Add Listing
    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

    140 State Street Shelley, ID 83274

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Over 12,000 sq ft, ideal for retail/office space.

    Property size:
    12,000 SF
    Added:
    Feb 21, 2022
    Days on Market:
    1522
    Last Refresh:
    Apr 1 at 9:34 pm

    Property Features for 140 State Street

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Other

    Building Details

    Year Built
    1927

    We can help!

    Listing Contact
    Carlos Villagomez
    Carlos Villagomez

    Listing agent Carlos Villagomez

    Listing office eXp Realty LLC

    Listing date Feb 21, 2022

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC

    Overview

    Spacious Building in Shelley's Heart

    Located in the heart of Shelley, this building offers over 12,000 square feet of space, suitable for retail, reception venue, or office use. The main floor features large glass windows at the front, suitable for showcasing products or business operations. Approximately three-quarters of the main floor is covered with hardwood floors. A large overhead garage door at the back facilitates easy loading. The main floor includes two bathrooms and a small storage area. Two staircases provide access to the basement. One staircase from the showroom leads to the finished area of the basement, while the other at the back of the building accesses the unfinished portion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelley
    County
    Bingham
    State
    Idaho
    Longitude
    -112.1243067
    Latitude
    43.3809871

    Nearby Similar for Sale

    • $999,900
      6,000 SF

      Shelley, ID Commercial Investment Property

      Well-maintained industrial building with four versatile units on 0.79 acres.
      101 Anderson Road, Shelley, ID 83274
      View Details
    • $475,000
      2,864 SF

      Shelley Mixed-Use Commercial Property

      Spacious Shelley property with residential and commercial potential.
      370 N State Street, Shelley, ID 83274
      View Details
    • $2,200
      1,804 SF

      Renovated Home in Quiet Neighborhood

      Updated 5-bedroom, 2-bathroom home near Shelley Park.
      145 N Byron Avenue, Shelley, ID 83274
      View Details
    • $460,000
      3,300 SF

      New Construction Home in Shelley

      New 5-bedroom, 3-bath home in a growing community.
      572 Zions St, Shelley, ID 83274
      View Details
    • $460,000
      3,300 SF

      New Construction Home in Shelley

      New 5-bedroom, 3-bath home in a growing community.
      562 Zions St, Shelley, ID 83274
      View Details
    • $1,999,999
      15,000 SF

      Two Industrial Buildings For Sale

      15,000 SF industrial property 100% leased in Shelley, ID.
      335 S. Emerson Avenue, Shelley, ID 83274
      View Details
    • $5,250,000
      25,818 SF

      Shelley Industrial Facility For Sale

      25,818 SF industrial facility 100% leased in Shelley, Idaho.
      480 N State St, Shelley, ID 83274
      View Details
    • $999,900

      Shelley Industrial Building For Sale

      Well-maintained industrial building with four versatile, fully leased units.
      101 Anderson Road, Shelley, ID 83274
      View Details
    • $600,000
      160,000 SF

      Spacious Building in Central Shelley

      160000 sqft building ideal for retail or office space.
      140-148 State Street, Shelley, ID 83274
      View Details
    • $250,000

      Shelley Retail/Office Space For Sale

      Retail or office space in the heart of Shelley.
      148 State Street, Shelley, ID 83274
      View Details

    FAQs

    What type of property is this?
    Retail space - Over 12,000 sq ft, ideal for retail/office space.
    Where is this retail space located?
    The property is located at 140 State Street Shelley, ID.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime location in the heart of Shelley.; Over 12,000 square feet of space, suitable for retail, reception venue, or office.; Large glass windows ideal for showcasing products or business.
    (561) 313-2237
    We can help!
    Listing Contact
    Carlos Villagomez
    Carlos Villagomez
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!