14-Bed Assisted Living
195 Constellation Drive, Idaho Falls, ID 83402
For Sale
$1,050,000
Commercial Sale, Idaho Falls, ID
Property Size3,984 SF
Price / SF$263.55
Days on Market53
Property Features for 195 Constellation Drive
General Information
Property type
Property subtype
Zoning description
Parking features
Accessibility
Lot features
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Silvercreek Realty Group
Listed By:
Ryan Hatch · License ID #57178
(208) 523-6111
Added: Sep 22
Changed: Oct 6
Last Checked: Nov 13 at 11:06PM
MLS# 2189420
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 14-bed assisted living facility contains 3,984 square feet and was built in 2009. The building has frame construction with vinyl siding, a composition roof, central air, and natural gas heating. An accessible approach with a ramp supports entry, while the parking lot provides on-site vehicle accommodation.
Public water and public sewer serve the property. The facility is located at 195 Constellation Drive in Idaho Falls, Idaho, within Bonneville County. The property is offered for sale as an assisted living asset.
Public water and public sewer serve the property. The facility is located at 195 Constellation Drive in Idaho Falls, Idaho, within Bonneville County. The property is offered for sale as an assisted living asset.
Key Highlights
- 14‑bed assisted living facility with 3,984 square feet
- Built in 2009 with frame construction and vinyl siding
- Central air and natural gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,354
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,080
$607.1K
Cap Rate 7%
$433,629
$433.6K
Cap Rate 9%
$337,267
$337.3K
Market Conditions
NOI Build-Up for 3,984 SF
Gross rent
$57.4K $14.40/SF
− Vacancy
−$2.2K −$0.55/SF
EGI
$55.2K $13.85/SF
− OpEx
−$24.8K −$6.23/SF
NOI
$30.4K $7.62/SF
Area
Bonneville County, ID
Vacancy
3.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,080
Cap Rate 7%
$433,629
Cap Rate 9%
$337,267
Alternative Uses
Best Use
Apartment 5plus
$433.6K
$379.4K – $505.9K
NOI $30,354 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$880.2K
$770.2K – $1.03M
NOI $61,615 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value
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Similar Off Market Nearby
- No Place Like Home — 679 troy ave, idaho falls, id 83402
- Broadway Hills Assisted Living — 215 Constellations Rd, Idaho Falls, ID 83402
- Broadway Fields Assisted Living — 175 constellation drive, Idaho Falls, ID 83402
Frequently Asked Questions
What type of property is this?
Assisted living facility - Accessible residential care property with central air, natural gas heat, public utilities, and on-site parking.
Where is this assisted living facility located?
The property is located at 195 Constellation Drive Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 14‑bed assisted living facility with 3,984 square feet; Built in 2009 with frame construction and vinyl siding; Central air and natural gas heating
