity for logistics and operations. The property's adjacency to established industrial giants like Amazon, Western Power Sports, FedEx, and Micron underscores its desirability and potential for significant returns. The 5.25-acre lot size provides ample space for development, accommodating a variety of industrial projects. The Ada County location, with a Boise zip code of 83705, offers access to a robust workforce and established infrastructure. This property represents a rare chance to acquire a well-positioned industrial site in a thriving market, offering significant potential for growth and profitability. The parcel's location within a desirable industrial zone, combined with its size and zoning, makes it an attractive proposition for businesses seeking to establish or expand their operations in the Boise area. The property's APN is I-1. The asking price is $2,058,210.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.23
    Latitude
    43.5541

    Comparable in this City

    • Value Estimation by Request

      I-15 Idaho Usa

      Automotive properties
      I-15 Idaho Usa, Boise, ID 83705
      View Details
    • Value Estimation by Request
      4.20 Acres

      701 Curtis Rd

      VACANT COMMERCIAL LAND • 4.20 Acres
      701 Curtis Rd, Boise, ID 83705-1808
      View Details
    • Value Estimation by Request
      18.01 Acres

      3948 Development Ave

      VACANT COMMERCIAL LAND • 18.01 Acres
      3948 Development Ave, Boise, ID 83705-5339
      View Details
    • Value Estimation by Request
      1.79 Acres

      5005 Overland Rd

      VACANT COMMERCIAL LAND • 1.79 Acres
      5005 Overland Rd, Boise, ID 83705-2633
      View Details
    • Value Estimation
      $415,000
      3.65 Acres

      5209 Targee St

      COMMERCIAL (GENERAL) • 3.65 Acres
      5209 Targee St, Boise, ID 83705-3687
      View Details
    • Value Estimation
      $1,095,000
      32,584 SF

      2520 Owyhee St

      COMMERCIAL (GENERAL) • 32,584 SF
      2520 Owyhee St, Boise, ID 83705-3972
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Southeast Boise Land Opportunity

      Land available in Southeast Boise at S. Federal Way.
      3353 S Federal Way, Boise, ID 83705
      View Details
    • $3,850,000
      3.11 Acres

      Boise Hotel Development Opportunity

      Shovel-ready hotel development site near Boise Airport and I-84.
      3635 W Elder St, Boise, ID 83705
      View Details
    • $1,950,000
      15.00 Acres

      15 Acre Boise Industrial Parcel

      15 acre industrial land parcel southeast of Boise, Idaho.
      S Pleasant Valley Rd, Boise, ID 83705
      View Details
    • $168,500
      0.14 Acres

      Boise Bench Commercial Lot

      Commercial lot in desirable Boise location with growth potential.
      1976 W Judith Ln, Boise, ID 83705
      View Details
    • $750,000
      14.93 Acres

      14.93 Acre Commercial Land Parcel

      Unimproved 14.93 acre commercial land parcel in Boise, Idaho.
      Tbd Orch S, Boise, ID 83705
      View Details
    • Contact for pricing
      14,457 SF

      Boise Retail Property For Sale/Lease

      14,457 SF former Rite Aid; prime redevelopment.
      5005 Overland Rd, Boise, ID 83705
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      23,040 SF

      Boise Industrial Land for Lease

      Fenced yard, ideal storage, Ada County.
      3562 Tk Ave, Boise, ID 83705
      View Details
    • Contact for pricing
      14,457 SF

      Boise Retail Property: 14,457 SF

      Free-standing retail building, 1.79 acres. Excellent redevelopment opportunity.
      5005 Overland Rd, Boise, ID 83705
      View Details
    • $14 SF/Yr
      1,142 SF

      Retail Space on Orchard Street

      Retail space with open floor plan and ample parking.
      2404 S Orchard St, Boise, ID 83705
      View Details
    • $16 SF/Yr
      13,154 SF

      Boise Office Space For Rent

      13,154 square feet of office space available for lease.
      3501 W Elder St, Boise, ID 83705
      View Details
    • $8,500 /Mo
      13,650 SF

      Warehouse with Mezzanine and Exposure

      Warehouse with great exposure, mezzanine storage, and freeway access.
      4316 W Overland Rd, Boise, ID 83705
      View Details
    • $15 SF/Yr
      22,500 SF

      Boise Retail Space: Vista Village

      Iconic Boise storefront, 22,500 SF, ample parking.
      1100 Vista Ave, Boise, ID 83705
      View Details
    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.
    Gowen Rd
    Boise, ID 83705
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.