Flex Warehouse for
For Sale
$499,900
1378 S Grizzly Avenue, Idaho Falls, ID 83402
Warehouse/flex space with on-site parking, offered for sale in Idaho Falls.
Property Size2,466 SF
Price / SF$202.72
Days on Market129
Property Features for 1378 S Grizzly Avenue
General Information
Standard status
Active
Size
2,466 SF
Taxes and HOA fees
Annual Taxes
$2,891
Listing Agency:
Century 21 High Desert
(208) 524-2121
Listed By:
Kevin Taggart
(208) 589-8621
Source:
Exprealty
Added: Jun 9
Changed: Oct 1
Last Checked: Oct 15 at 2:09AM
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 Century 21 High Desert
Investment Insights
Based on property information with market context.
This flex warehouse property is offered for sale at 1378 Grizzly Avenue in Idaho Falls, Idaho. The sellers have established the location and are moving up into a bigger space, creating an opportunity for the next user to take over the site. The offering includes a warehouse/flex configuration and on-site parking.
The property size is 2,466 square feet, and the list price is $499,900. While the remarks emphasize the quality of the building and parking, potential buyers should review the space directly to confirm layout and condition for their specific operational needs.
The property size is 2,466 square feet, and the list price is $499,900. While the remarks emphasize the quality of the building and parking, potential buyers should review the space directly to confirm layout and condition for their specific operational needs.
Key Highlights
- Warehouse/flex space for sale in Idaho Falls
- Built in 1978
- On‑site parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,205
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,100
$304.1K
Cap Rate 7%
$217,214
$217.2K
Cap Rate 9%
$168,944
$168.9K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$25.2K $10.20/SF
− Vacancy
−$1.8K −$0.71/SF
EGI
$23.4K $9.49/SF
− OpEx
−$8.2K −$3.32/SF
NOI
$15.2K $6.17/SF
Area
Bonneville County, ID
Vacancy
7.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,100
Cap Rate 7%
$217,214
Cap Rate 9%
$168,944
Alternative Uses
Best Use
Flex RnD
$217.2K
$190.1K – $253.4K
NOI $15,205 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$145.0K
$126.9K – $169.2K
NOI $10,150 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,138 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse/flex space with on-site parking, offered for sale in Idaho Falls.
Where is this flex space located?
The property is located at 1378 S Grizzly Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Warehouse/flex space for sale in Idaho Falls; Built in 1978; On‑site parking available
