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Emerald Court Building 4477 W Emerald St 19,531 SF 100% Leased Office Building Boise, ID 83706 $3,822,357 CAD ($195.71 CAD/SF) 6.61% Cap Rate
Investment Highlights
- 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
- Diverse and Stable Tenant Base: The property is fully leased to a mix of professional, medical, and service-oriented tenants
- Ample and Convenient On-Site Parking: Generous surface parking with easy ingress and egress enhances accessibility for both tenants and their clients
- Well-Located Multi-Tenant Office Asset: The 19,531 SF building sits on 1.67 acres and features flexible suite configurations and strong visibility
- Central Boise Location with Strong Connectivity: The site offers prominent frontage along Emerald Street with convenient access to Downtown Boise
- Near-term lease expirations allow the buyer to mark rents to market, driving a pro forma cap rate of 7.5%
Executive Summary
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.
Located in Boise’s Central Bench submarket, Emerald Court offers exceptional connectivity to Downtown Boise, Meridian, and the greater Treasure Valley via the nearby I-184 Connector. The property is surrounded by a strong mix of retail, dining, healthcare, and neighborhood amenities, supporting long-term tenant demand and occupancy stability. The Boise market continues to experience strong economic and population growth, with a diverse employment base spanning technology, healthcare, education, and professional services.
Located in Boise’s Central Bench submarket, Emerald Court offers exceptional connectivity to Downtown Boise, Meridian, and the greater Treasure Valley via the nearby I-184 Connector. The property is surrounded by a strong mix of retail, dining, healthcare, and neighborhood amenities, supporting long-term tenant demand and occupancy stability. The Boise market continues to experience strong economic and population growth, with a diverse employment base spanning technology, healthcare, education, and professional services.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,531 SF
Building Class
B
Year Built
1979
Price
$3,822,357 CAD
Price Per SF
$195.71 CAD
Cap Rate
6.61%
NOI
$252,578 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,766 SF
Slab To Slab
11’
Building FAR
0.27
Lot Size
1.69 AC
Zoning
C-2D
Parking
98 Spaces (5.02 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R7777775592 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,321,813 CAD |
Property Taxes
Parcel Number
R7777775592
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,321,813 CAD
Contacts
-
Nick Schuitemaker, CCIM -
Mike Greene CCIM, SIOR -
Peter Oliver CCIM, SIOR -
TOK Commercial
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Emerald Court Building | 4477 W Emerald St
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