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Property profile & analytics
FOR LEASE
Commercial real estate
2230 S Cole Rd Boise, ID 83709
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US27-0643024
For Lease
1 / 10
$1,400,000
2230 S Cole Rd, Boise, ID 83709
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
25,256 SF
Lot
1.51 ac (65,776 SF)
Zoning code
M-1D
APN
R8207350530
UPID
US27-0643024
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
-
Tacoma Screw Products, Inc. Building Supply Construction Company
-
Tile Outlet & Granite Hardware & Home Improvement Carpet & Flooring Store
-
Johnson Brothers, Inc Hardware & Home Improvement Interior Design
-
Lime Boise Production Facility
-
Utah Yamas Controls Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Central Park Investors 3 LLC · 11 yrs held
Central Park Investors 3 LLC
since 2015
7 recorded transactions
Zoning & alternative use
M-1D · 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
$55 / SF
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
$34,531
Tax year 2022
Assessed value
$4,059,700
Assessed 2023
Previous assessed
$3,982,500
+1.9% YoY
Effective rate
0.85%
On assessed value
Assessed land
$526,200
Assessed improvement
$3,533,500
Land market value
$526,200
Improvement market value
$3,533,500
Total market value
$4,059,700
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
For Lease
Year built
2002
Heating
NONE
Stories
1
Total area
25,256 SF
Lot
1.51 ac (65,776 SF)
Zoning code
M-1D
APN
R8207350530
UPID
US27-0643024
Jurisdiction
ADA
Zoning & alternative use
M-1D · Boise, ID
Zoning M-1D · permitted uses
M-1D · 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
2002
Heating
NONE
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Central Park Investors 3 LLC
Entity
Mailing address
250 S 5TH ST, BOISE, ID 83702-7713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Apr 3, 2015
—
Central Park Investors 3 LLC
Central Park Investors
Quit Claim Deed
related
—
Aug 28, 2014
—
Central Park Investors
Bayside Capital Co INC
Warranty Deed
related
—
Aug 22, 2014
—
Bayside Capital Co INC
Bayside Capital Co INC
Quit Claim Deed
related
—
Sep 19, 2006
—
Claire,gary E
—
Trustees Deed
related
$150,000 · Farmers & Merchants Nat'l Bk
Jul 8, 2005
—
Claire,gary K E
Eauclaire,gary K & Derry M
Quit Claim Deed
related
$2,485,000 · Farmers & Merchants Nat'l Bk
—
—
Central Park Investors
—
Deed Of Trust
related
$2,600,000 · Public Emp Retirement Sys
—
—
Claire,gary E
—
Deed Of Trust
related
$62,154 · Jered Vanengen
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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