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

    Hoopes Ave Idaho Falls, ID 83401

    Sponsored
    For Sale
    $1,237,104

    COMMERCIAL - Idaho Falls, ID

    Lot size:
    2.84 Acres
    Days on Market:
    39
    Last Refresh:
    Jan 29 at 9:06 am

    Property Features for Hoopes Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    RPA2160001001A,D, G+
    Lot size
    2.84 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Doug Powell

    SVN High Desert Commercial (208) 535-8520

    Listing agent Doug Powell (208) 521-6971

    Listing date Dec 22, 2025

    MLS# 2166039

    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 Commercial Land Available

    This commercial land is situated in a prime infill location, making it suitable for development. The property is well-suited for low-income, senior 55+ multi-family developments, or an office park or campus for high-tech medical uses. It offers convenient access to 17th Street, Grand Teton Mall, College of Eastern Idaho (CEI), and the growing areas of Ammon and western Idaho Falls. The location is within 1.5 miles of the regional medical center and two community hospitals, namely EIRMC, Mountain View, and Community Hospitals. Furthermore, it is less than 5.0 miles from Interstate I-15 and the Idaho Falls Airport. The lot size is 2.84 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -111.9935194
    Latitude
    43.48351257

    Nearby Similar for Sale

    • $529,990
      2,824 SF

      Twin Home Overlooking Golf Course

      New 6-bed, 3-bath twin home with golf course views.
      6469 Ender Ln, Idaho Falls, ID 83401
      View Details
    • $1,500,000
      6,337 SF

      Thriving Billiards Bar Opportunity

      Turnkey bar business with potential for music venue or restaurant.
      905 E Lincoln Rd, Idaho Falls, ID 83401
      View Details
    • $450,000
      3,456 SF

      Idaho Falls Brick Duplex Investment

      All-brick duplex with reliable rental income in Idaho Falls.
      560-562 Tendoy Dr, Idaho Falls, ID 83401
      View Details
    • $1,750,000
      9,400 SF

      Idaho Falls Restaurant Opportunity

      Turnkey restaurant in downtown Idaho Falls with growth potential.
      298 D St, Idaho Falls, ID 83402
      View Details
    • $2,100,000
      4,451 SF

      Butcher Shop & Residential Combo

      Rare commercial property with butcher shop and residential space.
      4027 E Lincoln Rd, Idaho Falls, ID 83401
      View Details
    • $630,000
      2,900 SF

      Idaho Falls Multi-Family Opportunity

      2.77-acre property with three homes and storage buildings.
      1687 E 105 N, Idaho Falls, ID 83401
      View Details
    • $324,000
      2,056 SF

      Idaho Falls Updated Duplex

      Updated duplex in Idaho Falls with modern amenities and great potential.
      295 Boulevard S, Idaho Falls, ID 83401
      View Details
    • $530,000
      Pending

      Idaho Falls Commercial Opportunity

      Versatile commercial building with recent updates and ample parking.
      1475 S Holmes Ave, Idaho Falls, ID 83404
      View Details
    • $999,900
      30,000 SF

      Idaho Falls Commercial Property For Sale

      30,000 sq ft commercial property near Snake River Landing.
      751 Chamberlin, Idaho Falls, ID 83402
      View Details
    • $314,500
      2,234 SF

      Idaho Falls Duplex Investment Opportunity

      Well-maintained duplex in central Idaho Falls, ideal for investors.
      148 W 17Th St, Idaho Falls, ID 83402
      View Details
    • $675,000
      3,880 SF

      New Duplex Investment Property

      Newly built duplex with garages, close to shopping and schools.
      195-197 2Nd St, Idaho Falls, ID 83401
      View Details
    • $450,000
      3,456 SF

      Idaho Falls Duplex Investment Opportunity

      All-brick duplex with strong rental income in Idaho Falls.
      560-562 Tendoy Dr, Idaho Falls, ID 83401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime infill location suitable for development in Idaho Falls.
    Where is this commercial land located?
    The property is located at Hoopes Ave Idaho Falls, ID.
    What is the asking price?
    The asking price for this property is $1,237,104.
    What are key features of this property?
    This property features: - Prime infill location ideal for multi-family (55+) or office park/campus development.; - Easy access to 17th, Grand Teton Mall, and College of Eastern Idaho (CEI).; - Proximity to three hospitals: EIRMC, Mountain View, and Community Hospitals (within 1.5 miles).
    (208) 535-8520
    Request Owner's contact information
    Hoopes Ave Idaho Falls, ID 83401
    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.
    Hoopes Ave
    Idaho Falls, ID 83401
    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
    Hoopes Ave Idaho Falls, ID 83401
    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
    Doug Powell
    (208) 535-8520
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.