Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1511 9th St Boise, ID 83702-3614

    • Commercial land
    • 2.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0366309
    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

    • LONGFELLOW GYMNASIUM - Precinct 1912 / Gym
    • Longfellow Elementary School / Music School / Elementary School

    Property Details for 1511 9th St

    Lot size
    2.34 lot acres
    Zone code
    R-1CH
    Property type
    Commercial land
    APN
    R7406000775
    APU
    R7406000775

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.199
    Latitude
    43.6277
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.45 Acres

      1607 15th St

      VACANT COMMERCIAL LAND • 1.45 Acres
      1607 15th St, Boise, ID 83702-2609
      View Details
    • Value Estimation by Request
      0.42 Acres

      1217 Bannock St

      VACANT COMMERCIAL LAND • 0.42 Acres
      1217 Bannock St, Boise, ID 83702-5620
      View Details
    • Value Estimation by Request
      5.81 Acres

      1700 Bogus Basin Rd

      VACANT COMMERCIAL LAND • 5.81 Acres
      1700 Bogus Basin Rd, Boise, ID 83702-2900
      View Details
    • Value Estimation by Request
      1.68 Acres

      2215 Madison Ave

      VACANT COMMERCIAL LAND • 1.68 Acres
      2215 Madison Ave, Boise, ID 83702-4920
      View Details
    • Value Estimation by Request

      770 Main St, Unit 9

      VACANT COMMERCIAL LAND
      770 Main St, Boise, ID 83702-5813
      View Details
    • Value Estimation by Request
      0.13 Acres

      520 Idaho St

      VACANT COMMERCIAL LAND • 0.13 Acres
      520 Idaho St, Boise, ID 83702-5928
      View Details

    Similar Nearby for Sale

    • $424,000
      0.14 Acres

      Boise Commercial Lot Near Whitewater

      Commercial lot with oversized garage/shop near Whitewater Park.
      2907 W Pleasanton Ave, Boise, ID 83702
      View Details
    • $7,794,000
      1 SF

      Downtown Developable Lot For Sale

      Prime downtown lot with potential for diverse developments.
      350 E Myrtle St, Boise, ID 83702
      View Details
    • $1,750,000

      Hard Corner Commercial Land Available

      Prominent corner lot suitable for light industrial uses.
      8924 W Franklin St, Boise, ID 83702
      View Details
    • $1,750,000
      3 SF

      Prime Industrial Development Opportunity

      Versatile industrial land with redevelopment potential in Boise, Idaho.
      8924 W Franklin Rd, Boise, ID 83702
      View Details
    • $365,000
      0.30 Acres

      Residential Lot in Highlands Cove

      Residential lot in Boise's Highlands Cove community, build your dream home.
      1036 E Chardie Rd, Boise, ID 83702
      View Details
    • $460,000
      0.27 Acres

      Residential Lot with Skyline Views

      Residential lot in Boise's North Foothills with breathtaking views.
      4512 N Sandpoint Way, Boise, ID 83702
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      93,543 SF

      Downtown Boise Office Space

      Iconic building, flexible suites, prime location.
      802 Bannock St, Boise, ID 83702
      View Details
    • $25 SF/Yr
      110,955 SF

      Boise Downtown Executive Office Space

      Prestigious Class A Office, 3,045 sq ft available.
      250 5Th St, Boise, ID 83702
      View Details
    • $25 SF/Yr
      80,478 SF

      Boise Executive Office Suite 500

      Downtown Boise Office Space Available
      401 Front St, Boise, ID 83702
      View Details
    • $24 SF/Yr
      276,099 SF

      Boise Downtown Office Suites

      Class A office space, flexible layouts.
      101 Capitol Blvd, Boise, ID 83702
      View Details
    • $10 SF/Yr
      3,082 SF

      Boise Office Space for Lease

      Prime North End Boise Office Suites
      1675 Hill Rd, Boise, ID 83702
      View Details
    • $28 SF/Yr
      3,600 SF

      Boise Retail Space: Bannock Street

      Downtown Boise retail, flexible space.
      812 Bannock St, Boise, ID 83702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1511 9th St
    Boise, ID 83702-3614
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.