420 Five Mile RdBoise, ID 83704

For Sale
  • Commercial real estate
  • 63,052 SF

Property Details for 420 Five Mile Rd

Year built
1981
Lot size
9.67 AC
Property size (Sq ft)
63,052 SF
Zone code
M-1D
Property type
Commercial real estate
APN
S1111325705
APU
S1111325705

Description

This exceptional Class A industrial property, located at 420 N Five Mile Rd, Boise, ID 83704, offers 64,000 square feet of space within a single building on a 9.67-acre lot. Built in 1978, the property features a 27-foot ceiling height, multiple loading docks, and a robust electrical infrastructure suitable for heavy machinery. The M1-D industrial zoning allows for a wide range of uses, including manufacturing, warehousing, and distribution. Its strategic location provides unparalleled accessibility, situated just seven miles from downtown Boise and the Boise Airport, with easy access to I-84 and rail service. The property includes approximately 3.68 acres of additional land, presenting significant potential for expansion or redevelopment. The site boasts drive-around capabilities and a partially fenced perimeter. Currently, portions of the building are leased, with the existing tenants vacating upon closing. This fee-simple ownership opportunity presents a unique chance to acquire a well-located, versatile industrial property in a thriving market. The property's ample yard space, excellent access to major transportation arteries, and robust infrastructure make it an attractive option for a variety of industrial operations. The existing lease agreements provide a potential income stream until closing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,346,871
    Hospitality
    $11,309,668
    Educational
    $9,409,511
    Medical
    $9,733,118
    Retail
    $14,637,017
420 Five Mile Rd, Boise, Idaho

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.6085
Longitude
-116.312
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
$60,299
$2,443,400
$5,684,900
$8,128,300
-
$2,443,400
$5,684,900
$8,128,300

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