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    Mixed-Use Investment Near BYU-Idaho Title is generated by Realmo AI

    36 E Main Street, Rexburg, ID 83440

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    Pending
    $687,000

    MULTI_FAMILY - Rexburg, ID

    Property size:
    7,200 SF
    Lot size:
    0.06 Acres
    Added:
    May 2, 2026
    Days on Market:
    34
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 36 E Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    7
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 6, Bathroom 8, Bedroom 2, Bedroom 4, Bedroom 1, Basement, Bedroom 3, Bathroom 4, Bathroom 3
    Basement
    Unfinished, Walk-Out Access, Partially Finished
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Separate Water Heaters
    Standard status
    Pending
    APN
    RPRRXB10380140
    Size
    7,200 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Rexburg Tax 4669 Lot 2 BLK 38
    Tax Annual Amount
    3660

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Forced Air
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1903
    Number of units
    5
    Building materials
    Brick, Stucco, Wood Siding
    Roof type
    Membrane

    We can help!

    Listing Contact
    Steven Phaysounlaphong

    Listing agent Steven Phaysounlaphong

    Listing office Silvercreek Realty Group 2002 Jennie Lee Dr, Meridian, ID

    Listing date May 2, 2026

    MLS# 2180432 Listing URL

    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

    • Prime mixed‑use investment property in downtown Rexburg, steps from BYU‑Idaho.
    • Strong income‑producing setup with commercial space leased to an established cafe/restaurant and 4 fully rented residential units.
    • Proven performance with consistent occupancy and no vacancy for over 20 years.
    • Multiple income streams from commercial and residential units, plus shared coin‑operated laundry.
    • Main floor remodeled in 2024 with updated electrical, plumbing, and modern finishes.
    • Value‑add opportunity with potential to increase rents.

    Overview

    This mixed-use property is located in downtown Rexburg, near BYU-Idaho. The three-story building includes a main-level commercial space of approximately 1,800 square feet, currently leased to a cafe/restaurant. Additionally, there are four fully rented residential units. The property has demonstrated consistent occupancy for over 20 years. The property provides multiple income streams from the commercial and residential units, as well as a shared coin-operated laundry. The main floor was remodeled in 2024 with updated electrical and plumbing systems, and modern finishes. The HVAC system was updated a few years ago. The roof has been reviewed and is in overall good condition, with minor maintenance noted. Some interior improvements are in progress, including drywall updates and unit refresh. The property includes basement space for storage and mechanical use. The property is zoned CBD, which allows for a variety of commercial uses. The lot size is 0.06 acres and the property size is 7,200 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Andes Creative - Wedding ... Wedding Service The GRID CAFE Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.7825455
    Latitude
    43.8258068

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    FAQs

    What type of property is this?
    Mixed-use property - Rexburg mixed-use property with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 36 E Main Street Rexburg, ID.
    What is the asking price?
    The asking price for this property is $687,000.
    What are key features of this property?
    This property features: Prime mixed‑use investment property in downtown Rexburg, steps from BYU‑Idaho.; Strong income‑producing setup with commercial space leased to an established cafe/restaurant and 4 fully rented residential units.; Proven performance with consistent occupancy and no vacancy for over 20 years.
    (208) 523-6111
    We can help!
    Listing Contact
    Steven Phaysounlaphong
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    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.

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    36 E Main Street, Rexburg, ID 83440
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