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

    3160 W Elder St Boise, ID 83705

    • Commercial real estate
    • 14,000 SF
    • 1.05 lot acres
    For Sale
    View listing
    $15
    Last Sale
    Jul 29, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-1115149
    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

    • Layton Construction / Construction Company

    Property Details for 3160 W Elder St

    Year built
    1984
    Lot size
    1.05 lot acres
    Property size
    14,000 SF
    Zone code
    L-OD
    Property type
    Commercial real estate
    APN
    R2320000081
    APU
    R2320000081

    Description

    Airport Center Building 3, located at 3160 W Elder St, Boise, ID 83705, offers 14,000 square feet of leasable traditional office space in a single-story, Class B building. This property sits on a 1.05-acre lot and is zoned L-O/D. Built in 1984, the building is currently fully vacant and available for lease as a whole or in divisible units. The minimum leasable space is 2,809 square feet, with a maximum contiguous space of 7,000 square feet. This presents a unique opportunity for businesses seeking flexible office solutions in a convenient location. The property's Ada County address provides easy access to Boise's amenities and infrastructure. The building's single-story design offers convenient access and ample parking. This is an excellent opportunity to establish a presence in a well-established area of Boise, Idaho. The property's APN is R2320000081. Interested parties should inquire about lease terms and conditions. The building's size and layout offer significant potential for customization to suit a variety of business needs. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strategic location in Boise.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,111,000
      Market price range: $494k - $1.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.22
    Latitude
    43.5738
    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
    $21,354
    $754,700
    $1,802,800
    $2,557,500
    -
    $754,700
    $1,802,800
    $2,557,500

    Comparable in this City

    • Value Estimation
      $6,770,000
      67,012 SF

      1713 Curtis Rd

      COMMERCIAL (GENERAL) • 67,012 SF
      1713 Curtis Rd, Boise, ID 83705-6319
      View Details
    • Value Estimation
      $3,365,000
      90,586 SF

      833 Diamond St

      COMMERCIAL (GENERAL) • 90,586 SF
      833 Diamond St, Boise, ID 83705-5291
      View Details
    • Value Estimation
      $7,795,000
      78,219 SF

      2970 Elder St

      COMMERCIAL (GENERAL) • 78,219 SF
      2970 Elder St, Boise, ID 83705-4706
      View Details
    • Value Estimation
      $6,530,000
      173,766 SF

      3033 Elder St

      COMMERCIAL (GENERAL) • 173,766 SF
      3033 Elder St, Boise, ID 83705-4708
      View Details
    • Value Estimation
      $4,955,000
      224,614 SF

      2888 Cherry Ln

      COMMERCIAL (GENERAL) • 224,614 SF
      2888 Cherry Ln, Boise, ID 83705-4174
      View Details
    • Value Estimation
      $3,015,000
      27,888 SF

      4800 Clark St

      COMMERCIAL (GENERAL) • 27,888 SF
      4800 Clark St, Boise, ID 83705-2061
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,344 SF

      Renovated Office Space Near I-84

      Customizable office space with high-speed connectivity and convenient location.
      3264 W Elder St, Boise, ID 83705
      View Details
    • $5,681,000
      26,070 SF

      Industrial Warehouse with Expansion Lot

      26,070 SF warehouse on 2.75 acres near I-84.
      990-1000 W Amity Rd, Boise, ID 83705
      View Details
    • $1,597,090
      3,688 SF

      Restaurant Investment Opportunity For Sale

      Recently remodeled restaurant property with a triple net lease.
      Absolute Nnn Investment For Sale, Boise, ID 83705
      View Details
    • Contact for pricing
      9,000 SF

      Overland Road Commercial Property

      Commercial property with high traffic and multiple overhead doors.
      4422 W Overland Rd, Boise, ID 83705
      View Details
    • Contact for pricing

      Remodeled Industrial/Flex Property For Sale

      Remodeled industrial/flex property with office and warehouse space available.
      1647 S Federal Way, Boise, ID 83705
      View Details
    • $1,300,000
      4,352 SF

      Remodeled Overland Road Retail Property

      Remodeled retail property with high visibility and ample parking.
      3925 Overland Rd, Boise, ID 83705
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      22,500 SF

      Boise Retail Space: Vista Village

      Iconic Boise storefront, 22,500 SF, ample parking.
      1100 Vista Ave, Boise, ID 83705
      View Details
    • Contact for pricing
      1,216 SF

      Retail Space in Prime Location

      Retail space with high visibility and strong co-tenancy.
      5161 W Overland Rd, Boise, ID 83705
      View Details
    • $32,000
      11,202 SF

      Class A Industrial Site

      Class A industrial site for lease near Boise Airport.
      Class “A” Low Coverage, Boise, ID 83705
      View Details
    • $14 SF/Yr

      Short-Term Executive Leases Available

      Executive leases available through June 2025 in a prime Boise location.
      10 S Latah St, Boise, ID 83705
      View Details
    • Contact for pricing
      14,457 SF

      Boise Retail Property: 14,457 SF

      Free-standing retail building, 1.79 acres. Excellent redevelopment opportunity.
      5005 Overland Rd, Boise, ID 83705
      View Details
    • Contact for pricing
      1,142 SF

      Retail Space on Orchard Street

      Retail space with open floor plan and ample parking.
      2404 S Orchard St, Boise, ID 83705
      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.
    3160 W Elder St
    Boise, ID 83705
    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.