Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1225 Etheridge Ln Boise, ID 83704
    Back to Search
    Property profile & analytics

    1225 Etheridge Ln, Boise, ID 83704

    View on Map
    • Land
    • 2.11 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1225 Etheridge Ln

    Lot size
    2.11 lot acres
    Property type
    Land

    Description

    This exceptional 2.11-acre development site in Boise, Idaho, presents a compelling investment opportunity. Located in Ada County, at 1225 N Etheridge Ln, zip code 83704, this property offers multiple development paths due to its R-1B zoning, with potential for higher density rezoning. The site is ideally situated for townhomes, single-family rentals, or multifamily housing, with preliminary designs suggesting the potential for at least 26 townhomes. Adding to its appeal, an existing rental house on the property currently generates $1,900 per month in rental income. Its prime location near the Boise Town Square Mall and the vibrant Milwaukee Street retail corridor provides immediate access to a wealth of amenities, including dining, shopping, and grocery stores. The property's proximity to Downtown Boise further enhances its desirability. The asking price is $2,300,000. Comparables in the area show a median sale price of $479,000. This infill site represents one of the most attractive investment opportunities within the Boise MSA.

    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
    -116.281
    Latitude
    43.6165

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      3212 Maple Grove Rd

      Land
      3212 Maple Grove Rd, Boise, ID 83704
      View Details
    • Value Estimation by Request

      597 Maple Grove Rd

      Multifamily properties
      597 Maple Grove Rd, Boise, ID 83704
      View Details
    • Value Estimation by Request

      2661 Maple Grove Rd

      Multifamily properties
      2661 Maple Grove Rd, Boise, ID 83704
      View Details
    • Value Estimation by Request
      9.83 Acres

      9370 Sunflower Ln

      COMMERCIAL (GENERAL)
      9370 Sunflower Ln, Boise, ID 83704
      View Details
    • Value Estimation by Request
      3.19 Acres

      3621 Patricia Ln

      COMMERCIAL (GENERAL)
      3621 Patricia Ln, Boise, ID 83704-4269
      View Details
    • Value Estimation
      $515,000
      9.38 Acres

      7628 Settlers Ave

      COMMERCIAL (GENERAL)
      7628 Settlers Ave, Boise, ID 83704
      View Details

    Similar Nearby for Sale

    • $1,100,000
      3,706 SF

      New Boise Duplex, Income Potential

      New construction duplex with modern finishes, ideal for investors.
      6590 W Ustick Rd, Boise, ID 83704
      View Details
    • $505,000
      1,440 SF

      Boise Duplex with System Upgrades

      Well-maintained Boise duplex with extensive upgrades and private yards.
      1906 N Allumbaugh St, Boise, ID 83704
      View Details
    • Contact for pricing
      16,944 SF

      Multifamily Property in Boise, Idaho

      Well-maintained 20-unit apartment complex in a rapidly expanding market.
      1405 N Eldorado St, Boise, ID 83704
      View Details
    • Contact for pricing
      1,440 SF

      Boise Duplex with Privacy Features

      Updated Boise duplex with private yards and sound barrier garages.
      1906 N Allumbaugh St, Boise, ID 83704
      View Details
    • New
      $800,000
      Pending

      Boise Fourplex in Prime Location

      Fully occupied fourplex near Boise Towne Square with long-term tenants.
      801 N Milwaukee St, Boise, ID 83704
      View Details
    • $1,600,000
      Pending

      Boise Infill Development Opportunity

      Prime 1.82-acre land near Boise Towne Square Mall.
      1225 N Ethridge Ln, Boise, ID 83704
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Build-To-Suit Opportunity

      Land available for medical office development near St. Alphonsus.
      5963 Emerald St, Boise, ID 83704
      View Details
    • Contact for pricing

      Retail Space on Fairview Avenue

      Retail space for lease with excellent street frontage.
      6874 Fairview Ave, Boise, ID 83704
      View Details
    • Contact for pricing

      Medical Office Build-to-Suit Opportunity

      Medical office building or ground lease opportunity available for rent.
      5963 W Emerald St, Boise, ID 83704
      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.
    1225 Etheridge Ln
    Boise, ID 83704
    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
    1225 Etheridge Ln, Boise, ID, 83704
    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!