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    1505 Boise Ave Caldwell, ID 83605
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    1505 Boise Ave, Caldwell, ID 83605

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    • Commercial real estate
    Off-Market
    Property ID
    US27-0164558
    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

    • Commercial real estate

    Property Details for 1505 Boise Ave

    Property type
    Commercial real estate

    Description

    This exceptional one-acre commercial/industrial/residential lot in Caldwell, Idaho, presents a unique redevelopment opportunity. Located at 1505 Boise Ave, 83605, this property boasts a prime location directly on the Golden Gate canal, separated from the Boise River only by a walking path. The asking price is $175,000, representing a land value of $183,394.50 per acre. The existing structures on the site require demolition, opening the door for a variety of new developments. City of Caldwell approvals are in place for multiple uses, including duplexes, triplexes, fourplexes, or even a tiny home community. The serene setting, with direct canal access and proximity to the Boise River, offers a unique and desirable living environment. Imagine the potential of adding a bridge over the canal for direct access to the river walk, enhancing the property's appeal and value. This versatile property is ready for an investor with a vision to create something truly special in a highly sought-after location. The property's zoning allows for diverse development options, making it an attractive investment for both residential and commercial ventures. This is a rare chance to acquire a large parcel in a thriving Idaho community.

    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
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.684752
    Latitude
    43.683191

    Comparable in this City

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      Caldwell Duplex with Rental History

      Duplex in sought-after neighborhood with strong rental demand.
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    • $599,900
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      Caldwell Triplex with Income Potential

      Turn-key triplex in prime location with strong cash flow potential.
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    • $449,000
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      Updated Duplex in Historic District

      Charming, updated duplex near College of Idaho with investment potential.
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    • Contact for pricing
      2,800 SF

      Well-Maintained Triplex Near College

      Triplex near College of Idaho with low tenant turnover.
      1820 Poplar St, Caldwell, ID 83605
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    • New
      $549,900
      2,955 SF

      Caldwell Triplex Near College of Idaho

      Well-maintained triplex near the College of Idaho.
      1824 Poplar St, Caldwell, ID 83605
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,750 SF

      Duplex Hangar with Rental Income

      Duplex hangar, one unit rented, suitable for aviation or commercial.
      2321 And, Caldwell, ID 83605
      View Details
    • New
      $485,000
      2,132 SF

      Caldwell Duplex with Rental History

      Duplex in sought-after neighborhood with strong rental demand.
      2220 Big Sky St, Caldwell, ID 83605
      View Details
    • $599,900
      2,304 SF

      Caldwell Triplex with Income Potential

      Turn-key triplex in prime location with strong cash flow potential.
      2803 College Ave, Caldwell, ID 83605
      View Details
    • $449,000
      Pending

      Updated Duplex in Historic District

      Charming, updated duplex near College of Idaho with investment potential.
      1918&1920 Cleveland Blvd, Caldwell, ID 83605
      View Details
    • Contact for pricing
      2,800 SF

      Well-Maintained Triplex Near College

      Triplex near College of Idaho with low tenant turnover.
      1820 Poplar St, Caldwell, ID 83605
      View Details
    • New
      $549,900
      2,955 SF

      Caldwell Triplex Near College of Idaho

      Well-maintained triplex near the College of Idaho.
      1824 Poplar St, Caldwell, ID 83605
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Manufacturing Building with Heavy Power

      Manufacturing building available for rent, featuring heavy power.
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      Industrial Single Tenant Space

      Industrial single tenant space available for lease.
      1614 Industrial Way, Caldwell, ID 83605
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    • $103,435
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      New Industrial Building Near I-84

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      59,252 SF

      Caldwell Industrial Property for Lease

      59,252 SF industrial space in Caldwell, Idaho.
      1 Idea Way, Caldwell, ID 83605
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      37,180 SF

      Class A Industrial Space Available

      New industrial development with flexible configurations and modern amenities.
      4321 Muller Dr, Caldwell, ID 83605
      View Details
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    1505 Boise Ave
    Caldwell, ID 83605
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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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    1505 Boise Ave, Caldwell, ID, 83605
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