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1110 N Five Mile Rd 8,290 SF 100% Leased Office Building Boise, ID 83713 $2,200,000 ($265.38/SF) 6.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic from N Five Mile Rd.
- Road-side signage offering strong visibility.
- Recently renovated as of September 2025.
EXECUTIVE SUMMARY
Exceptional Investment Opportunity | Nearly 6% Cap Rate – Boise, Idaho
Presenting a Class A office building in Boise with a strong investment profile and nearly a 6% cap rate. Recently renovated throughout (completed September), this property offers modern upgrades, functional layouts, and excellent tenant appeal.
Key Highlights:
Prime Location: Situated on Five Mile Road, a high-traffic corridor providing strong visibility and signage opportunities for tenants.
Property Features: Well-maintained landscaping, ample on-site parking, and professional curb appeal.
Tenant Mix: Currently leased to six tenants, including a primary anchor tenant who occupies the majority of the building and carries significant CAM charges.
Leasing Stability: Two additional full office suites on the west side feature newly executed long-term leases. Smaller office tenants in the main building are on short-term agreements (month-to-month or 6-month leases), with minimal risk of income disruption as the anchor tenant has expressed interest in absorbing any vacated space.
Confidential financials, including leases and APOD, are available upon execution of a confidentiality agreement. A virtual tour link is also provided below for convenient viewing.
Presenting a Class A office building in Boise with a strong investment profile and nearly a 6% cap rate. Recently renovated throughout (completed September), this property offers modern upgrades, functional layouts, and excellent tenant appeal.
Key Highlights:
Prime Location: Situated on Five Mile Road, a high-traffic corridor providing strong visibility and signage opportunities for tenants.
Property Features: Well-maintained landscaping, ample on-site parking, and professional curb appeal.
Tenant Mix: Currently leased to six tenants, including a primary anchor tenant who occupies the majority of the building and carries significant CAM charges.
Leasing Stability: Two additional full office suites on the west side feature newly executed long-term leases. Smaller office tenants in the main building are on short-term agreements (month-to-month or 6-month leases), with minimal risk of income disruption as the anchor tenant has expressed interest in absorbing any vacated space.
Confidential financials, including leases and APOD, are available upon execution of a confidentiality agreement. A virtual tour link is also provided below for convenient viewing.
DATA ROOM Click Here to Access
- Market Information
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
8,290 SF
Building Class
C
Year Built
1997
Price
$2,200,000
Price Per SF
$265.38
Cap Rate
6.10%
NOI
$134,090
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,290 SF
Building FAR
0.21
Lot Size
0.91 AC
Zoning
L-OD - Office space off of Five mile surrounded by residential homes with other commercial spaces down the road.
Parking
40 Spaces (4.83 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
1 1
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
12,945
100,874
260,511
2024 Population
12,962
105,570
272,766
Population Growth '20-'24
0.1%
4.7%
4.7%
2020 Households
5,127
38,754
101,539
2024 Households
5,129
40,730
106,362
Household Growth '20-'24
0.0%
5.1%
4.8%
Average Age
39
40
40
Median Household Income
$61,521
$69,652
$73,176
Daytime Employees
8,132
85,426
151,823
Total Businesses
756
8,517
17,629
College Degree + Higher
20%
31%
35%
PROPERTY TAXES
| Parcel Number | S1111233955 | Total Assessment | $1,734,100 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
S1111233955
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,734,100 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
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1110 N Five Mile Rd
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