FedEx Ship Center For
For Sale
Contact for pricing
141 Joslin Way, Twin Falls, ID 83301
Leasehold interest in FedEx Ship Center at Magic Valley Airport.
Property Size17,873 SF
Lot Size2.93 Acres
Price / SF$250.04
Days on Market103
Property Features for 141 Joslin Way
General Information
Standard status
Active
Size
17,873 SF
Total Parking Spaces
82
Lot size
2.93 Acres
Property subtype
Industrial
Zoning
AP-Airport
Occupancy
100%
Lease Type
NN
Net Operating Income
$323,995
Building Details
Year Built
2017
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: May 22
Changed: Aug 12
Last Checked: Sep 1 at 3:22AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The leasehold interest in the FedEx Ship Center at 141 Joslin Way in Twin Falls, Idaho is available for sale. Constructed in 2017 as a build-to-suit facility, the property encompasses 17,873 square feet on 2.93 acres. It is located at Magic Valley Regional Airport and has direct access to the runway.
Key Highlights
- Leased to FedEx, providing stable income from a nationally recognized tenant
- Built‑to‑suit facility, specifically designed for FedEx's operational needs
- Constructed in 2017, indicating a modern and well‑maintained building
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
$138,358
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
3.10%
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%
$2,767,160
$2.8M
Cap Rate 7%
$1,976,543
$2.0M
Cap Rate 9%
$1,537,311
$1.5M
Market Conditions
NOI Build-Up for 17,873 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
$167.3K $9.36/SF
− Vacancy
−$4.5K −$0.25/SF
EGI
$162.8K $9.11/SF
− OpEx
−$24.4K −$1.37/SF
NOI
$138.4K $7.74/SF
Area
Twin Falls County, ID
Vacancy
2.70%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
15.00%
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%
$2,767,160
Cap Rate 7%
$1,976,543
Cap Rate 9%
$1,537,311
Alternative Uses
Best Use
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,358 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$1.57M
$1.37M – $1.83M
NOI $109,785 @ 7.0% cap · market cap 2.46%
Theoretical Best
Specialty Retail
$4.10M
$3.59M – $4.78M
NOI $287,009 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Leasehold interest in FedEx Ship Center at Magic Valley Airport.
Where is this distribution center located?
The property is located at 141 Joslin Way Twin Falls, ID.
What is the asking price?
The asking price for this property is $4,468,896.
What are key features of this property?
This property features: Leased to FedEx, providing stable income from a nationally recognized tenant; Built‑to‑suit facility, specifically designed for FedEx's operational needs; Constructed in 2017, indicating a modern and well‑maintained building
