Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    900 Royal Blvd Boise, ID 83706
    Back to Search
    Property profile & analytics

    900 Royal Blvd, Boise, ID 83706

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UNCOMMON BOISE / Apartment Building

    Property Details for 900 Royal Blvd

    Year built
    2024
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 2024-built retail space, located at 900 W Royal Blvd in Boise, Idaho, 83706, presents a unique investment opportunity. The single-building property offers multiple tenancy options, ideal for a variety of restaurant or retail concepts. Its prime location in Boise offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a thriving market. The building's modern design and construction ensure a high-quality space ready for immediate occupancy. This is a ground-floor opportunity for businesses looking to establish a presence in a rapidly growing area of Boise. The property's versatility allows for customization to suit specific business needs, making it an adaptable space for various retail or restaurant operations. The address is easily accessible, providing convenient access for customers and employees alike. This is a perfect location for a coffee shop or similar business, given the high foot traffic potential. Serious inquiries are encouraged to explore the possibilities this property offers. Contact us to schedule a viewing and discuss lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Boise
    State
    Idaho
    Longitude
    -116.212
    Latitude
    43.6091

    Comparable in this City

    • Value Estimation by Request
      17,045 SF

      601-620 Orchard St

      Lifestyle centers
      601-620 Orchard St, Boise, ID 83706
      View Details
    • Value Estimation by Request
      6,624 SF

      3047 Bown Way

      Office Spaces
      3047 Bown Way, Boise, ID 83706
      View Details
    • Value Estimation by Request
      17,045 SF

      614 Orchard St

      Neighborhood centers
      614 Orchard St, Boise, ID 83706
      View Details
    • Value Estimation by Request
      13,470 SF

      1033 Broadway Ave

      Retail properties & Spaces
      1033 Broadway Ave, Boise, ID 83706
      View Details
    • Value Estimation by Request
      7,822 SF

      2351 Apple St

      Individual retail properties
      2351 Apple St, Boise, ID 83706
      View Details
    • Value Estimation by Request
      17,045 SF

      602-620 Orchard St

      Neighborhood centers
      602-620 Orchard St, Boise, ID 83706
      View Details

    Similar Nearby for Sale

    • $3,750,000

      Freestanding Boise Restaurant Investment Opportunity

      Fully leased Red Robin restaurant property for sale in Boise.
      211 W Parkcenter Blvd, Boise, ID 83706
      View Details
    • Contact for pricing
      2,982 SF

      Hospitality Asset in University District

      Hospitality property for sale in Boise's University District.
      1228 S Oakland Ave, Boise, ID 83706
      View Details
    • Contact for pricing

      Southeast Boise Development Opportunity

      2.96-acre mixed-use development site in a prime location.
      400 W Parkcenter Blvd, Boise, ID 83706
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on Broadway Avenue

      Retail space available for sale on Broadway Avenue.
      1323 S Broadway Ave, Boise, ID 83706
      View Details
    • New
      $699,999
      2,512 SF

      Office Building with Rear Studio

      Versatile office and studio setup with ADA access, multiple entrances, and on-site parking for customer-friendly operations.
      5023 W Emerald St, Boise, ID 83706
      View Details
    • Contact for pricing

      Prime Retail Investment Opportunity

      1,800 SF retail building in Boise, ID for sale.
      1323 S Broadway Ave, Boise, ID 83706
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr

      Broadway Avenue Retail Space Available

      Retail space in high-traffic Boise location with excellent visibility.
      2719 South Broadway Ave, Boise, ID 83706
      View Details
    • Contact for pricing
      1,687 SF

      Retail or Restaurant Space Available

      Retail or restaurant space for lease, coffee opportunity.
      900 Royal Blvd, Boise, ID 83706
      View Details
    • Contact for pricing

      Retail or Restaurant Space Available

      Retail or restaurant space for lease. Contact agent for details.
      900 W Royal Blvd, Boise, ID 83706
      View Details
    • Contact for pricing
      1,131 SF

      Retail Space in Bown Crossing

      Retail space available in desirable SE Boise location.
      3120-3136 S Bown Way, Boise, ID 83706
      View Details
    • Contact for pricing

      Retail Space Near Boise State

      Retail and service retail space for lease near Boise State.
      2100 S Broadway Ave, Boise, ID 83706
      View Details
    • Contact for pricing

      Retail Center in High-Traffic Area

      Retail space available in renovated Boise center.
      279 N Orchard St, Boise, ID 83706
      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.
    900 Royal Blvd
    Boise, ID 83706
    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
    900 Royal Blvd, Boise, ID, 83706
    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!