Industrial Manufacturing
For Sale
$4,925,000
1370 Burgess St, Idaho Falls, ID 83402
Manufacturing and warehouse facility with direct rail spur access and gravel yard storage, zoned I-M.
Property Size28,632 SF
Price / SF$172.01
Days on Market18
Property Features for 1370 Burgess St
General Information
Standard status
Active
Size
28,632 SF
Property subtype
Industrial - Warehouse/Distribution
Zoning
I-M
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
28,632 SF
Year Built
1985
Listing Agency:
TOK Commercial
Listed By:
Brian Wilson, SIOR, CCIM
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 12 at 4:57AM
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 TOK Commercial
Investment Insights
Based on property information with market context.
This industrial facility is built to support manufacturing, warehousing, and distribution operations, with direct rail spur access and gravel yard storage for material handling and staging. The property includes extensive loading infrastructure and ample yard space, and it is zoned I-M to accommodate industrial uses.
Located near Highway 15 Exits 118 and 119, the site also provides convenient access to the Idaho Falls Regional Airport, Downtown Idaho Falls, and the Idaho National Laboratory.
Constructed in 1985, the building totals 28,632 square feet and features dedicated rail service through the Eastern Idaho Railroad. For buyers seeking an industrial asset with both rail and yard capabilities, this property offers a practical, scalable configuration within a transportation-oriented location.
Located near Highway 15 Exits 118 and 119, the site also provides convenient access to the Idaho Falls Regional Airport, Downtown Idaho Falls, and the Idaho National Laboratory.
Constructed in 1985, the building totals 28,632 square feet and features dedicated rail service through the Eastern Idaho Railroad. For buyers seeking an industrial asset with both rail and yard capabilities, this property offers a practical, scalable configuration within a transportation-oriented location.
Key Highlights
- 28,632 SF manufacturing and warehouse facility built in 1985
- Zoned I‑M
- Direct rail spur access serviced by the Eastern Idaho Railroad
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
$143,103
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
2.91%
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%
$2,862,060
$2.9M
Cap Rate 7%
$2,044,329
$2.0M
Cap Rate 9%
$1,590,033
$1.6M
Market Conditions
NOI Build-Up for 28,632 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
$171.8K $6.00/SF
− Vacancy
−$3.4K −$0.12/SF
EGI
$168.4K $5.88/SF
− OpEx
−$25.3K −$0.88/SF
NOI
$143.1K $5.00/SF
Area
Bonneville County, ID
Vacancy
2.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,862,060
Cap Rate 7%
$2,044,329
Cap Rate 9%
$1,590,033
Alternative Uses
Best Use
Warehouse
$2.04M
$1.79M – $2.39M
NOI $143,103 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$1.68M
$1.47M – $1.96M
NOI $117,849 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$6.33M
$5.54M – $7.38M
NOI $442,811 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Manufacturing and warehouse facility with direct rail spur access and gravel yard storage, zoned I-M.
Where is this warehouse located?
The property is located at 1370 Burgess St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $4,925,000.
What are key features of this property?
This property features: 28,632 SF manufacturing and warehouse facility built in 1985; Zoned I‑M; Direct rail spur access serviced by the Eastern Idaho Railroad
