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 Market87
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
Listed By:
Alban Hatch, Ryan Hatch
Source:
Griderpeterson
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 7 at 1:52PM
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 / Yr
$39,419
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Market
Vacancy Rate% for Office in West region
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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
