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

    6803 Overland Rd Boise, ID 83709-1906

    • Commercial real estate
    • 2,904 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2024
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    6.7%
    Commercial real estate
    Location Intelligence
    Property ID
    US27-0140779
    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

    • Cardtronics ATM / Atm
    • Keller Williams Realty Boise: The Preferred Agents Team / Real Estate Agency

    Property Details for 6803 Overland Rd

    Year built
    1976
    Lot size
    0.27 lot acres
    Property size
    2,904 SF
    Zone code
    C-2D
    Property type
    Commercial real estate
    APN
    S1019212478
    APU
    S1019212478

    Description

    This exceptional 3,725 square foot commercial property, situated on a 0.27-acre lot at 6803 W Overland Rd in Boise, Idaho, presents a remarkable opportunity for retail or office use. Ideally located near Cole Road, this space boasts a stunning remodel completed in 2019, transforming it into a highly functional and aesthetically pleasing environment. The property features a spacious, adaptable layout perfect for a variety of businesses. A key highlight is a beautifully appointed conference/meeting room, ideal for client presentations or internal collaborations. Three private offices provide dedicated workspaces, complemented by ample open office or retail space, offering flexibility to suit diverse operational needs. A convenient small breakroom/storage area is equipped with a microwave, sink, and refrigerator, enhancing employee comfort and convenience. A single bathroom completes the functional amenities. The asking price of $1,185,000 includes all fixtures and furnishings, excluding a leased printer. This property's prime location, recent renovation, and versatile design make it an exceptional investment opportunity in a thriving Boise commercial district. The combination of private and open space offers a unique blend of functionality and aesthetic appeal, making it an attractive option for a wide range of businesses seeking a high-quality, well-maintained space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $555,000
      7%
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.266
    Latitude
    43.5898
    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
    $4,672
    $194,100
    $313,100
    $507,200
    -
    $194,100
    $313,100
    $507,200

    Comparable in this City

    • Value Estimation by Request

      6153 Gowen Rd

      Land
      6153 Gowen Rd, Boise, ID 83709
      View Details
    • Value Estimation
      $505,000
      4.82 Acres

      445 Maple Grv Rd

      COMMERCIAL (GENERAL) • 4.82 Acres
      445 Maple Grv Rd, Boise, ID 83709-0656
      View Details
    • Value Estimation by Request

      Varies

      COMMERCIAL (GENERAL)
      Varies, Boise, ID 83709
      View Details
    • Value Estimation
      $1,400,000
      25,256 SF

      2230 Cole Rd

      COMMERCIAL (GENERAL) • 25,256 SF
      2230 Cole Rd, Boise, ID 83709-2807
      View Details
    • Value Estimation
      $10,215,000
      96,226 SF

      1377 Gold King Way

      COMMERCIAL (GENERAL) • 96,226 SF
      1377 Gold King Way, Boise, ID 83709-6438
      View Details
    • Value Estimation
      $900,000
      6,723 SF

      1731 Entertainment Ave

      COMMERCIAL (GENERAL) • 6,723 SF
      1731 Entertainment Ave, Boise, ID 83709-8308
      View Details

    Similar Nearby for Sale

    • $598,518

      Boise Commercial Land - 6 Lots Available

      Prime Boise location, 6 lots, high access.
      11101 Overland Rd, Boise, ID 83709
      View Details
    • Contact for pricing
      3.51 Acres

      Ascent Overland: Boise Land

      3.5-acre development opportunity in Boise, ID
      11880 Overland Rd, Boise, ID 83709
      View Details
    • $2,399,951
      2.77 Acres

      Boise Commercial Land: Hackamore Parcel

      Prime 2.77-acre lot, ideal for mixed-use development.
      8764 Hackamore Dr, Boise, ID 83709
      View Details
    • $1,300,000
      1.33 Acres

      Boise Commercial Land - 1.33 Acres

      Prime Southwest Boise commercial lot, I-84 access.
      8732 Hackamore Dr, Boise, ID 83709
      View Details
    • $180,688

      Boise Office Land: Prime Location

      Rare Office Land, Boise, Idaho
      11319 Overland Rd, Boise, ID 83709
      View Details
    • $198,208

      Boise Office Land: 6 Lots Available

      Prime Office Land, Boise, Idaho. Excellent Investment.
      11361 Overland Rd, Boise, ID 83709
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,328 SF

      Move-In Ready Office Space Available

      Office space with conference room, training room, and ample parking.
      8637-8655 W Franklin Rd, Boise, ID 83709
      View Details
    • $16 SF/Yr
      21,647 SF

      Retail Space with Pylon Signage

      Retail space with high visibility and full access on Overland.
      6555 W Overland Rd, Boise, ID 83709
      View Details
    • Contact for pricing
      5,000 SF

      Central Boise Flex/Office Space

      Flex and office spaces in central Boise location for rent.
      2701 S Saturn Way, Boise, ID 83709
      View Details
    • $1,400 /Mo

      Falcon Storage Condos For Lease

      Commercial grade storage condos with clubhouse and restrooms for lease.
      Storage Condos For Lease, Boise, ID 83709
      View Details
    • $16 SF/Yr
      6,810 SF

      Boise Industrial Condos For Lease

      High-quality storage condos in Boise, ID.
      2007 Saturn Way, Boise, ID 83709
      View Details
    • $20 SF/Yr
      10,750 SF

      Boise Retail Space: Overland Rd.

      High-traffic retail space in booming SW Boise.
      8915 Overland Rd, Boise, ID 83709
      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.
    6803 Overland Rd
    Boise, ID 83709-1906
    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.