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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3212 Maple Grove Rd Boise, ID 83704

    • Commercial real estate
    • 5,000 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0899094
    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

    • Commercial real estate

    Property Details for 3212 Maple Grove Rd

    Lot size
    0.20 lot acres
    Property size
    5,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.19-acre commercial land parcel presents a prime development opportunity in Boise's West Bench submarket. Located at the hard corner of North Maple Grove Road and West Ustick Road, this 8,624 square foot lot boasts unparalleled visibility and accessibility. With a C-1/D zoning designation, a wide range of commercial uses are permitted, making it ideal for a build-to-suit project tailored to your specific needs. The property's strategic location benefits from exceptionally high traffic counts, with Ustick Road seeing 21,000 vehicles per day and Maple Grove Road recording 16,000 vehicles per day. This ensures maximum exposure for any business developed on the site. On-site parking is available, and ample signage opportunities exist to enhance brand visibility. The property's APN is R2732850205. This is a single-tenancy site with a total buildable area of 5,000 square feet. Don't miss this chance to establish your business in a high-demand location with excellent visibility and traffic flow. This is a rare opportunity to secure a prominent corner lot in a thriving commercial area.

    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
    -116.2939512
    Latitude
    43.6342402

    Comparable in this City

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      Boise Retail Space Available

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      Versatile industrial space for lease in Boise, ID.
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      Boise Retail Space for Lease

      West Boise retail center, multiple spaces available.
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    Similar Nearby for Sale

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    • New
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    • $1,140,000

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    Similar Nearby for Lease

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      9,892 SF

      Boise Office Space For Lease

      Prime Boise location, 9,892 sqft, 4,219 sqft vacant.
      6874 Fairview Ave, Boise, ID 83704
      View Details
    • $12 SF/Yr

      Managed Flex Space Near Hospital

      Professionally managed flex space near St. Alphonsus Regional Medical Center.
      6051-6149 W Corporal Ln, Boise, ID 83704
      View Details
    • Contact for pricing
      13,100 SF

      Boise Medical Office Building

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      5963 Emerald St, Boise, ID 83704
      View Details
    • Contact for pricing
      18,295 SF

      Boise Retail Space Available

      Prime Boise location, high visibility, 0.42 acres.
      0 Milwaukee St & Irving St, Boise, ID 83704
      View Details
    • $15 SF/Yr
      45,611 SF

      Boise Flex/Warehouse Space Available

      Versatile industrial space for lease in Boise, ID.
      10215 Emerald St, Boise, ID 83704
      View Details
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      68,997 SF

      Boise Retail Space for Lease

      West Boise retail center, multiple spaces available.
      1401 Milwaukee St, Boise, ID 83704
      View Details

    Property Visit Statistics

    • Visits by month
      16.1k
    • Visitors by month
      8.6k
    • Avg Time on site
      8 min
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    3212 Maple Grove Rd
    Boise, ID 83704
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    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
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