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    12601 Explorer Dr Boise, ID 83713
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    12601 Explorer Dr, Boise, ID 83713

    View on Map
    • Commercial real estate
    • 43,305 SF
    Off-Market
    Property ID
    US27-0005556
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Syngenta Seeds / Agricultural Supply / Garden Center
    • Adison Villano at Veterans Lending Group | NMLS# 1982912 / Loan Service / Bank
    • Cody Villano at Veterans Lending Group | NMLS #2185555 / Loan Service / Bank
    • Dollie Suydam at Veterans Lending Group | NMLS# 2277957 / Loan Service / Bank
    • River Heights / Homeowners' Association

    Property Details for 12601 Explorer Dr

    Property type
    Commercial real estate

    Description

    This exceptional Class A, two-story executive office building, located at 12601 W. Explorer Drive in Boise, Idaho (zip code 83713), offers 43,305 square feet of premium office space. Priced at $8,250,000 ($190/sq ft), this owner/user investment opportunity features a multi-tenant configuration with a current 3-year lease term and a NNN lease type. The building boasts high-quality interior improvements throughout, including convenient on-site showers. Second-floor furniture is negotiable. Ample parking is available, with a ratio of 4.6 spaces per 1,000 square feet. Benefit from a prominent corner location with monument signage, ensuring excellent visibility. This property enjoys a prime location within the Boise Research Center, offering easy access to numerous amenities and services, including proximity to the West YMCA. The building's strategic location in West Boise provides a strong foothold in the Boise MSA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.3399429
    Latitude
    43.6613204

    Comparable in this City

    • Contact for pricing

      Class A Office Space

      Class A office space in Boise Research Center.
      12592 W Explorer Dr, Boise, ID 83713
      View Details
    • $3,390,000

      Boise Office Building For Sale

      16,940 SF office building in Boise Research Center.
      Professional Office Bldg For Sale, Boise, ID 83713
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    • Contact for pricing
      16,940 SF

      Boise Office Building For Sale

      16,940 SF office building in Boise, Idaho for sale.
      12754 W Lasalle St, Boise, ID 83713
      View Details
    • $485,000
      0.33 Acres

      Boise Homesite in New Community

      Spacious homesite in West Boise's new upscale subdivision.
      6 N Garner Vines Pl, Boise, ID 83713
      View Details
    • $519,000
      0.42 Acres

      Residential Land in West Boise

      Homesite in upscale West Boise subdivision near amenities.
      9 N Garner Vines Pl, Boise, ID 83713
      View Details
    • $467,000
      0.30 Acres

      Spacious Homesite in West Boise

      Build your dream home in West Boise's newest community.
      11 N Garner Vines Pl, Boise, ID 83713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Space

      Class A office space in Boise Research Center.
      12592 W Explorer Dr, Boise, ID 83713
      View Details
    • Contact for pricing
      16,940 SF

      Boise Office Building For Sale

      16,940 SF office building in Boise, Idaho for sale.
      12754 W Lasalle St, Boise, ID 83713
      View Details
    • $3,390,000

      Boise Office Building For Sale

      16,940 SF office building in Boise Research Center.
      Professional Office Bldg For Sale, Boise, ID 83713
      View Details
    • $485,000
      0.33 Acres

      Boise Homesite in New Community

      Spacious homesite in West Boise's new upscale subdivision.
      6 N Garner Vines Pl, Boise, ID 83713
      View Details
    • $519,000
      0.42 Acres

      Residential Land in West Boise

      Homesite in upscale West Boise subdivision near amenities.
      9 N Garner Vines Pl, Boise, ID 83713
      View Details
    • $467,000
      0.30 Acres

      Spacious Homesite in West Boise

      Build your dream home in West Boise's newest community.
      11 N Garner Vines Pl, Boise, ID 83713
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Boise Research Center Office Space

      Turnkey office space in Boise Research Center for immediate occupancy.
      12828 W Lasalle St, Boise, ID 83713
      View Details
    • $19 SF/Yr

      Furnished Office Space in Boise

      Furnished office in Boise Research Center with ample parking.
      12594 West Explorer Dr, Boise, ID 83713
      View Details
    • Contact for pricing

      Advantage Building Office Spaces

      Office spaces for lease with various amenities and floorplans.
      12426 W Explorer Dr, Boise, ID 83713
      View Details
    • $20 SF/Yr

      Boise Research Center Office Space

      Office space in Boise Research Center with convenient amenities.
      12550 W Explorer Dr, Boise, ID 83713
      View Details
    • $19 SF/Yr
      4,580 SF

      Furnished Office Space in Boise

      Fully furnished office suite with ample parking in West Boise.
      12594 West Explorer Dr, Boise, ID 83713
      View Details
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    Boise, ID 83713
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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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