Sign Up Successful!
You now have access to more from Realmo!
    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

    2691 S Yellowstone Hwy, Unit 205 Rexburg, ID 83440

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Rexburg, ID

    Property size:
    3,000 SF
    Days on Market:
    179
    Last Refresh:
    Feb 7 at 10:06 pm

    Property Features for 2691 S Yellowstone Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    Accessibility
    Accessible Approach with Ramp
    Size
    3,000 SF

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Well

    Building Details

    Year built
    2023
    Floors in Building
    1
    Flooring type
    Floor thickness-6
    Roof type
    Metal

    We can help!

    Listing Contact
    Jared Horsley

    Silvercreek Realty Group (208) 377-0422

    Listing agent Jared Horsley (208) 705-7724

    Listing date Aug 13, 2025

    MLS# 2176360

    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 Flex/Office Space

    This commercial space, located south of Rexburg, offers 3000 square feet suitable for various business operations. The property features both office and restroom facilities. Access is provided through a man door leading to the office area and another to a separate shop area. A 12x14 shop door facilitates access for larger items. Parking is available for two vehicles. The property's zoning accommodates light manufacturing. Signage opportunities are available, offering visibility from both Highway 20 and Yellowstone Highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.8194619
    Latitude
    43.79080846

    Nearby Similar for Lease

    • Contact for pricing
      9,463 SF

      Modern Retail Space in Rexburg

      Premier retail/office space in high-visibility location, built in 2022.
      870 N 2Nd E, Rexburg, ID 83440
      View Details
    • Contact for pricing
      10,501 SF

      Rexburg Office Space Available

      Office space available for lease in Rexburg, Idaho.
      346 Grand Loop, Rexburg, ID 83440
      View Details
    • Contact for pricing
      4,850 SF

      Rexburg Commercial Flex/Industrial Space

      Flex/industrial space with high traffic exposure and highway access.
      2741 S 2000 W, Rexburg, ID 83440
      View Details
    • Contact for pricing
      3,000 SF

      Rexburg Commercial Space For Rent

      3000 sq ft commercial space south of Rexburg.
      2691 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • Contact for pricing
      9,000 SF

      New Class A Industrial Warehouse

      9,000 SF Class A industrial warehouse with flexible tenant options.
      2692 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $16 SF/Yr
      3,744 SF

      Rexburg Single-Tenant Office Building

      Functional office space with showroom, storage, and central location.
      320 N 3Rd E, Rexburg, ID 83440
      View Details
    • Contact for pricing
      16,375 SF

      Rexburg Retail Center Space Available

      Retail and medical space for lease in growing Rexburg area.
      125 Valley River Dr, Rexburg, ID 83440
      View Details
    • Contact for pricing
      3,200 SF

      Prime Commercial Space in Rexburg

      High-visibility Rexburg commercial space near amenities and Highway 20.
      1165 Summers Dr, Rexburg, ID 83440
      View Details
    • $42 SF/Yr
      2,200 SF

      Rexburg Retail Space with Drive-Thru

      Freestanding retail sublease with drive-thru in grocery-anchored center.
      568 North 2Nd East, Rexburg, ID 83440
      View Details
    • $42 SF/Yr
      2,200 SF

      Rexburg Retail: Drive-Thru Restaurant

      Prime Rexburg location, ±2,200 SF, drive-thru.
      568 2Nd, Rexburg, ID 83440
      View Details
    • Contact for pricing
      14,000 SF

      Turnkey Call Center in Rexburg

      Prime location near BYU-I, ideal for various business needs.
      19 College Ave, Rexburg, ID 83440
      View Details
    • Contact for pricing
      143,800 SF

      Valley River Center Office Space

      Rexburg, ID Executive Office Suites
      125 Valley River Dr, Rexburg, ID 83440
      View Details

    FAQs

    What type of property is this?
    Flex space - 3000 sq ft flex/office space in Rexburg, ID.
    Where is this flex space located?
    The property is located at 2691 S Yellowstone Hwy, Unit 205 Rexburg, ID.
    What are key features of this property?
    This property features: - Great location south of Rexburg with signage visibility from Hwy 20 and Yellowstone Hwy.; - **3000 sq ft total space suitable for light manufacturing.**; - Includes office and restroom.
    (208) 523-6111
    Request Owner's contact information
    2691 S Yellowstone Hwy, Unit 205 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.
    2691 S Yellowstone Hwy, Unit 205
    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
    2691 S Yellowstone Hwy, Unit 205 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
    Jared Horsley
    Real Estate License ID: SP35321
    (208) 523-6111
    Learn more
    Google sign-in failed. Please try again or use another login method.