Mixed-Use Property with
For Sale
$650,000
1284 E 16th St, Idaho Falls, ID 83404
Existing office and duplex configuration supports a range of commercial and residential applications.
Property Size3,346 SF
Price / SF$194.26
Days on Market41
Property Features for 1284 E 16th St
General Information
Standard status
Active
Size
3,346 SF
Building Details
Year Built
1948
Listing Agency:
Silvercreek Realty Group
(208) 201-4887
Listed By:
Alban Hatch, Ryan Hatch · License #57178
Source:
Griderpeterson
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 3:29PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,346 of property size and dates to 1948. The building has served as commercial office space, with another portion configured as a duplex. A large parking area is also included.
The property is located at 1284 E 16th St in Idaho Falls, Idaho. Its existing office and residential components provide a combination of commercial and housing functionality, with the source information identifying medical office, clinic, office, residential, and housing uses as possibilities.
The property is located at 1284 E 16th St in Idaho Falls, Idaho. Its existing office and residential components provide a combination of commercial and housing functionality, with the source information identifying medical office, clinic, office, residential, and housing uses as possibilities.
Key Highlights
- 3,346 property size
- Built in 1948
- Combination of commercial office and duplex use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,419
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$788,380
$788.4K
Cap Rate 7%
$563,129
$563.1K
Cap Rate 9%
$437,989
$438.0K
Market Conditions
NOI Build-Up for 3,346 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.3K $21.00/SF
− Vacancy
−$4.6K −$1.37/SF
EGI
$65.7K $19.64/SF
− OpEx
−$26.3K −$7.85/SF
NOI
$39.4K $11.78/SF
Area
Bonneville County, ID
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$788,380
Cap Rate 7%
$563,129
Cap Rate 9%
$437,989
Alternative Uses
Best Use
Healthcare Medical
$563.1K
$492.7K – $657.0K
NOI $39,419 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$518.0K
$453.2K – $604.3K
NOI $36,257 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$739.3K
$646.9K – $862.5K
NOI $51,748 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 83404, ID
25,491
Population
9,606
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
92%
High-School Grad
25.0 sq mi
ZIP Area
1,020
Density / Sq Mi
$79,211
Median Household Income
$36,802
Median Earnings
$1,013
Median Rent
$355,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing office and duplex configuration supports a range of commercial and residential applications.
Where is this mixed-use property located?
The property is located at 1284 E 16th St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,346 property size; Built in 1948; Combination of commercial office and duplex use
