Calculate cap rates and net operating income for commercial properties in Idaho. Compare your results against Idaho's secondary market benchmarks sourced from CBRE H2 2025.
Boise has emerged as one of the fastest-growing metros in the US, driven by California migration, technology company relocations, and a low cost of living. The Treasure Valley (Boise-Nampa-Meridian) has seen significant multifamily and industrial investment. Cap rates compressed significantly during 2020–2022 and have since stabilized at competitive secondary-market levels.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.5% | 7.0% |
| Industrial | 6.0% | 7.5% |
| Retail | 6.0% | 8.0% |
| Office | 6.5% | 8.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Idaho cap rates typically range from 5.5–7.0% for multifamily, 6.0–7.5% for industrial, 6.0–8.0% for retail, and 6.5–8.5% for office. Boise's Treasure Valley has the most competitive rates, driven by strong population growth and corporate relocations from higher-cost states.
Boise has attracted significant in-migration from California, Washington, and other western states seeking lower costs of living, outdoor recreation, and a business-friendly environment. Technology company relocations and expansions have created strong office and industrial demand, making Boise one of the top-performing secondary markets of the 2020s.
Idaho's rapid growth has created some supply-demand imbalances in multifamily (new deliveries softened rents in 2023–2024), and the market is smaller and less liquid than primary metros. Cap rates could expand if migration slows or interest rates remain elevated. The market lacks the institutional depth of larger metros, meaning longer marketing times when selling.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.