Building Details

Year built 1985

Roof type Composition

Listing Agency: Silvercreek Realty Group G***@SilvercreekRealty.com Show Phone

Listed By: Kathleen Hale · License #SP26577 Show Phone

Added: Jan 16 Changed: Sep 30 Last Checked: Oct 9 at 12:06PM

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MLS# 98972007

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Investment Insights

Based on property information with market context.

This flex-space property includes a 3,400-square-foot warehouse, a separate 480-square-foot storage building, and additional paved outdoor area. The improvements total 3,880 square feet and were built in 1985. Central air, electric and natural-gas heating, and a composition roof serve the buildings. The layout can accommodate retail, office, or mixed commercial use.

The property occupies 0.96 acres across 4 parcels at the corner of Washington Street and Caswell, with 206 feet of Washington Street frontage. Paved parking provides room for up to 50 vehicles, while the outdoor area adds practical space for business operations, customer access, or storage.

Key Highlights

• 3,400‑square‑foot warehouse plus a 480‑square‑foot storage building
• 0.96‑acre property spanning 4 parcels
• 206 feet of Washington Street frontage at Washington and Caswell

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,036

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$600,720 $600.7K

Cap Rate 7%

$429,086 $429.1K

Cap Rate 9%

$333,733 $333.7K

Market Conditions

NOI Build-Up for 3,880 SF

Gross rent

$36.3K $9.36/SF

− Vacancy

−$981 −$0.25/SF

EGI

$35.3K $9.11/SF

− OpEx

−$5.3K −$1.37/SF

NOI

$30.0K $7.74/SF

Area

Twin Falls County, ID

Vacancy

2.70%

Lease Rate

$9.36 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$600,720

Cap Rate 7%

$429,086

Cap Rate 9%

$333,733

Alternative Uses

Best Use

Warehouse

$429.1K

$375.5K – $500.6K (±1% cap)

NOI $30,036 @ 7.0% cap · market cap 3.43%

Second Best

Flex RnD

$345.4K

$302.3K – $403.0K (±1% cap)

NOI $24,181 @ 7.0% cap · market cap 2.76%

Theoretical Best

Specialty Retail

$890.1K

$778.8K – $1.04M (±1% cap)

NOI $62,306 @ 7.0% cap · market cap 7.12%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Progressive Auto Sales Car Dealership CT Sullivans Big Box & Wholesale Store Progressive Title Loans Loan Service Pristine Details Car Wash

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Auto Parts Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

351

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 83301, ID

60,789

Population

24,466

Households

2.5

Avg Household Size

35

Median Age

24%

College-Educated

90%

High-School Grad

295.7 sq mi

ZIP Area

206

Density / Sq Mi

$62,388

Median Household Income

$36,276

Median Earnings

$1,011

Median Rent

$290,600

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Corner commercial property combines warehouse, storage, and paved outdoor space for flexible business use.

Where is this flex space located?

The property is located at 703 N Washington Street Twin Falls, ID.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: 3,400‑square‑foot warehouse plus a 480‑square‑foot storage building; 0.96‑acre property spanning 4 parcels; 206 feet of Washington Street frontage at Washington and Caswell