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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Commercial real estate
1115 Grv St, Boise, ID 83702-6916
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US27-0146537
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
24,400 SF
Lot
0.28 ac (12,197 SF)
Zoning code
C-5DD
APN
R1013001486
UPID
US27-0146537
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
-
Graphics Avenue Marketing & Advertising Printing Service
-
Hi-Tech Color LLC Marketing & Advertising Printing Service
-
The Printery (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.18M
Owner & transaction history
Steven Welsh · 21 yrs held
Steven Welsh
since 2005
5 recorded transactions
Zoning & alternative use
C-5DD · Boise, ID
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boise submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$25,526
Tax year 2022
Assessed value
$3,346,800
Assessed 2023
Previous assessed
$6,693,600
-50.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$975,800
Assessed improvement
$2,371,000
Land market value
$975,800
Improvement market value
$2,371,000
Total market value
$3,346,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Stories
2
Total area
24,400 SF
Lot
0.28 ac (12,197 SF)
Zoning code
C-5DD
APN
R1013001486
UPID
US27-0146537
Jurisdiction
ADA
Zoning & alternative use
C-5DD · Boise, ID
Zoning C-5DD · permitted uses
C-5DD · Boise, ID
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boise. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Steven Welsh
Individual
Mailing address
1406 N MAIN ST STE #215, MERIDIAN, ID 83642-1746
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
—
Mottern Limited Partnership
—
Deed
related
$80,000 · First Federal Savings Bank
Feb 11, 2005
—
Steven Welsh
Welsh,kimberly A
Quit Claim Deed
$1,760,000 · First Federal Savings Bank
—
—
Mottern LP
—
Deed Of Trust
related
$70,000 · First Fed'l Svgs Bk
—
—
LP Mottern
—
Deed Of Trust
related
$402,000 · Mottern Ben C Family Tr (pt)
—
—
Mottern
—
Deed Of Trust
related
$65,893 · First Federal Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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