5100-5350 Overland Rd Boise, ID 83705
Hillcrest Shopping Center presents a unique investment opportunity in Boise, Idaho. This established 168,693 square foot shopping center, built in 1963 and situated on a 24.73-acre lot, offers multiple retail spaces for lease. Currently, 7,299 square feet of space is available, with units ranging from a minimum of 999 square feet to a maximum contiguous space of 6,300 square feet. The property boasts ample parking, a significant advantage for both tenants and customers. Its location in a rapidly growing area of Boise offers excellent visibility and accessibility, with convenient proximity to major freeways and the airport. The MX-3 zoning allows for flexible use, encompassing retail, office, and even industrial applications, thanks to the presence of roll-up and dock doors in some units. This mixed-use potential provides significant adaptability for prospective tenants. Highly competitive lease rates and low NNN expenses make this a financially attractive proposition. The strong retail synergy within the existing development further enhances the value and potential for success. This is an exceptional opportunity to establish a presence in a thriving Boise submarket.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.