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Property profile & analytics
FOR LEASE
Commercial real estate

10346 W Overland Rd Boise, ID 83709

161,259 SF 13.3 ac lot Built 1978
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US27-0010158
Property summary
AI-generated overview

Five Mile Plaza, a 161,259 square foot retail shopping center in Ada County, Idaho, presents a compelling investment opportunity. Strategically located at the intersection of Five Mile Road and Overland Road, two high-traffic corridors boasting a combined 48,500 vehicles per day, this center benefits from exceptional visibility and accessibility. The property features 24 suites, with a minimum divisible space of 1,526 square feet, offering flexibility for a variety of tenants. The center is anchored by a prominent Albertsons grocery store and shadow-anchored by a Fred Meyer, ensuring consistent foot traffic and strong consumer draw. A diverse mix of established businesses already occupy the center, including Jack in the Box, Wells Fargo, Ridgeline Bike & Ski, the UPS Store, and Idaho Fitness Factory, creating a vibrant and synergistic retail environment. The 13.3-acre site is situated within a densely populated area exhibiting robust demographics, promising sustained growth and profitability. This well-established center offers a rare opportunity to acquire a prime retail asset in a thriving market. The property's size, location, and existing tenant mix make it an ideal investment for both seasoned and emerging investors seeking a stable and high-performing retail portfolio addition.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1978
Total area 161,259 SF
Lot 13.3 ac (579,348 SF)
Zoning code C-2D
APN S1114336200
UPID US27-0010158
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rocky Vape Co (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.05M
Blend (final) Blend
$14.78M
Owner & transaction history
1210 Boise Boe LLC · 4 yrs held
1210 Boise Boe LLC
since 2021
5 recorded transactions
2021
Price N/A
2018
Price N/A
2010
Price N/A
2010
$7.0M
2006
Price N/A
Zoning & alternative use
C-2D · Boise, ID
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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