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    OFF-MARKET
    Medical Office Space

    1721 Five Mile Rd, Boise, ID 83713

    1,200 SF 0.97 ac lot
    Property ID
    US27-0203397
    Property summary
    AI-generated overview

    This exceptional 0.97-acre mixed-use development parcel presents a prime investment opportunity in Ada County, Idaho. Strategically located at the high-traffic intersection of Five Mile Road and Fairview Avenue, this build-ready site boasts 23,500 cars per day passing on Five Mile Road. The property is zoned City-of-Boise MX-3, allowing for a diverse range of development options, including medical, commercial, traditional office, and executive office spaces. Utilities are readily available on-site. The minimum divisible square footage for build-to-suit projects is 8,500 square feet, with a total building capacity of 1,200 square feet. This location offers exceptional retail synergy, surrounded by established local, regional, and national businesses, benefiting from a strong demographic profile. Its proximity to major retail centers such as The Village at Meridian and Meridian Crossroads further enhances its appeal. An adjacent 15,444 square foot building on 1.8 acres (former Rite Aid) is also available for separate purchase or lease, presenting potential for synergistic development. The sales price, ground lease terms, and build-to-suit rates are all negotiable. The parcel number is S1103449211. This is a truly unique opportunity to capitalize on a high-demand location within a thriving commercial corridor. Interested parties are encouraged to explore the detailed demographic reports and zoning information available online.

    Property profile
    Verified
    Property type Medical Office Space
    Total area 1,200 SF
    Lot 0.97 ac (42,253 SF)
    UPID US27-0203397
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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