Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1463 Commerce Way Idaho Falls, ID 83401

    View on Map
    Claim this Listing
    For Sale
    $2,790,000

    COMMERCIAL - Idaho Falls, ID

    Property size:
    23,916 SF
    Lot size:
    1.87 Acres
    Price / SF:
    $116/SF
    Added:
    Mar 27, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 30 at 1:06 am

    Property Features for 1463 Commerce Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    6
    Rooms
    Bathroom 5, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 2
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RPO7060002001O
    Size
    23,916 SF
    Lot size
    1.87 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 1, BLOCK 2, ST LEON INDUSTRIAL PARK E1/2, SEC 5, T 2N, R38
    Tax Annual Amount
    82978

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Shane Murphy
    Shane Murphy

    Listing agent Shane Murphy License #DB24210

    Listing office Venture One Properties 434 Gladstone, Idaho Falls, ID

    Listing date Mar 27, 2026

    MLS# 2180812

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Idaho Falls Commercial Opportunity

    This commercial property in Idaho Falls, ID, offers 23,916 square feet of space on 1.869 acres. The property includes three well-maintained buildings with access to Highway 20, Highway 26, and I-15. It features an 11,792 square foot, two-story office building with 30 offices and conference areas, along with 12,034 square feet of shop/warehouse space suitable for light industrial or service use. Approximately 70% of the space is currently leased, providing immediate income. The leases are structured for quick extension or termination. This property is ideal for an end user or investor looking to occupy all or part of the property while maintaining or expanding tenant income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U Turn Corporation Big Box & Wholesale Store Front Row Event ... Marketing & Advertising P1 RC Hobbies (Bike/Boat/Book/etc) Store VendTech Big Box & Wholesale Store P1 Autoworks Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Pharmacy Nail Salon Department Store Gym & Fitness Center Food Market Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.0045697
    Latitude
    43.5337175

    Nearby Similar for Sale

    • $600,000
      2,900 SF

      Idaho Falls Multifamily Investment Opportunity

      Three homes on 2.77 acres with reliable rental income.
      1687 E 105th N, Idaho Falls, ID 83401
      View Details
    • $470,000
      1,596 SF

      Medical Office in Idaho Falls

      Turn-key medical office condo in prime Idaho Falls location.
      2860 Channing Way, Idaho Falls, ID 83404
      View Details
    • $2,650,000
      12,300 SF

      Rebuilt Apartments in Downtown Idaho Falls

      Fully rebuilt 16-unit apartment building in downtown Idaho Falls.
      488 D Street, Idaho Falls, ID 83402
      View Details
    • $470,000
      1,596 SF

      Medical Office Condo For Sale

      Turn-key medical office condo in Idaho Falls, move-in ready.
      2860 Channing Way unit: #112, Idaho Falls, ID 83404
      View Details
    • $399,000
      2,020 SF

      Idaho Falls Turnkey Duplex

      Updated duplex in Idaho Falls, ideal for investors or owner-occupants.
      915 Ada Avenue, Idaho Falls, ID 83402
      View Details
    • $480,000
      2,962 SF

      Idaho Falls Twin Home

      Three-bedroom twin home in Waterford Subdivision, Idaho Falls.
      4058 Tuscany Drive, Idaho Falls, ID 83404
      View Details
    • $1,500,000
      6,337 SF

      Thriving Billiards Bar Opportunity

      Turnkey bar business with potential for music venue or restaurant.
      905 E Lincoln Road, Idaho Falls, ID 83401
      View Details
    • $4,250,000
      22,578 SF

      Renovated Apartment Building Near Riverwalk

      27-unit apartment building in downtown Idaho Falls, renovated in 2022.
      350 E Street, Idaho Falls, ID 83402
      View Details
    • $1,200,000
      5,856 SF

      New Idaho Falls Fourplex

      New fourplex near shopping, restaurants, and schools.
      2400 Virlow, Idaho Falls, ID 83401
      View Details
    • $1,200,000
      5,856 SF

      New Idaho Falls Fourplex

      New fourplex near shopping, restaurants, and schools.
      2416 Virlow, Idaho Falls, ID 83401
      View Details
    • $1,750,000
      5,450 SF

      Idaho Falls Commercial Property

      Commercial property with high visibility and income potential.
      591 E Iona Road, Idaho Falls, ID 83401
      View Details
    • $1,890,000
      4,451 SF

      Idaho Falls Commercial Acreage

      Multi-use commercial property with shops, housing, and development potential.
      4019 E Lincoln Road, Idaho Falls, ID 83401
      View Details

    FAQs

    What type of property is this?
    Flex space - 23,916 SF commercial property on 1.869 acres for sale.
    Where is this flex space located?
    The property is located at 1463 Commerce Way Idaho Falls, ID.
    What is the asking price?
    The asking price for this property is $2,790,000.
    What are key features of this property?
    This property features: Prime location with immediate access to Highway 20, Highway 26, and I‑15; Significant income potential with approximately 70% of the space currently leased; Versatile property suitable for end‑users or investors, allowing occupancy of part or all of the space
    (208) 542-7979
    We can help!
    Listing Contact
    Shane Murphy
    Shane Murphy
    Real Estate License ID: DB24210
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!