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

    404 S Eagle Rd Eagle, ID 83616

    • Commercial real estate
    • 5,976 SF
    • 0.34 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    Feb 10, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0229686
    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 404 S Eagle Rd

    Year built
    2000
    Lot size
    0.34 lot acres
    Property size
    5,976 SF
    Zone code
    CBD-DA
    Property type
    Commercial real estate
    APN
    R6951340500
    APU
    R6951340500

    Description

    This exceptional 5,976 square foot office building, constructed in 2000, presents a unique leasing opportunity in Eagle, Idaho. Located at 404 S. Eagle Rd., this property boasts a highly visible location at a busy intersection, directly across from an Albertsons grocery store. The building features a total of five suites, with 1,625 square feet currently available for lease. The property's zoning is designated CBD-DA, reflecting its prime commercial location within Ada County. The building offers multiple tenancy options, ample on-site parking, and convenient access points for tenants and customers. Benefit from excellent visibility and high traffic counts, with 34,000 vehicles per day (VPD) on State Street and an additional 54,000 VPD on Eagle Road. The available space is ideal for businesses seeking high visibility and convenient access in a thriving commercial area. Tenant signage opportunities are available, further enhancing the marketing potential for your business. This property represents a rare opportunity to secure a well-located and highly visible office space in a rapidly growing market. The building's single-story design and multiple access points ensure easy navigation and accessibility for all. Contact us today to schedule a viewing and explore the possibilities.

    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
    Eagle
    County
    Ada
    State
    Idaho
    Longitude
    -116.352
    Latitude
    43.6912
    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
    $4,173
    $283,800
    $641,200
    $925,000
    -
    $283,800
    $641,200
    $925,000

    Comparable in this City

    • Value Estimation by Request
      100,000 SF

      2505 State St

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      223 SF

      1119 State St, Unit 1-5

      COMMERCIAL (GENERAL) • 223 SF
      1119 State St, Eagle, ID 83616-6027
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      599 SF

      1121 State St Ste, Unit 105

      COMMERCIAL (GENERAL) • 599 SF
      1121 State St Ste, Eagle, ID 83616-6062
      View Details
    • Value Estimation
      $630,000
      14,000 SF

      2177 Dunyon St

      COMMERCIAL (GENERAL) • 14,000 SF
      2177 Dunyon St, Eagle, ID 83616-1048
      View Details
    • Value Estimation
      $2,820,000
      27,000 SF

      2090 Eagle Rd

      COMMERCIAL (GENERAL) • 27,000 SF
      2090 Eagle Rd, Eagle, ID 83616-3640
      View Details
    • Value Estimation
      $1,000,000
      9,592 SF

      7490 Moon Vly Rd

      COMMERCIAL (GENERAL) • 9,592 SF
      7490 Moon Vly Rd, Eagle, ID 83616-4130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $4,580,000
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      Eagle, ID Highway 44 Development Sites

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    • $600,000
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      Eagle, ID Commercial Space - Riverfront Views

      900 sq ft Eagle, ID commercial space. Riverfront views.
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    Similar Nearby for Lease

    • $23 SF/Yr
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      Eagle, ID Executive Office Space

      7,254 SF Office/Retail in Eagle, ID
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    • Contact for pricing
      8,210 SF

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      Idaho Waterfront Retail Space Available
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    • $25 SF/Yr
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      Eagle Retail Space: 1,463 SF Available

      Prime Eagle location, high-traffic retail space.
      1225 Winding Creek Dr, Eagle, ID 83616
      View Details
    • $32 SF/Yr
      14,052 SF

      Mixed-Use Property in Eagle, Idaho

      Retail and office spaces available in Eagle's premier mixed-use project.
      55 East State St, Eagle, ID 83616
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    • $1.50 SF/Yr
      28,640 SF

      Eagle Office/Industrial Opportunity

      High-quality office/industrial asset in a desirable location.
      1345 E State St, Eagle, ID 83616
      View Details
    • Contact for pricing
      48,000 SF

      Eagles Gate Office Space, Eagle, ID

      Premium Eagle, ID office suites available.
      3187 Stone Way, Eagle, ID 83616
      View Details
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    404 S Eagle Rd
    Eagle, ID 83616
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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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