Multi-Building Office and Shop
1463 Commerce Way Idaho Falls, ID 83401
New
1463 Commerce Way, Idaho Falls, ID, 83401
$2,790,000
For Sale
$2,790,000
COMMERCIAL - Idaho Falls, ID
Property Size23,916 SF
Lot Size1.87 Acres
Price / SF$116.66
Days on Market7
Property Features for 1463 Commerce Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 4
- 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
Listing Agency
Venture One Properties
(208) 542-7979
434 Gladstone, Idaho Falls, ID
Listed by
Shane Murphy · License #DB24210
(208) 542-7979
Added: Jul 10 Checked: Jul 16 at 9:06 pm
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.
Investment Insights
Based on property information with market context.
The property consists of three well-maintained buildings totaling 23,916 square feet on 1.869 acres. An 11,792-square-foot, two-story office building includes 30 offices along with conference areas. The remaining 12,034 square feet is comprised of shop/warehouse space suited for light industrial or service use. Approximately 70% of the overall space is leased.
The site provides access to Highway 20, Highway 26, and I-15, supporting practical connectivity for business operations. Leases are structured for quick extension or termination, offering flexibility for an end user or investor looking to occupy all or part of the property while maintaining or adjusting tenant income.
The site provides access to Highway 20, Highway 26, and I-15, supporting practical connectivity for business operations. Leases are structured for quick extension or termination, offering flexibility for an end user or investor looking to occupy all or part of the property while maintaining or adjusting tenant income.
Key Highlights
- 23,916 SF on 1.869 acres in the Idaho Falls market, with access to Highway 20, Highway 26, and I‑15
- Includes an 11,792 SF 2‑story office building with 30 offices and conference areas
- Also features 12,034 SF of shop/warehouse space suited for light industrial or service use
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.9k | $10.20 |
| − Vacancy | −$17.1k | −$0.71 |
| EGI | $226.9k | $9.49 |
| − OpEx | −$79.4k | −$3.32 |
| NOI | $147.5k | $6.17 |
23,916 SF · lease $10.20/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$3.70M
$3.24M – $4.32M
NOI $259,154 @ 7.0% cap · market cap 9.29%
Second Best
Flex RnD
$2.11M
$1.84M – $2.46M
NOI $147,464 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,875 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Three-building campus offers a two-story office with 30 offices and conference areas plus shop/warehouse space.
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: 23,916 SF on 1.869 acres in the Idaho Falls market, with access to Highway 20, Highway 26, and I‑15; Includes an 11,792 SF 2‑story office building with 30 offices and conference areas; Also features 12,034 SF of shop/warehouse space suited for light industrial or service use
