For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Idaho Falls Warehouse Condos Title is generated by Realmo AI

    2850 N Spitfire Street, Idaho Falls, ID 83401

    View on Map
    Claim this Listing
    For Sale
    $360,000

    COMMERCIAL - Idaho Falls, ID

    Property size:
    2,586 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $139/SF
    Added:
    May 27, 2026
    Days on Market:
    42
    Last Refresh:
    Jul 7 at 3:06 pm

    Property Features for 2850 N Spitfire Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Parking
    2
    Parking features
    Off Street, Assigned, Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RPO0160004005O
    Size
    2,586 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    MGM Industrial Condominiums Un
    Tax Annual Amount
    0

    Utilities

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

    Building Details

    Year built
    2026
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Contact an agent
    Natalie Bateman

    Listing agent Natalie Bateman

    Listing office Axen Realty 5559 S Sossaman Rd Bldg 1 #101, Mesa, ID

    Listing date May 27, 2026

    MLS# 2179935

    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.

    HighLights

    • End unit under construction—estimated mid‑2026 completion; year built 2026
    • About 1,800 sq ft main level with option to add up to an 850 sq ft second‑level mezzanine
    • 20‑foot ceilings and 16‑foot overhead doors designed for heavy‑duty warehouse use
    • 3‑phase power and available high‑speed fiber internet
    • Metal roof; metal siding; forced air heating with natural gas and central air cooling
    • Dedicated reserved parking with assigned off‑street parking; accessible approach with ramp

    Overview

    These warehouse condos, currently under construction with an estimated completion in mid-2026, offer an opportunity to buy or lease in Idaho Falls. Each unit features just under 1,800 square feet on the main level, with the flexibility to add up to an 850 square feet second-level mezzanine. The spaces have 20-foot ceilings, 16-foot overhead doors, 3-phase power, and available high-speed fiber internet. Buyers have the option to design a caretaker living space. The property includes dedicated reserved parking plus access to community overflow parking. Situated with highway access and close to city amenities, this space is ready to support your vision. The lot size is 0.0681 acres. The property size is 2,586 square feet.

    Local Financial Insights For Office B

    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 $43.4k $16.80
    − Vacancy −$6.1k −$2.35
    EGI $37.4k $14.45
    − OpEx −$9.3k −$3.61
    NOI $28.0k $10.84
    2,586 SF · lease $16.80/SF/yr · vacancy 14.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $400.3K
    $350.3K – $467.0K (±1% cap)
    NOI $28,022 @ 7.0% cap · market cap 7.78%
    Second Best
    Flex RnD
    $227.8K
    $199.3K – $265.8K (±1% cap)
    NOI $15,945 @ 7.0% cap · market cap 4.43%
    Theoretical Best
    Office A
    $571.3K
    $499.9K – $666.6K (±1% cap)
    NOI $39,994 @ 7.0% cap · market cap 11.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.000687
    Latitude
    43.521499

    FAQs

    What type of property is this?
    Flex space - New warehouse condos with customizable office and living space.
    Where is this flex space located?
    The property is located at 2850 N Spitfire Street Idaho Falls, ID.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: End unit under construction—estimated mid‑2026 completion; year built 2026; About 1,800 sq ft main level with option to add up to an 850 sq ft second‑level mezzanine; 20‑foot ceilings and 16‑foot overhead doors designed for heavy‑duty warehouse use
    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