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

    9049 Horseshoe Bnd Rd10-02 Boise, ID 83714-8249

    • Commercial real estate
    • 913 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0522015
    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 9049 Horseshoe Bnd Rd10-02

    Year built
    2016
    Lot size
    0.02 lot acres
    Property size
    913 SF
    Zone code
    BP-DA
    Property type
    Commercial real estate
    APN
    R2817830110
    APU
    R2817830110

    Description

    This exceptional 1,080-square-foot storage condo, located at 9049 N Horseshoe Bend Rd Unit 410 in Boise, Idaho, presents a remarkable investment opportunity. Situated just off Highway 55, this unit offers unparalleled convenience for storing recreational vehicles such as campers, boats, and ATVs, making weekend getaways a breeze. The unit itself measures 24' x 45' and boasts climate-controlled conditions, ensuring the protection of your valuable possessions. Individual private electricity is included, along with on-site water access. Constructed with commercial-grade materials, this unit is built to last. Security is paramount, with 24/7 secure gated access providing peace of mind. The property also features a convenient clubhouse equipped with a kitchen, restrooms, and showers. Currently, a month-to-month tenant occupies the space and their continued tenancy is dependent on the buyer's preference. This property is ideal for personal use or as a rental investment, offering flexibility and potential for strong returns. The asking price for this exceptional storage solution is $275,000.

    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
    -116.317
    Latitude
    43.6898
    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
    $735
    $0.00
    $122,800
    $122,800
    -
    $0.00
    $122,800
    $122,800

    Comparable in this City

    • Value Estimation by Request

      5200 Chinden Blvd

      Land
      5200 Chinden Blvd, Boise, 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, 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
    • 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

    Similar Nearby for Sale

    • $550,000
      0.69 Acres

      Garden City Commercial Land - $550K

      Prime 0.689-acre commercial lot in Garden City, ID.
      123 39Th St, Garden City, ID 83714
      View Details
    • $7,000,000
      90.10 Acres

      Boise Residential Land - 90 Acres

      Prime Boise development land, 90 acres, 88 lots approved.
      7614 Pierce Park Ln, Boise, ID 83714
      View Details
    • Contact for pricing
      6,352 SF

      Medical Office Space Available

      Medical office space with exam rooms and sinks for sale.
      801 N Stilson Rd, Boise, ID 83714
      View Details
    • Contact for pricing
      14,480 SF

      Retail Property in High-Traffic Area

      Located in a rapidly growing area with high traffic counts.
      6725 N Glenwood St, Boise, ID 83714
      View Details
    • Contact for pricing

      Boise Mobile Home in Park

      Well-maintained home in desirable Boise mobile home park.
      10601 N Horseshoe Bend Rd, Boise, ID 83714
      View Details
    • $2,250,000
      0.63 Acres

      Garden City Land Development Opportunity

      Approved development for 13 townhouses near the Green Belt.
      406 E 48Th St, Garden City, ID 83714
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      103,000 SF

      Glenwood City Centre Retail Space

      Garden City retail space, multiple units available.
      4977 Glenwood St, Garden City, ID 83714
      View Details
    • $18 SF/Yr

      Modern Office/Flex Space For Rent

      Class A property with modern improvements and convenient location.
      113 W 43Rd St, Garden City, ID 83714
      View Details
    • Contact for pricing
      1,070 SF

      Boise Retail Space For Lease

      Albertson’s anchored center with drive-thru and restaurant spaces available.
      6906-7158 W State St, Boise, ID 83714
      View Details
    • $37 SF/Yr
      3,701 SF

      Medical Office Sublease Opportunity

      3,701 SF medical office space for sublease in Garden City.
      Garden City, ID 83714
      View Details
    • Contact for pricing
      19,806 SF

      Warehouse with Yard and Parking

      Single tenant warehouse with parking, yard, and fire sprinklers.
      5311 N Glenwood St, Garden City, ID 83714
      View Details
    • Contact for pricing
      30,492 SF

      Boise Commercial Land for Lease

      0.7-acre lot, prime Garden City location.
      5200 Chinden Blvd, Boise, ID 83714
      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.
    9049 Horseshoe Bnd Rd10-02
    Boise, ID 83714-8249
    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.