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    Second-Floor Professional Office Suite Title is generated by Realmo AI

    120 2nd Ave S lot 208, Ketchum, ID 83340

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    For Sale
    $299,000

    COMMERCIAL - Ketchum, ID

    Property size:
    350 SF
    Price / SF:
    $854/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 120 2nd Ave S lot 208

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    K/CC
    Standard status
    Active
    APN
    RPK08320000100
    Size
    350 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    120 BUILDING CONDO UNIT 10 (208) & (PARKING) P1 & P27 1.49% SEC 18, 4N 18E
    Tax Annual Amount
    450

    Building Details

    Year built
    2001
    Building materials
    Wood Frame
    Roof type
    Flat, Membrane

    We can help!

    Listing Contact
    Kenny-Bogue Team

    Listing agent Kenny-Bogue Team

    Listing office Paul Kenny & Matt Bogue Real Estate LLC 333 S Main Street Suite 210, Ketchum, ID

    Listing date Jun 1, 2026

    MLS# 26-334495

    Copyright © 2026 Sun Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Small professional office in the well‑managed and maintained 120 Building
    • Office located on the 2nd floor with north‑facing windows
    • Covered parking plus one garage parking space included
    • Two parking spaces included total
    • Year built 2001 with wood‑frame construction and flat membrane roof

    Overview

    This compact professional office suite is located on the 2nd floor of the well-managed 120 Building and includes a shared conference room. The property features an elegant wood-paneled common area atrium that supports a finished, professional atmosphere. The office also has windows with views facing north.

    The suite measures approximately 350 square feet and benefits from included parking arrangements: one covered space and one garage parking space. The building is described as maintained, and the shared interior amenities help support day-to-day operations for office users.

    For office tenants or owner-users seeking a smaller, professionally oriented workspace, this configuration offers a dedicated office setting within a multi-tenant building, while still providing shared space for meetings. The included parking options can reduce day-to-day friction for staff and visitors. The property is listed for sale under zoning K/CC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Ketchum
    County
    Blaine
    State
    Idaho
    Longitude
    -114.365571
    Latitude
    43.678223

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    FAQs

    What type of property is this?
    Office units - A compact 2nd-floor office with north-facing windows, access to a shared conference room, and included covered and garage parking.
    Where is this office units located?
    The property is located at 120 2nd Ave S lot 208 Ketchum, ID.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Small professional office in the well‑managed and maintained 120 Building; Office located on the 2nd floor with north‑facing windows; Covered parking plus one garage parking space included
    (208) 726-1918
    We can help!
    Listing Contact
    Kenny-Bogue Team
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    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.

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