Flex Space with Office and
New
For Sale
$1,093,200
206 Gem St S, Twin Falls, ID 83301
M-2 zoning is identified for warehousing, distribution, manufacturing, and equipment repair.
Property Size10,540 SF
Days on Market2
Property Features for 206 Gem St S
General Information
Standard status
Active
Size
10,540 SF
Property subtype
Industrial
Zoning
M-2
Additional Details
Highway Access
Yes
Building Details
Building Size
10,540 SF
Listing Agency:
TOK Boise, LLC
Listed By:
Jesse Sutherland
(208) 490-0202
Source:
Tokcommercial
Added: Oct 19
Last Checked: Oct 19 at 2:34PM
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 Boise, LLC
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Investment Insights
Based on property information with market context.
This flex property combines warehouse, office, and showroom areas. Its M-2 zoning is identified for warehousing, distribution, manufacturing, and equipment repair.
The property is in downtown Twin Falls, with access to Highway 30 and an approximately 11-minute drive to I-84. Nearby businesses and amenities include Idaho Power, Franklin Building Supply, Twin Falls City Parks & Waterways, and PSI Environmental Systems.
The property is in downtown Twin Falls, with access to Highway 30 and an approximately 11-minute drive to I-84. Nearby businesses and amenities include Idaho Power, Franklin Building Supply, Twin Falls City Parks & Waterways, and PSI Environmental Systems.
Key Highlights
- Warehouse, office, and showroom areas
- M‑2 zoning identified for warehousing, distribution, manufacturing, and equipment repair
- Access to Highway 30 and approximately 11 minutes to I‑84
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,592
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,840
$1.6M
Cap Rate 7%
$1,165,600
$1.2M
Cap Rate 9%
$906,578
$906.6K
Market Conditions
NOI Build-Up for 10,540 SF
Gross rent
$98.7K $9.36/SF
− Vacancy
−$2.7K −$0.25/SF
EGI
$96.0K $9.11/SF
− OpEx
−$14.4K −$1.37/SF
NOI
$81.6K $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 Rate 5%
$1,631,840
Cap Rate 7%
$1,165,600
Cap Rate 9%
$906,578
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,592 @ 7.0% cap · market cap 7.46%
Second Best
Flex RnD
$938.4K
$821.1K – $1.09M
NOI $65,687 @ 7.0% cap · market cap 6.01%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,254 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Stone House & Co. — 330 4th Ave S, Twin Falls, ID 83301
Frequently Asked Questions
What type of property is this?
Flex space - M-2 zoning is identified for warehousing, distribution, manufacturing, and equipment repair.
Where is this flex space located?
The property is located at 206 Gem St S Twin Falls, ID.
What is the asking price?
The asking price for this property is $1,093,200.
What are key features of this property?
This property features: Warehouse, office, and showroom areas; M‑2 zoning identified for warehousing, distribution, manufacturing, and equipment repair; Access to Highway 30 and approximately 11 minutes to I‑84
