Office Building with Communications
1406 Commerce Way, Idaho Falls, ID 83401
For Sale
New
$980,000
Commercial Sale, Idaho Falls, ID
Property Size5,400 SF
Lot Size1.26 Acres
Price / SF$181.48
Days on Market1
Property Features for 1406 Commerce Way
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
arched windows
mature landscaping
vaulted ceilings
recessed lighting
private offices
conference room
open bullpen area
break room
built-in reception cabinetry
telecommunications/IT room
communications tower
Building Details
Year built
Building materials
Buildings
Listing Agency:
SVN High Desert Commercial
Listed By:
Randy Waters · License ID SP31104
(208) 535-8520
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 2190366
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,400-square-foot office building sits on 1.26 acres and was built in 2002 with block and vinyl siding. Its interior includes 12 private offices, a 14'4" x 19' conference room with two entrances, and a 24'4" x 29'8" open bullpen. A reception area, break room, two restrooms, and shared areas round out the floor plan. Ten-foot ceilings and five-foot-wide hallways serve the office spaces. A dedicated IT room contains structured cabling, equipment racks, overhead cable management, and separate cooling equipment.
A 100-foot communications tower stands behind the building. The property also has paved lot parking, public water, and private sewer.
A 100-foot communications tower stands behind the building. The property also has paved lot parking, public water, and private sewer.
Key Highlights
- 5,400‑square‑foot office building on 1.26 acres
- 12 private offices, plus a 14'4" x 19' conference room
- 24'4" x 29'8" open bullpen area
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
184
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 - A 12-office layout includes a conference room, open work area, and dedicated telecommunications space.
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‑square‑foot office building on 1.26 acres; 12 private offices, plus a 14'4" x 19' conference room; 24'4" x 29'8" open bullpen area
