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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12553 Explorer Dr Boise, ID 83713-1601

    • Commercial real estate
    • 21,180 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0188831
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marvell Semiconductor Inc / Electronics & Wireless Store
    • Aspire Human Services | Boise Office / Social Service Agency
    • SL Start Idaho I Boise Office / Social Service Agency
    • Madeline Ostberg / Counselor / Care Services
    • Trivium Life Services / Medical Clinic

    Property Details for 12553 Explorer Dr

    Year built
    1996
    Lot size
    0.97 lot acres
    Property size
    21,180 SF
    Zone code
    T-1D
    Property type
    Commercial real estate
    APN
    R7406211244
    APU
    R7406211244

    Description

    Explorer Campus 12553, located at 12553 W Explorer Dr, Boise, ID 83713, offers a unique blend of office and warehouse space ideal for a variety of businesses. This Class B property, built in 1996, comprises three buildings totaling 21,180 square feet and is situated in Ada County. The property currently has 9,868 square feet of vacant space available for lease, offering flexible options for tenants. Units range from a minimum of 3,621 square feet to a maximum contiguous space of 6,248 square feet, catering to businesses with diverse space requirements. The property's "Executive Office" and "Warehouse" subtypes indicate its suitability for companies needing both administrative and storage space. Multiple tenancies are available, providing opportunities for businesses of various sizes to find a suitable fit within this well-located Boise complex. The property's location in Boise, Idaho offers access to a thriving business community and convenient transportation links. This is an excellent opportunity to secure high-quality commercial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $795,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,120,000
      Market price range: $708k - $2.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.34
    Latitude
    43.6604
    CBSA code
    14260
    CBSA name
    BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $20,078
    $488,100
    $2,702,400
    $3,190,500
    -
    $488,100
    $2,702,400
    $3,190,500

    Comparable in this City

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      120 Driftwood Rd

      COMMERCIAL (GENERAL) • 28.27 Acres
      120 Driftwood Rd, Boise, ID 83713-8005
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    • Value Estimation by Request
      19.71 Acres

      2725 5th Mile Rd

      COMMERCIAL (GENERAL) • 19.71 Acres
      2725 5th Mile Rd, Boise, ID 83713-5389
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    • Value Estimation
      $2,045,000
      53,866 SF

      11855 Executive Dr

      COMMERCIAL (GENERAL) • 53,866 SF
      11855 Executive Dr, Boise, ID 83713
      View Details
    • Value Estimation
      $1,435,000
      31,517 SF

      11621 Executive Dr

      COMMERCIAL (GENERAL) • 31,517 SF
      11621 Executive Dr, Boise, ID 83713-8997
      View Details
    • Value Estimation
      $6,840,000
      66,322 SF

      6325 Cloverdale Rd

      COMMERCIAL (GENERAL) • 66,322 SF
      6325 Cloverdale Rd, Boise, ID 83713-1729
      View Details

    Similar Nearby for Sale

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      Adaptable Office/Industrial Space For Sale

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      Residential Land in West Boise

      Large lot for dream home in coveted West Boise.
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    • Contact for pricing
      4,100 SF

      Professionally Managed Office Suite

      Well-maintained office space with shared amenities and convenient access.
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    Similar Nearby for Lease

    • $550 /Mo

      Boise Office Space For Rent

      Well-maintained Boise office space with shared amenities and internet.
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      Central Valley Warehouse Space Available

      Warehouse space for rent with cooler space and easy access.
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      22,941 SF

      Boise Executive Office Space for Lease

      Class A Office Suites, West Boise, ID
      12550 Explorer Dr, Boise, ID 83713
      View Details
    • $19 SF/Yr
      4,580 SF

      Boise Office Building For Sale/Lease

      Prime West Boise Office Space, Multiple Suites Available
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      View Details
    • Contact for pricing
      1,200 SF

      Boise Mixed-Use Development Land

      0.97 Acres, Build-to-Suit Available
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      View Details
    • $21 SF/Yr
      16,731 SF

      Boise Research Center Office Space

      Professional office space in Boise Research Center, ample parking.
      12554 W Bridger St, Boise, ID 83713
      View Details
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    Boise, ID 83713-1601
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    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
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