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    Rexburg Commercial Property For Sale Title is generated by Realmo AI

    1334 North Yellowstone Highway, Rexburg, ID 83440

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    Versatile 8,800 sq ft property ideal for automotive, warehouse, industrial.

    Type:Retail, Office
    Property size:
    8,800 SF
    Lot size:
    0.71 Acres
    Price / SF:
    $124/SF
    Added:
    May 21, 2026
    Days on Market:
    8
    Last Refresh:
    May 27 at 8:18 am

    Property Features for 1334 North Yellowstone Highway

    General Information

    Standard status
    Active
    Size
    8,800 SF
    Lot size
    0.71 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Dave Nelson

    Listing agent Dave Nelson License #SP28192

    Listing office KW Commercial

    Listing date May 21, 2026

    Source Crexi

    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 KW Commercial

    HighLights

    • Prime commercial location in Rexburg on a 0.71‑acre lot.
    • Two buildings totaling approximately 8,800 sq ft of shop and office space.
    • Newer building (built in 2018) features 6,400 sq ft with 14‑foot overhead doors and a 20‑foot shop ceiling height.
    • Excellent flexibility for automotive, service, warehouse, or light industrial uses.
    • Includes 3‑phase power in the original building.
    • Three finished bathrooms plus one unfinished bathroom.

    Overview

    This commercial property is located in Rexburg and situated on a 0.71-acre lot. It features two wood-frame buildings with metal siding, totaling approximately 8,800 sq ft of shop and office space. The original building, constructed in 2005, offers approximately 2,400 sq ft and includes 3-phase power and 10-foot overhead doors. The newer building, constructed in 2018, provides approximately 6,400 sq ft, featuring 14-foot overhead doors, a 20-foot shop ceiling height, and 10-foot office ceilings. The property is currently operating as a mechanic shop, and the layout is suitable for automotive, service, warehouse, or light industrial uses. The property includes three finished bathrooms and one unfinished bathroom. Utilities include Intermountain Gas, Rocky Mountain Power, and City of Rexburg water/sewer services.
    Location Intelligence

    Current Use by Public Records

    Madison Automotive Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ricks Electric Inc. — 1298 N Yellowstone Hwy, Rexburg, ID 83440
    • R&S Automotive Center — 1204 N Yellowstone Hwy, Rexburg, ID 83440
    • JTF Truck Shop — 301 Dividend Dr, Rexburg, ID 83440
    • Madison Automotive — 1334 N Yellowstone Hwy, Rexburg, ID 83440
    • Oswald Service & Repair — 1005 N 2nd E, Rexburg, ID 83440

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.768147
    Latitude
    43.853518

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    FAQs

    What type of property is this?
    Auto shop - Versatile 8,800 sq ft property ideal for automotive, warehouse, industrial.
    Where is this auto shop located?
    The property is located at 1334 North Yellowstone Highway Rexburg, ID.
    What is the asking price?
    The asking price for this property is $1,099,900.
    What are key features of this property?
    This property features: Prime commercial location in Rexburg on a 0.71‑acre lot.; Two buildings totaling approximately 8,800 sq ft of shop and office space.; Newer building (built in 2018) features **6,400 sq ft with 14‑foot overhead doors and a 20‑foot shop ceiling height.**
    (208) 232-9010 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dave Nelson
    Real Estate License ID: SP28192
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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.

    More about this property
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    1334 North Yellowstone Highway, Rexburg, ID 83440
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