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

    2205 17Th St Idaho Falls, ID 83404

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-NOI Retail Investment Opportunity

    Property size:
    49,871 SF

    Property Features for 2205 17Th St

    General Information

    Property type
    Retail properties
    Square Feet
    49,871 SF

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Randy Waters
    Randy Waters

    Listing Agency: SVN High Desert Commercial Listing Agent: Randy Waters

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

    Learn more

    Overview

    This exceptional retail property, Centennial Square, located at 2205 E 17th St, Idaho Falls, ID 83404, offers a compelling investment opportunity. The 49,871 square foot center boasts a strong tenant roster including Cricket Wireless, Worksteer Staffing, Evergreen China Buffet, Security Finance, Phenix Salon Suites, LT Nails Salon, Bobs Indoor Golf, Seagull Book, Work Wear House, Watersprings Thrift, Amazing Donuts, Papa Kelseys, One Main Financial, The Caramel Tree, and Once Upon a Child. Built in 1991, the property features a newer roof and ample parking, ensuring convenience for both tenants and customers. The property is offered at an asking price of $8,199,000, with a Net Operating Income (NOI) of $513,535. The lease type is NNN (Triple Net), with a projected Triple Net income of $150,895 in 2024. The long-term tenants contribute to a stable and predictable income stream, making this a desirable asset for investors seeking a strong return on investment in a thriving Idaho Falls location. This property presents a rare opportunity to acquire a well-established, income-producing retail center in a prime location with significant upside potential. Further details are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cricket Wireless Authorized ... Mobile Phone Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -111.9900347
    Latitude
    43.4825401

    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
      Pending

      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 with liquor license and potential for expansion.
      298 D St, Idaho Falls, ID 83402
      View Details
    • $444,990
      2,824 SF

      New Twin Home by Golf Course

      New construction twin home with golf course views and modern amenities.
      6425 Ender Ln, Idaho Falls, ID 83401
      View Details
    • $1,890,000
      4,451 SF

      Butcher Shop & Residential Combo

      Unique property with income potential on 2.21 acres.
      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
    • $459,990
      2,824 SF

      New Construction Twin Home Near Golf

      New 6-bedroom twin home near Sage Lakes Golf Course.
      6409 Ender Ln, 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
      Pending

      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

    FAQs

    What type of property is this?
    Retail property - High-NOI Retail Investment Opportunity
    Where is this retail property located?
    The property is located at 2205 17Th St Idaho Falls, ID.
    What is the asking price?
    The asking price for this property is $8,199,000.
    What are key features of this property?
    This property features: $8,199,000 asking price for this retail property.; 49,871 square feet of retail space.; NNN lease structure.
    (208) 535-8520 Call to check price and availability
    Request Owner's contact information
    2205 17Th 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.
    2205 17Th 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
    2205 17Th 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Waters
    Randy Waters
    Real Estate License ID: SP31104
    (208) 535-8520
    Learn more
    Google sign-in failed. Please try again or use another login method.