Aaron's Storefront
For Sale
Contact for pricing
1402 E 17th St, Idaho Falls, ID 83404
A 2007-built storefront property identified for retail use.
Property Size10,010 SF
Price / SF$127.02
Days on Market131
Property Features for 1402 E 17th St
General Information
Standard status
Active
Size
10,010 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$89,000
Additional Details
Cap Rate
7%
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Kyle Matthews, CCIM · License #20170883
Source:
Crexi
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 7:31PM
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 Matthews
Investment Insights
Based on property information with market context.
This Aaron's storefront property contains 10,010 square feet and was constructed in 2007. The asset is identified within the storefront and retail property categories, supporting a clear commercial retail profile.
The property is located at 1402 E 17th St in Idaho Falls, Idaho. The offering is presented with a 7% cap rate.
The property is located at 1402 E 17th St in Idaho Falls, Idaho. The offering is presented with a 7% cap rate.
Key Highlights
- 10,010‑square‑foot storefront property
- Constructed in 2007
- Located at 1402 E 17th St, Idaho Falls, ID 83404
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
$90,828
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
7.14%
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%
$1,816,560
$1.8M
Cap Rate 7%
$1,297,543
$1.3M
Cap Rate 9%
$1,009,200
$1.0M
Market Conditions
NOI Build-Up for 10,010 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
$132.1K $13.20/SF
− Vacancy
−$2.4K −$0.24/SF
EGI
$129.8K $12.96/SF
− OpEx
−$38.9K −$3.89/SF
NOI
$90.8K $9.07/SF
Area
Bonneville County, ID
Vacancy
1.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,816,560
Cap Rate 7%
$1,297,543
Cap Rate 9%
$1,009,200
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,828 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,811 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 23%
Home Improvements & Furnishings 18%
Shops & Services 14%
Big Lots
Superstores
25,924 visits/mo
0.1 miles
Taco Bell
Dining
18,784 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
17,925 visits/mo
0.5 miles
Chevron
Shops & Services
9,315 visits/mo
0.2 miles
Black Bear Diner
Dining
9,174 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - A 2007-built storefront property identified for retail use.
Where is this storefront property located?
The property is located at 1402 E 17th St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,271,430.
What are key features of this property?
This property features: 10,010‑square‑foot storefront property; Constructed in 2007; Located at 1402 E 17th St, Idaho Falls, ID 83404
