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

    151 3Rd Ave, Unit 103 Pocatello, ID 83204

    View on Map
    Sponsored
    For Lease
    $16 SF/Yr ($2,506 /Mo)

    Lease - Pocatello, ID

    Property size:
    1,880 SF
    Lot size:
    0.50 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 18 at 10:06 am

    Property Features for 151 3Rd Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial General
    Size
    1,880 SF
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Gil Judkins
    Gil Judkins

    Premier Properties (208) 232-5025

    Listing agent Gil Judkins (208) 232-5025

    Listing date Mar 17, 2026

    MLS# 581945 Listing URL

    Copyright © 2026 Greater Pocatello Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pocatello Office Space Available

    This main floor office space in Pocatello, Idaho, features 4 offices, a break room area, and a conference room. The suite offers approximately 1880 square feet of space and is move-in ready. Recent updates include brand-new carpet and updated lighting. New mini splits have been installed for heating and cooling. The property is zoned for commercial general use. Additional space is available; this office can be combined with suite 100 for an additional 1900 square feet and 6 office spaces. A monthly CAM charge of $0.45 per square foot covers utilities and parking lot maintenance. The property is situated on a lot of approximately 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brent Gordon Law Law Firm Webber Law Offices Law Firm Ridgeline Counseling Counselor Cooper & Larsen Cooper-Larsen.com Law Firm Hearn Law PLC Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pocatello
    County
    Bingham
    State
    Idaho
    Longitude
    -112.44626
    Latitude
    42.865488

    Nearby Similar for Lease

    • New
      $16 SF/Yr
      1,900 SF

      Pocatello Office Space for Lease

      Main level office space with recent updates and ample parking.
      151 3Rd Ave, Pocatello, ID 83204
      View Details
    • New
      $10 SF/Yr
      8,500 SF

      Pocatello Office Space For Lease

      8500 sq ft of vacant office space available for lease.
      151 3Rd Ave, Pocatello, ID 83204
      View Details
    • $2,900 /Mo
      4,258 SF

      Pocatello Office Space For Lease

      Large office space with utilities included in rent!
      611 Wilson Ave, Pocatello, ID 83201
      View Details
    • $1,900 /Mo
      2,718 SF

      Retail Space in Pocatello, ID

      Retail space available for lease on Jefferson, Pocatello, ID.
      164 Jefferson Ave, Pocatello, ID 83201
      View Details
    • $1,215 /Mo
      1,080 SF

      Pocatello Retail/Office Space For Lease

      Updated retail or office space with Yellowstone frontage and parking.
      344 Yellowstone Ave, Pocatello, ID 83201
      View Details
    • $2,200 /Mo
      7,000 SF

      Pocatello Mixed-Use Commercial Building

      7,000 SF mixed-use building with retail, living, and industrial space.
      1625 N 2Nd Ave, Pocatello, ID 83201
      View Details
    • $1,300 /Mo
      1,100 SF

      Pocatello Office Space For Lease

      Move-in ready office space with parking in central Pocatello.
      812 E Clark St, Pocatello, ID 83201
      View Details
    • New
      $14 SF/Yr
      733 SF

      Pocatello Office Space For Lease

      Turn-key office space available for lease in Pocatello, Idaho.
      151 3Rd Ave, Pocatello, ID 83204
      View Details
    • $2,200 /Mo
      1,650 SF

      Retail Space in Crossings Plaza

      Retail space for lease on Yellowstone Avenue in Pocatello.
      1023 Yellowstone Ave, Pocatello, ID 83202
      View Details
    • $3,400 /Mo
      3,286 SF

      Pocatello Industrial Property with Showroom

      Industrial property with showroom, office, shop area, and parking.
      610 Industrial Ln, Pocatello, ID 83201
      View Details
    • $750 /Mo
      892 SF

      Pocatello Office Space For Lease

      Office space for lease in a fantastic Pocatello location.
      611 Wilson Ave, Pocatello, ID 83201
      View Details
    • New
      $2,750 /Mo
      3,040 SF

      Versatile Commercial Space in Pocatello

      Functional flex space with office and warehouse areas for lease.
      322 Griffith Warehouse Only, Pocatello, ID 83201
      View Details

    FAQs

    What type of property is this?
    Office units - Main floor office space with conference room and break area.
    Where is this office units located?
    The property is located at 151 3Rd Ave, Unit 103 Pocatello, ID.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready office space with brand-new carpet and updated lighting.; - Includes 4 private offices, a break room, and a conference room.; - New mini-splits provide efficient heating and cooling.
    (208) 251-1780
    Request Owner's contact information
    151 3Rd Ave, Unit 103 Pocatello, ID 83204
    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.
    151 3Rd Ave, Unit 103
    Pocatello, ID 83204
    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
    151 3Rd Ave, Unit 103 Pocatello, ID 83204
    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

    We can help!
    Listing Contact
    Gil Judkins
    Gil Judkins
    Real Estate License ID: SP22346
    (208) 251-1780 (208) 232-5025
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!