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

    665 Anderson St Idaho Falls, ID 83404

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Idaho Falls, ID

    Property size:
    3,500 SF
    Days on Market:
    21
    Last Refresh:
    Feb 2 at 2:06 pm

    Property Features for 665 Anderson St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    RPA1640001001O
    Size
    3,500 SF

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Shane Murphy
    Shane Murphy

    Venture One Properties (208) 542-7979

    Listing agent Shane Murphy (208) 521-4564

    Listing date Jan 13, 2026

    MLS# 2178510

    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

    Idaho Falls Flex Space Available

    This 3,500 square foot flex space in Idaho Falls, ID, includes an 1,800 square foot air-conditioned office area and a 1,700 square foot heated shop area. The shop area features air lines and floor drains, along with 3 phase 400 amp power and a 10 x 10 grade level door with a man door. The office area contains four hard-wall offices, a large restroom, a large open bullpen area, and a breakroom with a full kitchen. There is also a storage/data room. Outdoor yard space is available.
    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 Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.0198549
    Latitude
    43.5119102

    Nearby Similar for Lease

    • Contact for pricing
      4,836 SF

      Renovated Retail/Office Space Available

      Prime location, renovated in 2023, suitable for office or retail.
      2285 N Yellowstone Hwy, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      2,800 SF

      Idaho Falls Standalone Office Building

      2,800 sq ft office building for lease or purchase.
      1190 E Lincoln Rd, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      1,863 SF

      Idaho Falls Office Space For Rent

      Affordable office space with revitalization potential in central Idaho Falls.
      1409 Benton St, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      4,230 SF

      Idaho Falls Office Building Rental

      Office building with highway visibility and quick highway access.
      2535 Boulevard N, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      2,000 SF

      Idaho Falls Industrial Space Available

      2,000 SF industrial space with offices and bay doors.
      3821 Professional Way, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      3,920 SF

      Idaho Falls Office Space Available

      3,920 SF office space for lease in Idaho Falls.
      665 Anderson St, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      13,439 SF

      Downtown Idaho Falls Retail Space

      8,369 SF retail space in downtown Idaho Falls.
      330 Shoup Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      1,837 SF

      Idaho Falls Commercial Space For Rent

      Located in Kensington Professional Park, suitable for medical or business.
      1540 Elk Creek Dr, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      1,400 SF

      Idaho Falls Second-Level Office Space

      1,400 SF office space with private entrance and parking.
      4016 Professional Way, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      1,722 SF

      Idaho Falls Office/Flex Space

      1,722 SF office/flex space featuring showroom, kitchen, and shop.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      2,022 SF

      Idaho Falls Office/Flex Space

      2,022 SF office/flex space available for lease in Idaho Falls.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      5,850 SF

      Idaho Falls Office Space

      Executive suite with river views in Idaho Falls' CBD.
      501 W Broadway St, Idaho Falls, ID 83402
      View Details

    FAQs

    What type of property is this?
    Flex space - 3,500 SF flex space with office and shop areas.
    Where is this flex space located?
    The property is located at 665 Anderson St Idaho Falls, ID.
    What are key features of this property?
    This property features: - 3,500 SF Flex Space featuring a comfortable 1,800 SF Air-conditioned Office and a functional 1,700 SF Heated Shop Area; - Equipped with 3-Phase 400Amp Power; - Features a Grade Level 10 x 10 Door with Man Door
    (208) 542-7979
    Request Owner's contact information
    665 Anderson St Idaho Falls, ID 83404
    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.
    665 Anderson St
    Idaho Falls, ID 83404
    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
    665 Anderson St Idaho Falls, ID 83404
    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
    Shane Murphy
    Shane Murphy
    Real Estate License ID: DB24210
    (208) 542-7979
    Learn more
    Google sign-in failed. Please try again or use another login method.