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    8529 W State St Garden City, ID 83714
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    Property profile & analytics

    8529 W State St Garden City, ID 83714

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    • Commercial real estate
    • 4,814 SF
    • 1.09 lot acres
    For Sale
    $1,264,200
    View Listing →
    Versatile Building on State Street For Sale
    $1,264,200
    2,300 SF

    Versatile Building on State Street

    2,300 SF building on 1.085-acre parcel with surplus land.

    8529 W State Street, Garden City, ID 83714
    View Listing
    Property ID
    US27-0147629
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8529 W State St

    Year built
    1969
    Lot size
    1.09 lot acres
    Property size
    4,814 SF
    Zone code
    C-2
    Property type
    Commercial real estate
    APN
    R8123251888
    APU
    R8123251888

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $995,000
      6.5%
      $920,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $715,000
      Market price range: $216k - $875k

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Ada
    State
    Idaho
    Longitude
    -116.292
    Latitude
    43.6741
    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
    $7,410
    $529,300
    $535,200
    $1,064,500
    -
    $529,300
    $535,200
    $1,064,500

    Comparable in this City

    • Value Estimation by Request

      5200 Chinden Blvd

      Land
      5200 Chinden Blvd, Boise, ID 83714
      View Details
    • Value Estimation
      $515,000
      2.75 Acres

      406 44th St

      COMMERCIAL (GENERAL) • 2.75 Acres
      406 44th St, Garden City, ID 83714-4881
      View Details
    • Value Estimation by Request

      Varies

      COMMERCIAL (GENERAL)
      Varies, Garden City, ID 83714
      View Details
    • Value Estimation by Request

      Varies

      COMMERCIAL (GENERAL)
      Varies, Garden City, ID 83714
      View Details
    • Value Estimation by Request

      Varies

      COMMERCIAL (GENERAL)
      Varies, Boise, ID 83714
      View Details
    • Value Estimation by Request

      Varies

      COMMERCIAL (GENERAL)
      Varies, Boise, ID 83714
      View Details

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    • Contact for pricing
      22,500 SF

      Large Retail Space For Sale

      Spacious property in a high-density area, suitable for various uses.
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      Garden City Freestanding Restaurant Opportunity

      Freestanding restaurant building in high-visibility Garden City location.
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      Retail Property in High-Traffic Area

      Located in a rapidly growing area with high traffic counts.
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      Commercial Land on Chinden Blvd

      Prime commercial land for sale in Garden City, Idaho.
      W Chinden Blvd, Garden City, ID 83714
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    • $1,999,000
      0.63 Acres

      Garden City Land Development Opportunity

      Approved development site for 13 townhouses near Boise River.
      406 E 48Th St, Garden City, ID 83714
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    • $1,499,999
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      Garden City Townhome Development Land

      Approved 11-unit townhome development site near Boise Greenbelt.
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Commercial Space Available

      Fully renovated commercial space available immediately after interior and exterior renovation.
      107 E 40Th St, Boise, ID 83714
      View Details
    • $25 SF/Yr
      1,600 SF

      Retail Space Near Wal-Mart

      Retail space anchored by Wal-Mart with high visitor traffic.
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      View Details
    • $2,500 /Mo
      532 SF

      High-Visibility Commercial Lot on Chinden Blvd

      Commercial lot for lease in a high-traffic area.
      Retail/Office Bldg For Lease, Garden City, ID 83714
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    • $1.50 SF/Yr

      Remodeled Flex Space with Upgrades

      Modern, fully remodeled flex space with high-tech upgrades and ample power.
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    • Contact for pricing

      Freestanding Restaurant on Chinden Blvd

      Prime restaurant space with high visibility and ample parking.
      8121 W Chinden Blvd, Garden City, ID 83714
      View Details
    • $0.10 SF/Yr

      Garden City Prime Land Sublease

      1.22 acres of land for sublease in Garden City.
      Prime Land For Sublease, Garden City, ID 83714
      View Details

    Property Visit Statistics

    • Visits by month
      16.2k
    • Visitors by month
      11.9k
    • Avg Time on site
      9 min
    View Listing
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    8529 W State St
    Garden City, ID 83714
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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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    8529 W State St, Garden City, ID, 83714
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