Building Details

Building Size 7,092 SF

Year Built 1986

Tenancy Multi

Listing Agency: SVN High Desert Commercial

Listed By: Randy Waters · License #ID #SP31104 Show Phone

Source: Svnhd

Added: Jul 4 Changed: Oct 6 Last Checked: Oct 5 at 3:48PM

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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 SVN High Desert Commercial

Investment Insights

Based on property information with market context.

This light commercial retail building is configured for six tenants within a 7,092 SF structure built in 1986. The property is listed as 100% occupied.

The center is situated in front of Winco and positioned between Dutch Bros Coffee and Freddys Custard along North Woodruff Avenue in Idaho Falls, ID.

The property is zoned Light Commercial and is offered for sale with reported NOI of $80,512.

Key Highlights

• 6‑tenant retail building in Idaho Falls totaling 7,092 SF
• Built in 1986
• Zoned Light Commercial

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,351

Cap Rate

5.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,287,020 $1.3M

Cap Rate 7%

$919,300 $919.3K

Cap Rate 9%

$715,011 $715.0K

Market Conditions

NOI Build-Up for 7,092 SF

Gross rent

$93.6K $13.20/SF

− Vacancy

−$1.7K −$0.24/SF

EGI

$91.9K $12.96/SF

− OpEx

−$27.6K −$3.89/SF

NOI

$64.4K $9.07/SF

Area

Bonneville County, ID

Vacancy

1.80%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,287,020

Cap Rate 7%

$919,300

Cap Rate 9%

$715,011

Alternative Uses

Best Use

Retail

$919.3K

$804.4K – $1.07M (±1% cap)

NOI $64,351 @ 7.0% cap · market cap 5.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,682 @ 7.0% cap · market cap 8.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Beamers Action Sports ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Barber Shop HVAC Service (Bike/Boat/Book/etc) Store Bakery Cafe & Coffee Shop

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

716

Businesses Nearby

224k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 45% Dining 31% Shops & Services 20% Beauty & Spa 3%

WinCo Foods Groceries

90,196 visits/mo 0.2 miles

Maverik Adventures First Stop Shops & Services

24,812 visits/mo 0.1 miles

Dutch Bros. Coffee Dining

21,888 visits/mo 0.1 miles

Jack in the Box Dining

19,255 visits/mo 0.3 miles

Freddy's Frozen Custard & Steakburgers Dining

17,277 visits/mo 0.1 miles

Demographics for 83401, ID

47,114

Population

16,026

Households

2.9

Avg Household Size

31

Median Age

30%

College-Educated

90%

High-School Grad

197.3 sq mi

ZIP Area

239

Density / Sq Mi

$75,870

Median Household Income

$35,293

Median Earnings

$1,132

Median Rent

$307,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 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 shopping centers 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?

Shopping center - Retail building with six tenants in Idaho Falls, totaling 7,092 SF and 100% occupancy.

Where is this shopping center located?

The property is located at 263 North Woodruff Avenue Idaho Falls, ID.

What is the asking price?

The asking price for this property is $1,239,000.

What are key features of this property?

This property features: 6‑tenant retail building in Idaho Falls totaling 7,092 SF; Built in 1986; Zoned Light Commercial