Office Building with Private
1406 Commerce Way, Idaho Falls, ID 83401
For Sale
New
$980,000
The site combines extensive paved parking with room for future expansion.
Property Size5,400 SF
Lot Size1.26 Acres
Price / SF$181.48
Days on Market3
Property Features for 1406 Commerce Way
General Information
Standard status
Size
Class
Lot size
Property subtype
Additional Details
Property Use
Amenities
conference room
reception area
break room
telecommunications/IT room
existing communications tower
mature landscaping
existing monument signage
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
SVN High Desert Commercial
Listed By:
Randy Waters · License ID SP31104
(208) 535-8520
Source:
Svnhd
Added: Nov 12
Last Checked: Nov 12 at 2:28PM
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 SVN High Desert Commercial
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Investment Insights
Based on property information with market context.
Built in 2002, this 5,400-square-foot office building occupies 1.26 acres and features insulated foam-block construction. Its layout includes 12 private offices, a conference room with two entrances, and an approximately 722-square-foot open bullpen. A vaulted reception area has built-in cabinetry and countertops; the building also offers 10-foot ceilings, 5-foot-wide hallways, two restrooms, a break room, and a dedicated telecommunications and IT room.
Paved parking is supplemented by gravel areas, with mature landscaping and monument signage on site. The property also includes an existing 100-foot radio tower, which currently generates no rental income. Additional land area provides room for expansion.
Paved parking is supplemented by gravel areas, with mature landscaping and monument signage on site. The property also includes an existing 100-foot radio tower, which currently generates no rental income. Additional land area provides room for expansion.
Key Highlights
- 5,400 SF office building on 1.26 acres
- 12 private offices and a conference room with dual entrances
- Approximately 722 SF of open bullpen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,514
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,280
$1.2M
Cap Rate 7%
$835,914
$835.9K
Cap Rate 9%
$650,156
$650.2K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$90.7K $16.80/SF
− Vacancy
−$12.7K −$2.35/SF
EGI
$78.0K $14.45/SF
− OpEx
−$19.5K −$3.61/SF
NOI
$58.5K $10.84/SF
Area
Bonneville County, ID
Vacancy
14.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,280
Cap Rate 7%
$835,914
Cap Rate 9%
$650,156
Alternative Uses
Best Use
Office B
$835.9K
$731.4K – $975.2K
NOI $58,514 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,514 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The site combines extensive paved parking with room for future expansion.
Where is this office building located?
The property is located at 1406 Commerce Way Idaho Falls, ID.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 5,400 SF office building on 1.26 acres; 12 private offices and a conference room with dual entrances; Approximately 722 SF of open bullpen space
