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

    405 8Th St Boise, ID 83702

    • Retail properties
    • 46,824 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pingman Tools / (Bike/Boat/Book/etc) Store / Corporate Office
    • Trinity Consultants / Environmental Consultant / Software Company
    • Sprout Design / Wedding Service / Event Planning
    • DeAtley Law, PLLC / Law Firm
    • MindFusion Media / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 405 8Th St

    Year built
    1903
    Property size
    46,824 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.206
    Latitude
    43.6132

    Comparable in this City

    • Value Estimation by Request
      31,611 SF

      223 6Th St

      Office space • 31,611 SF
      223 6Th St, Boise, ID 83702
      View Details
    • Value Estimation by Request
      36,982 SF

      910 Main St

      Coworking space • 36,982 SF
      910 Main St, Boise, ID 83702
      View Details
    • Value Estimation by Request
      75,031 SF

      906 Main St

      Office space • 75,031 SF
      906 Main St, Boise, ID 83702
      View Details
    • Value Estimation by Request
      6,808 SF

      104 Capitol Blvd

      Office space • 6,808 SF
      104 Capitol Blvd, Boise, ID 83702
      View Details
    • Value Estimation by Request
      161,405 SF

      395 Bannock St

      Office Properties & Spaces • 161,405 SF
      395 Bannock St, Boise, ID 83702
      View Details
    • Value Estimation by Request
      103,306 SF

      1071 Miller St

      Flex space • 103,306 SF
      1071 Miller St, Boise, ID 83702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,285 SF

      Boise Medical Office Building For Sale

      Prime Medical Office, 100% Occupied
      50 Broadway Ave, Boise, ID 83702
      View Details
    • $725,000
      2,052 SF

      Downtown Boise Medical Office Building

      Prime Medical/Office Space, Boise, ID
      208 Jefferson St, Boise, ID 83702
      View Details
    • Contact for pricing
      2,285 SF

      Medical Office Near St. Luke’s

      Stand-alone medical office building with onsite parking near St. Luke’s.
      50 S Broadway Ave, Boise, ID 83702
      View Details
    • Contact for pricing
      10,507 SF

      Downtown Boise Class A Office

      Class A office space in Boise's premier development, BoDo.
      755 West Front St, Boise, ID 83702
      View Details
    • $699,000

      Downtown Boise Office Condo

      1,797 SF office condo in Downtown Boise for sale.
      Downtown Boise Office Condo For Sale, Boise, ID 83702
      View Details
    • Contact for pricing

      Remodeled Office Space Downtown Boise

      Newly remodeled office space in a rapidly developing downtown area.
      1655 Fairview Ave, Boise, ID 83702
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      46,824 SF

      405 8Th St

      Office space • 46,824 SF
      405 8Th St, Boise, ID 83702
      View Details
    • $26 SF/Yr
      239,393 SF

      999 Main St

      Coworking space • 239,393 SF
      999 Main St, Boise, ID 83702
      View Details
    • Contact for pricing
      31,611 SF

      Downtown Boise Office Space For Lease

      Prestigious Office Suite, 228 SF, Full-Service
      223 6Th St, Boise, ID 83702
      View Details
    • $18 SF/Yr
      36,982 SF

      Sonna Building: Downtown Boise Offices

      Downtown Boise office suites, 210-3803 sq ft.
      910 Main St, Boise, ID 83702
      View Details
    • $23 SF/Yr
      32,252 SF

      Americana West Medical Office Space

      Boise, ID Medical Office Suites Available
      703 Americana Blvd, Boise, ID 83702
      View Details
    • $14 SF/Yr
      20,020 SF

      Versatile Commercial Space for Lease

      Adaptable spaces suitable for office, retail, daycare, or medical use.
      501 N 16Th St, Payette, ID 83702
      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.
    405 8Th St
    Boise, ID 83702
    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!