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Emerald Medical Plaza 6565 W Emerald St 13,047 SF Office Building Boise, ID 83704 $4,300,000 ($329.58/SF) 6.48% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new roof
- Exposure to Emerald Street
- Potential for additional development
- Long term tenancy (2012)
- Adjacent to St. Al's campus
- New 5-year NNN Lease with 3% annual increases, commencing 8/1/2025
EXECUTIVE SUMMARY
TOK is pleased to offer for sale this fully occupied single tenant medical office building. 6565 W Emerald St is a 13,047 square foot single story building with a basement, occupied and leased by Full Circle Health Emerald Clinic since 2012. The property was remodeled in 2017, with a brand new roof in May of 2025. Situated on 1.7 acres, the property offers ample parking; and high exposure to Emerald St. The property is well located off I-84 and adjacent to the St. Alphonsus campus.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,047 SF
Building Class
C
Year Built
1977
Price
$4,300,000
Price Per SF
$329.58
Cap Rate
6.48%
NOI
$278,814
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,047 SF
Building FAR
0.18
Lot Size
1.70 AC
Opportunity Zone
Yes
Zoning
MX-1 - Limited Office District
Parking
80 Spaces (6.13 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | R1097503350 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,239,700 |
PROPERTY TAXES
Parcel Number
R1097503350
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,239,700
CONTACTS
-
Nick Schuitemaker, CCIM -
Mike Greene CCIM, SIOR -
Peter Oliver CCIM, SIOR -
TOK Commercial
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Emerald Medical Plaza | 6565 W Emerald St
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