Add Listing
    For Sale
    • 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

    2684 So 2000 W, Unit 2 Rexburg, ID 83440

    View on Map
    Sponsored
    Pending
    $450,000

    COMMERCIAL - Rexburg, ID

    Property size:
    2,900 SF
    Lot size:
    0.07 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 11:06 pm

    Property Features for 2684 So 2000 W

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    RP05N39E015100
    Parking
    4
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Size
    2,900 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Radiant, Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    2005
    Floors in Building
    1
    Building materials
    Frame, Log Siding, Vinyl Siding

    We can help!

    Listing Contact
    Ted Whyte
    Ted Whyte

    Century 21 High Desert- Rexburg

    Listing agent Ted Whyte

    Listing date Mar 27, 2026

    MLS# 2185093

    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.

    Learn more

    Property Insight Report

    Overview

    Rexburg Commercial Shop with Offices

    Located near Rexburg, this 2900-square-foot commercial property features a fully sheet-rocked and newly painted shop area. It includes a workshop suitable for hobbies and projects, with ample space for large vehicles such as trucks, buses, trailers, and motorhomes. The property is equipped with a gas overhead radiant heater and a large overhead door with an electric door opener. It also contains two offices and one bathroom. The property sits on a 0.07-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.8150009
    Latitude
    43.7910961

    Nearby Similar for Sale

    • New
      $689,000
      7,200 SF

      Historic Rexburg Mixed-Use Investment

      Prime mixed-use property in historic downtown Rexburg, Idaho.
      36 E Main St, Rexburg, ID 83440
      View Details
    • $500,000
      7,500 SF

      Rexburg Mixed-Use Industrial Property

      Mixed-use industrial property in central Rexburg with two buildings.
      164 W 1St N, Rexburg, ID 83440
      View Details
    • $499,000
      3,256 SF

      Rexburg Multi-Family Home

      Low-maintenance living near BYU-Idaho, shopping, and dining.
      614 Eaglewood Dr, Rexburg, ID 83440
      View Details
    • $519,000
      3,412 SF

      Renovated Rexburg Duplex with Charm

      Renovated 1920s bungalow duplex in Rexburg, Idaho.
      115 E 1St N, Rexburg, ID 83440
      View Details
    • $699,000
      4,377 SF

      Rexburg Fourplex with Garage

      Well-maintained Rexburg fourplex with separate garage and income potential.
      236 N 3Rd E, Rexburg, ID 83440
      View Details
    • $415,000
      1,456 SF

      Rexburg Duplex Near BYU-Idaho

      Turnkey duplex investment property near BYU-Idaho and Porter Park.
      318 S 3Rd W, Rexburg, ID 83440
      View Details
    • $754,000
      4,010 SF

      Massive Duplex Near Campus

      Remodeled duplex near campus and hospital with high-end upgrades.
      75 S 3Rd E, Rexburg, ID 83440
      View Details
    • $1,590,000
      4,160 SF

      Rosewood Townhomes: Rexburg Investment Opportunity

      New townhomes near BYU Idaho, ideal for students/homebuyers.
      64 N 3Rd W, Rexburg, ID 83440
      View Details
    • Contact for pricing
      2,734 SF

      Spacious Home on Acreage

      4-bedroom home on 2.37 acres near Rexburg.
      4671 N 495 W, Rexburg, ID 83440
      View Details
    • $530,000
      3,686 SF

      Twin Home in Eaglewood Subdivision

      Well-maintained twin home near campus with low-maintenance living.
      326 Eagle Smt St, Rexburg, ID 83440
      View Details
    • $2,100,000
      915 SF

      Rexburg Multifamily Investment Opportunity

      Investment opportunity near BYU-Idaho with steady rental income potential.
      425 Harvard Ave, Rexburg, ID 83440
      View Details
    • $8,499,000
      23,296 SF

      Rosewood Townhomes Investment Opportunity

      Multifamily property near BYU Idaho and Porter Park.
      52 N 3Rd W, Rexburg, ID 83440
      View Details

    FAQs

    What type of property is this?
    Flex space - Shop with offices, radiant heat, and large overhead door.
    Where is this flex space located?
    The property is located at 2684 So 2000 W, Unit 2 Rexburg, ID.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Large shop with ample space for trucks, buses, trailers, and motorhomes.; - Includes a gas overhead radiant heater.; - Features a large overhead door with an electric opener.
    (208) 356-0588
    Request Owner's contact information
    2684 So 2000 W, Unit 2 Rexburg, ID 83440
    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.
    2684 So 2000 W, Unit 2
    Rexburg, ID 83440
    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
    2684 So 2000 W, Unit 2 Rexburg, ID 83440
    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
    Ted Whyte
    Ted Whyte
    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!