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Property profile & analytics
OFF-MARKET
Commercial real estate
1805 State St, Boise, ID 83702-3956
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US27-1132976
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1915
Total area
1,873 SF
Lot
0.28 ac (12,197 SF)
Zoning code
PCD
APN
R5538922340
UPID
US27-1132976
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
Current use
Occupant on record · Public records
-
Smoky Mountain Pizzeria & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ada County Highway District · 2 yrs held
Ada County Highway District
since 2023
7 recorded transactions
Zoning & alternative use
PCD · Boise, ID
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boise submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,722
Tax year 2022
Assessed value
$714,900
Assessed 2023
Previous assessed
$714,900
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$462,900
Assessed improvement
$252,000
Land market value
$462,900
Improvement market value
$252,000
Total market value
$714,900
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1915
Heating
NONE
Stories
1
Total area
1,873 SF
Lot
0.28 ac (12,197 SF)
Zoning code
PCD
APN
R5538922340
UPID
US27-1132976
Jurisdiction
ADA
Zoning & alternative use
PCD · Boise, ID
Zoning PCD · permitted uses
PCD · Boise, ID
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boise. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Ada County Highway District
Entity
Free & Clear · 2 yrs held
Mailing address
3775 N ADAMS ST APT #411, GARDEN CITY, ID 83714-6447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
1805 State Street LLC
—
Deed
related
$266,160 · Region IV Development Association INC
May 7, 2024
—
1805 State Street LLC
—
Deed
related
$700,000 · Normatt Properties LP
Dec 5, 2023
—
Ada County Highway District
A Bent Hansen
Warranty Deed
—
Nov 28, 2023
—
Ada County Highway District
A Bent Hansen
Warranty Deed
—
Sep 24, 2009
—
1805 State Street
Hansen John R JR Trust
Grant Deed
related
—
Dec 1, 2006
—
Hansen John R JR Living Trust
Gunn Jeanine D Trust
Warranty Deed
$94,655 · Farmers & Merchants
—
—
Hansen John R JR Living Trust
—
Deed Of Trust
related
$325,000 · Syringa Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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