Twin Falls Office
For Sale
Contact for pricing
Pending
1415 Parkview Dr, Twin Falls, ID 83301
5,521 SF office building in Twin Falls, Idaho.
Property Size5,521 SF
Days on Market145
Property Features for 1415 Parkview Dr
General Information
Standard status
Pending
Size
5,521 SF
Class
A
Property subtype
Office
Zoning
TN-1, PUD- River Hawk Plaza
Investment Type
Owner/User
Building Details
Year Built
2013
Listing Agency:
TOK Commercial
Listed By:
Josh Weinstein · License #ID4571762
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Jul 24 at 6:29AM
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 TOK Commercial
Investment Insights
Based on property information with market context.
Located at 1415 Parkview Dr in Twin Falls, Idaho, this 5,521 SF office building is an investment opportunity suitable for owner-users or investors. The property features a flexible floor plan and ample on-site parking. Its central location provides convenient access to major arterial roads. The PUD zoning allows for medical and professional office uses. The office property is situated along the Parkview Drive growth corridor near Highway 93, with proximity to Canyon Ridge High School and expanding commercial and medical development in Twin Falls. The building is in excellent condition.
Key Highlights
- 5,521 SF office building in a prime Twin Falls location.
- Flexible floor plan suitable for owner‑users or investors.
- PUD zoning allows for medical and professional office uses.
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
$47,552
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
3.16%
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%
$951,040
$951.0K
Cap Rate 7%
$679,314
$679.3K
Cap Rate 9%
$528,356
$528.4K
Market Conditions
NOI Build-Up for 5,521 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
$72.9K $13.20/SF
− Vacancy
−$9.5K −$1.72/SF
EGI
$63.4K $11.48/SF
− OpEx
−$15.9K −$2.87/SF
NOI
$47.6K $8.61/SF
Area
Twin Falls County, ID
Vacancy
13.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
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%
$951,040
Cap Rate 7%
$679,314
Cap Rate 9%
$528,356
Alternative Uses
Best Use
Office B
$679.3K
$594.4K – $792.5K
NOI $47,552 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,658 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 5,521 SF office building in Twin Falls, Idaho.
Where is this office building located?
The property is located at 1415 Parkview Dr Twin Falls, ID.
What is the asking price?
The asking price for this property is $1,506,700.
What are key features of this property?
This property features: 5,521 SF office building in a prime Twin Falls location.; Flexible floor plan suitable for owner‑users or investors.; PUD zoning allows for medical and professional office uses.
