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Property profile & analytics
OFF-MARKET
Estimated value
$16,770,000
Commercial real estate
720 Park Blvd Boise, ID 83712-7758
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US27-0203900
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
635,403 SF
Lot
23.42 ac (1,020,045 SF)
Zoning code
C-1D
APN
R1088500195
UPID
US27-0203900
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Park center apartments Apartment Building
-
Taylor Boettiger Physician
-
Dr. Peter Cliften Physician
-
Maria Ewings Physician
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.77M
Owner & transaction history
Broadway Park Holdings LLC · 8 yrs held
Broadway Park Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-1D · Boise, ID
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boise submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$26 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$887,317
Tax year 2022
Assessed value
$115,929,400
Assessed 2023
Previous assessed
$102,335,500
+13.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$17,340,800
Assessed improvement
$98,588,600
Land market value
$17,340,800
Improvement market value
$98,588,600
Total market value
$115,929,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
4
Stories
7
Total area
635,403 SF
Lot
23.42 ac (1,020,045 SF)
Zoning code
C-1D
APN
R1088500195
UPID
US27-0203900
Jurisdiction
ADA
Zoning & alternative use
C-1D · Boise, IDZoning C-1D · permitted uses
C-1D · Boise, ID
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
7
Buildings
4
Lot
23.42 ac
Current owner
From public records · entity-resolved
Broadway Park Holdings LLC
Entity
Mailing address
4904 N MTN SIDE LN, BOISE, ID 83702-5081
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2018
—
Broadway Park Holdings LLC
Sccp Boise Outlot LP
Grant Deed
related
$70,000,000 · Keybank USA
Sep 28, 2012
—
Warner,mark B
Ramona M Warner
Quit Claim Deed
related
—
Oct 26, 2010
—
Mk Plaza Trust
—
Deed Of Trust
related
$19,500,000 · Goldman Sachs Comm'l Mtg Cap
Mar 6, 2009
$1,040,000
Patra Properties LLC
Pioneer Lender Te Svcs LLC
Foreclosure
—
Mar 17, 2008
—
Nine Sixteen LLC
—
Deed Of Trust
related
$500,000 · Idaho Tr Nat'l Bk
Jul 31, 2007
—
Nine Sixteen LLC
—
Deed Of Trust
related
$152,400 · Bank Of The Cascades
Dec 1, 2005
—
Nine Sixteen LLC
5b Parkcenter Plaza
Grant Deed
$1,040,000 · Farmers & Merchants St Bk
—
—
Quasar Dev LLC
—
Deed Of Trust
related
$450,000 · Geraldine A Edwards
—
—
Mk Plaza Trust
—
Deed Of Trust
related
$20,000,000 · General Electric Capital Corp
—
—
916 Park LLC
—
Deed Of Trust
related
$7,012,900 · Dougherty Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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