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Emerald Square 4355 W Emerald St 38,396 SF 58% Leased Office Building Boise, ID 83706 $7,888,160 CAD ($205.44 CAD/SF)
Investment Highlights
- Income Producing Opportunity - Great for owner/user with income from other tenants.
- Recent Capital Improvements – New Daikin Mammoth 91-ton HVAC RTU installed September 2024, representing a $350,000 capital investment.
- Connector and Downtown Boise, supporting strong tenant demand and regional connectivity.
- Attractive Basis – Offered at $150/SF, below replacement cost, providing a compelling entry point within a high-demand submarket.
- Strategic Boise Bench Location – Positioned on Emerald Street in Boise’s Central Bench submarket, with immediate access to the I-184.
- Embedded Rental Upside – Opportunity to grow NOI by marking in-place rents to market over time, supported by current vacancy and near-term lease roll
Executive Summary
Emerald Square is offered for sale or lease, presenting a compelling investment or owner-user opportunity to occupy a significant portion of the
38,396-square-foot multi-tenant office building while generating income from existing in-place tenants. Currently 56% leased, the property allows
a buyer to step into immediate cash flow and offset occupancy costs with rental revenue, while utilizing available suites ranging from 1,995 to
7,804 square feet. Offered at $5,759,000 ($150/SF),—well below replacement cost—the asset features clear mark-to-market potential and a
defined path to NOI growth through lease-up and rental rate increases, all situated on a 2.43-acre site with R-1C zoning in Boise’s established
Central Bench corridor.
38,396-square-foot multi-tenant office building while generating income from existing in-place tenants. Currently 56% leased, the property allows
a buyer to step into immediate cash flow and offset occupancy costs with rental revenue, while utilizing available suites ranging from 1,995 to
7,804 square feet. Offered at $5,759,000 ($150/SF),—well below replacement cost—the asset features clear mark-to-market potential and a
defined path to NOI growth through lease-up and rental rate increases, all situated on a 2.43-acre site with R-1C zoning in Boise’s established
Central Bench corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
38,396 SF
Building Class
B
Year Built/Renovated
1987/2007
Price
$7,888,160 CAD
Price Per SF
$205.44 CAD
Percent Leased
58%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,198 SF
Slab To Slab
12’
Building FAR
0.36
Lot Size
2.43 AC
Zoning
R-1C - Single Family Residential
Parking
166 Spaces (4.32 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Great central bench location close to the I-184 Connector and Downtown Boise
Central Boise Office Space for Lease
Central Boise Office Space for Lease
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 7,804 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 185 | 1,995 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 2,617-6,936 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 7,804 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 185
| Size |
| 1,995 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 2,617-6,936 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 7,804 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Great central bench location close to the I-184 Connector and Downtown Boise
1st Fl-Ste 185
| Size | 1,995 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Central Boise Office Space for Lease
2nd Fl-Ste 250
| Size | 2,617-6,936 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Central Boise Office Space for Lease
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R7777775514 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $6,373,240 CAD |
Property Taxes
Parcel Number
R7777775514
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,373,240 CAD
Contacts
-
Nick Schuitemaker, CCIM -
Mike Greene CCIM, SIOR -
Peter Oliver CCIM, SIOR -
TOK Commercial
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Emerald Square | 4355 W Emerald St
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