Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1225 Etheridge Ln Boise, ID 83704

    • 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 • 5,000 SF
      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) • 9.83 Acres
      9370 Sunflower Ln, Boise, ID 83704
      View Details
    • Value Estimation by Request
      3.19 Acres

      3621 Patricia Ln

      COMMERCIAL (GENERAL) • 3.19 Acres
      3621 Patricia Ln, Boise, ID 83704-4269
      View Details
    • Value Estimation
      $515,000
      9.38 Acres

      7628 Settlers Ave

      COMMERCIAL (GENERAL) • 9.38 Acres
      7628 Settlers Ave, Boise, ID 83704
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Boise

      Land available for sale in Boise, Idaho.
      9230 W Ustick Rd, Boise, ID 83704
      View Details
    • $949,000
      4,084 SF

      Centrally Located Boise Townhomes

      Attached townhomes with quick access to Boise's amenities.
      6715 W Morris Hill Ln, Boise, ID 83704
      View Details
    • $650,000
      Pending

      Versatile Income-Generating Boise Property

      Multifamily property with ADU potential for income or extended family.
      10093 W Mcmillan Rd, Boise, ID 83704
      View Details
    • $779,000
      3,091 SF

      ADA Accessible Home with ADU

      ADA home plus ADU, modern finishes, income potential.
      7125 W Ustick Rd, Boise, ID 83704
      View Details
    • New
      $245,000
      813 SF

      Boise Condo with Community Pool

      Well-maintained Boise condo with community pool and convenient location.
      7060 W Colehaven Ln, Boise, ID 83704
      View Details
    • Contact for pricing

      Newer Home in Convenient Location

      Manufactured home near shopping, dining, and medical facilities.
      1067 N Elk Ln, Boise, ID 83704
      View Details

    Similar Nearby for Lease

    • $0.84 SF/Yr
      9,892 SF

      Boise Office Space For Lease

      Prime Boise location, 9,892 sqft, 4,219 sqft vacant.
      6874 Fairview Ave, Boise, ID 83704
      View Details
    • $10 SF/Yr

      Medical Space for Lease

      Medical spaces available, ranging from 1,260 to 2,729 square feet.
      3271 N Milwaukee St, Boise, ID 83704
      View Details
    • $18 SF/Yr

      Prime Medical Office Space Available

      Office space for lease in a prime medical environment.
      Office For Lease, Boise, ID 83704
      View Details
    • Contact for pricing
      3,678 SF

      Office Space in Established Park

      Office space with views, ample parking, and easy access.
      9543 W Emerald St, Boise, ID 83704
      View Details
    • $11 SF/Yr
      10,032 SF

      Westgate Plaza Executive Suites

      Boise Office Space: 1,158 sq ft available
      7962-7982 Fairview Ave, Boise, ID 83704
      View Details
    • $0.92 SF/Yr
      31,500 SF

      Industrial Warehouse Space Sublease

      13,125 SF warehouse space near I-84 available for sublease.
      Industrial Warehouse Space For Sublease, 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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!