Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10941 Overland Rd Boise, ID 83709
    Back to Search
    Property profile & analytics

    10941 Overland Rd, Boise, ID 83709

    View on Map
    • Retail properties & Spaces
    • 9,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 10941 Overland Rd

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 10941 W. Overland Rd in Boise, Idaho (Ada County, APN R8048700125), offers 9,400 square feet of brand new, leasable space. The property is zoned MX-1 and features a storefront/office configuration suitable for multiple tenants. Individual spaces are divisible to a minimum of 1,200 square feet, with the possibility of leasing the entire 9,400 square feet contiguously. Currently, all 9,400 square feet are vacant and ready for immediate occupancy. The building boasts a modern design and ample on-site parking, providing convenient access for both customers and employees. Its prime location on Overland Road in Boise offers unparalleled visibility and exposure, with a daily traffic count of 20,644 vehicles. This high-traffic area ensures significant foot traffic and excellent potential for business growth. The property is tenant-friendly, offering convenient delivery options. This is a unique opportunity to establish a presence in a thriving Boise commercial corridor. Contact us today to learn more about leasing options and secure your space in this desirable location.

    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
    -116.319
    Latitude
    43.5903

    Comparable in this City

    • Value Estimation by Request

      6153 Gowen Rd

      Land
      6153 Gowen Rd, Boise, ID 83709
      View Details
    • Value Estimation by Request

      6080 Five Mile Rd

      Retail properties & Spaces
      6080 Five Mile Rd, Boise, ID 83709
      View Details
    • Value Estimation by Request

      10619 Meyering Ln

      Retail properties & Spaces
      10619 Meyering Ln, Boise, ID 83709
      View Details
    • Value Estimation by Request
      16,350 SF

      10100 Overland Rd

      Office Spaces
      10100 Overland Rd, Boise, ID 83709
      View Details
    • Value Estimation by Request
      1,920 SF

      5804 Franklin St

      Automotive properties
      5804 Franklin St, Boise, ID 83709
      View Details
    • Value Estimation by Request

      11319 Overland Rd

      Land
      11319 Overland Rd, Boise, ID 83709
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Asset Near Major Retailers

      Value-add retail property near Walmart and Lowe’s.
      8160 W Overland Rd, Boise, ID 83709
      View Details
    • $900,000
      0.47 Acres

      Boise Land For Sale

      Land available in Boise, Idaho.
      10685 W Hollandale Dr, Boise, ID 83709
      View Details
    • Contact for pricing

      Boise Spectrum Retail/Office Space

      Retail, office, and drive-thru spaces available in Boise, Idaho.
      7709 W Overland Rd, Boise, ID 83709
      View Details
    • Contact for pricing

      New Retail Buildings on Overland

      New retail buildings for sale or lease on Overland Road.
      10941 W Overland Rd, Boise, ID 83709
      View Details
    • $5,355,000

      New Retail Buildings on Overland

      New retail buildings for sale on bustling Overland Road.
      10941 W Overland Rd, Boise, ID 83709
      View Details
    • $950,000
      12.01 Acres

      Residential Development Land Opportunity, Boise

      12.01 acre parcel ideal for residential development in Boise.
      10847-10850 E Columbia Rd, Boise, ID 83709
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,100 SF

      Modern Restaurant Space Near I-84

      Highly visible restaurant/retail space with premium exposure near I-84.
      8489-8499 W Overland Rd, Boise, ID 83709
      View Details
    • Contact for pricing

      Mixed-Use Condo For Lease

      Mixed-use condo with warehouse and storefront spaces for lease.
      2007 Saturn Way, Boise, ID 83709
      View Details
    • Contact for pricing

      Franklin Road Retail/Flex Space

      Accessible location with retail exposure and truck access.
      5880 W Franklin Rd, Boise, ID 83709
      View Details
    • Contact for pricing

      Drive Thru Opportunity on Overland

      Rare drive-thru opportunity in Boise with high traffic exposure.
      7802 W Overland Rd, Boise, ID 83709
      View Details
    • Contact for pricing

      New Retail Development Opportunity

      New retail development with high visibility and convenient accessibility.
      11101 W Overland Rd, Boise, ID 83709
      View Details
    • Contact for pricing
      1,601 SF

      Retail Space on Overland Road

      Retail space available for lease on West Overland Road.
      7709 West Overland Rd, Boise, ID 83709
      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.
    10941 Overland Rd
    Boise, ID 83709
    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
    10941 Overland Rd, Boise, ID, 83709
    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!