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

    242 8th St Boise, ID 83702-5890

    • Commercial real estate
    • 26,400 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,550,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0074824
    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

    • J. Will Varin, Attorney / Law Firm
    • Marisa Radha Weppner / Life Coach / Meditation Instructor
    • Yothera / Training Center
    • Sage / Gym & Fitness Center / Alternative Medicine Practice
    • HG Nightology / Advertising Agency / Marketing & Advertising

    Property Details for 242 8th St

    Year built
    1909
    Lot size
    0.21 lot acres
    Property size
    26,400 SF
    Zone code
    C-5DDC
    Property type
    Commercial real estate
    APN
    R1013002847
    APU
    R1013002847

    Description

    This exceptional commercial property at 242 N. 8th St. in Boise, Idaho, offers 26,400 square feet of space across a two-story building. Currently, 3,589 square feet is available for lease. The property is zoned MX-5 and located in Ada County, zip code 83702. Its versatile design caters to a variety of businesses, making it suitable for traditional office, executive office, or creative office uses, as well as retail. The multiple tenancy structure allows for flexibility in lease terms and space configuration. The building's central downtown Boise location ensures high foot traffic and excellent visibility, benefiting businesses seeking a prominent presence. The property boasts ample parking, a significant advantage in a bustling urban environment. This is a unique opportunity to establish your business in a highly desirable and convenient location within one of Boise's most sought-after areas. The building's design offers great views, enhancing the overall appeal and functionality of the space. This property presents a compelling opportunity for businesses seeking a blend of style, functionality, and prime location in the heart of downtown Boise.

    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
    -116.202
    Latitude
    43.6165
    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
    $39,647
    $1,189,200
    $3,737,600
    $4,926,800
    -
    $1,189,200
    $3,737,600
    $4,926,800

    Comparable in this City

    • Value Estimation by Request
      53,818 SF

      Whitewater Park Blvd & Main St

      Retail properties • 53,818 SF
      0 Whitewater Park Blvd & Main St, Boise, ID 83702
      View Details
    • Value Estimation
      $1,070,000
      0.82 Acres

      1220 Frnt St

      COMMERCIAL (GENERAL) • 0.82 Acres
      1220 Frnt St, Boise, ID 83702
      View Details
    • Value Estimation by Request
      13.90 Acres

      365 Whitewater Park Blvd

      COMMERCIAL (GENERAL) • 13.90 Acres
      365 Whitewater Park Blvd, Boise, ID 83702-5514
      View Details
    • Value Estimation by Request
      333 SF

      195 Capitol Blvd Ste, Unit 125

      COMMERCIAL (GENERAL) • 333 SF
      195 Capitol Blvd Ste, Boise, ID 83702-6178
      View Details
    • Value Estimation
      $1,945,000
      16,540 SF

      800 Main St Ste, Unit 1499

      COMMERCIAL (GENERAL) • 16,540 SF
      800 Main St Ste, Boise, ID 83702-5945
      View Details
    • Value Estimation
      $840,000
      4,563 SF

      255 Capitol Blvd, Unit 1602

      COMMERCIAL (GENERAL) • 4,563 SF
      255 Capitol Blvd, Boise, ID 83702-7294
      View Details

    Similar Nearby for Sale

    • $8,250,000
      1.73 Acres

      Boise Industrial Investment Opportunity

      61,969 SF, Mixed-Use, High NOI
      304 Americana Blvd, Boise, ID 83702
      View Details
    • Contact for pricing
      21,354 SF

      Downtown Boise Office/Flex Space

      Highly visible office/flex space in downtown Boise for sale.
      521 W Front St, Boise, ID 83702
      View Details
    • Contact for pricing
      2,256 SF

      Historic Restaurant Opportunity in Boise

      Rare restaurant location in Boise's Old Boise Historic District.
      110 S 5Th St, Boise, ID 83702
      View Details
    • Contact for pricing
      8,600 SF

      Downtown Boise Two-Story Office Building

      Two-story office building in a prime downtown location.
      915 W Jefferson Blvd, Boise, ID 83702
      View Details
    • $655,000
      Pending

      Boise Duplex Investment Opportunity

      Well-maintained duplex near downtown Boise with strong rental history.
      2712 Madison Ave, Boise, ID 83702
      View Details
    • $299,000
      0.30 Acres

      Foothills Land Near Crane Creek

      Residential lot in Boise's Highlands Cove community.
      954 E Chardie Rd, Boise, ID 83702
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      7,895 SF

      Downtown Boise Office Suite 200

      7,895 SF Office Space, Downtown Boise
      300 6Th St, Boise, ID 83702
      View Details
    • Contact for pricing
      456,063 SF

      Downtown Boise Retail Opportunity

      High-visibility retail space in vibrant Boise.
      1201 Grove St, Boise, ID 83702
      View Details
    • $17 SF/Yr
      26,137 SF

      Downtown Boise Executive Suites

      Prime Boise office space, multiple suites available.
      1655 Fairview Ave, Boise, ID 83702
      View Details
    • $22 SF/Yr
      14,976 SF

      Downtown Boise Retail Gem

      Prime 8th Street Retail Space
      512 8Th St, Boise, ID 83702
      View Details
    • $18 SF/Yr
      46,824 SF

      405 8Th St

      Office space • 46,824 SF
      405 8Th St, Boise, ID 83702
      View Details
    • Contact for pricing
      53,818 SF

      Boise Retail Space: Whitewater Park Blvd

      New Retail Center, 5 Spaces Available, Downtown Boise
      0 Whitewater Park Blvd & Main 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.
    242 8th St
    Boise, ID 83702-5890
    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.