4477 W Emerald St - Office FOR SALE


Boise, ID 83706- Morris Hill
$2,785,000 USD
208-947-0802
4477 W Emerald St, Boise, ID for Sale
$2,785,000 USD
Office - FOR SALE
1/25
null | 6.6% Cap Rate

4477 W Emerald St
Boise, ID 83706
Morris Hill


HIGHLIGHTS

  • Located in Boise’s Central Bench submarket, Emerald Court offers exceptional connectivity to Downtown Boise, Meridian, and the greater Treasure Valley

OVERVIEW

Emerald Court is a centrally located multi-tenant office investment property located at 4477 W Emerald Street in Boise’s Central Bench submarket. The 19,531 square foot building sits on 1.67 acres and offers strong visibility along Emerald Street with convenient access to Downtown Boise and the I-184 Connector. The property is 100% leased to a diverse mix of professional and service-oriented tenants, providing stable in-place income. With its central location, consistent tenancy, and proximity to major employment corridors, Emerald Court offers investors a stable office asset with long-term income potential in the Boise market. Stabilized In-Place Cash Flow with Upside: The property is 100% leased and generates $184,030 in NOI, offering immediate income at a 6.6% cap rate, with near-term lease rollover and below-market rents providing potential for future rent growth. Well-Located Multi-Tenant Office Asset: The 19,531 SF building sits on 1.67 acres and features flexible suite configurations and strong street visibility, supporting long-term functionality and broad tenant demand. Diverse and Stable Tenant Base: The property is fully leased to a mix of professional, medical, and service-oriented tenants, providing consistent occupancy and reducing reliance on any single tenant or industry. Central Boise Location with Strong Connectivity: The site offers prominent frontage along Emerald Street with convenient access to Downtown Boise and the I-184 Connector, supporting tenant retention and long-term leasing demand. Ample and Convenient On-Site Parking: Generous surface parking with easy ingress and egress enhances accessibility for both tenants and their clients, accommodating a variety of office and medical users. Near-term lease expirations allow the buyer to mark rents to market, driving a pro forma cap rate of 7.5%.

FOR SALE DETAILS

PRICE

$2,785,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Court Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C-2D

APN/PARCEL ID

R7777775592

ASK ABOUT THIS PROPERTY

Nick Schuitemaker, CCIMTOK CommercialMore Info
208-947-0802

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Nick Schuitemaker, CCIMTOK CommercialMore Info
208-947-0802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.