Flex Property With Drive-Through
For Sale
$879,500
Pending
21000 Highway 30, Filer, ID 83328
Flexible commercial property combines a spacious shop, separate office access, multiple doors, and an on-site residence or office option.
Property Size5,400 SF
Lot Size5.67 Acres
Days on Market759
Property Features for 21000 Highway 30
General Information
Standard status
Pending
Size
5,400 SF
Lot size
5.67 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
3
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,005
Amenities
3 phase power
exhaust system
air compressor
commercial frontage for signage
Building Details
Buildings
3
Building Size
5,400 SF
Listing Agency:
Berkshire Hathaway HomeServices Idaho Homes & Properties
(208) 539-1230
Listed By:
Mandi Riddle · License #DB32412
(208) 539-1230
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 12
Last Checked: Aug 12 at 9:58AM
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 Berkshire Hathaway HomeServices Idaho Homes & Properties
Investment Insights
Based on property information with market context.
Set on 5.67 acres, this flex property includes a 5,400-square-foot commercial shop with a separate-entry office, concrete flooring, 3-phase power, an exhaust system, an air compressor, and multiple power options. The building is configured for vehicle passage with two grade-level overhead doors measuring 10' x 16' and 10' x 10', plus a rear sliding door measuring 11' tall by 18' wide.
A separate 2,568-square-foot house features new flooring and paint and can also serve as office space. An additional detached building provides further office or flex-space potential. The property includes water shares, commercial Highway 30 frontage, parking, and pasture area that may accommodate parking, animals, storage units, or RV storage, subject to applicable approvals. Located at 21000 Highway 30 in Filer, Idaho.
A separate 2,568-square-foot house features new flooring and paint and can also serve as office space. An additional detached building provides further office or flex-space potential. The property includes water shares, commercial Highway 30 frontage, parking, and pasture area that may accommodate parking, animals, storage units, or RV storage, subject to applicable approvals. Located at 21000 Highway 30 in Filer, Idaho.
Key Highlights
- 5.67‑acre property with commercial Highway 30 frontage
- 5,400 SF shop with concrete floor and 3‑phase power
- Drive‑through configuration with two grade‑level overhead doors and a rear sliding door
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
$76,239
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
8.67%
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%
$1,524,780
$1.5M
Cap Rate 7%
$1,089,129
$1.1M
Cap Rate 9%
$847,100
$847.1K
Market Conditions
NOI Build-Up for 7,968 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
$129.1K $16.20/SF
− Vacancy
−$7.1K −$0.89/SF
EGI
$122.0K $15.31/SF
− OpEx
−$45.7K −$5.74/SF
NOI
$76.2K $9.57/SF
Area
Twin Falls County, ID
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,524,780
Cap Rate 7%
$1,089,129
Cap Rate 9%
$847,100
Alternative Uses
Best Use
Mixed Use
$1.09M
$953.0K – $1.27M
NOI $76,239 @ 7.0% cap · market cap 8.67%
Second Best
Office B
$980.4K
$857.9K – $1.14M
NOI $68,628 @ 7.0% cap · market cap 7.80%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,952 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83328, ID
6,230
Population
2,518
Households
2.5
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
67.3 sq mi
ZIP Area
93
Density / Sq Mi
$62,273
Median Household Income
$35,841
Median Earnings
$1,131
Median Rent
$293,500
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?
Flex space - Flexible commercial property combines a spacious shop, separate office access, multiple doors, and an on-site residence or office option.
Where is this flex space located?
The property is located at 21000 Highway 30 Filer, ID.
What is the asking price?
The asking price for this property is $879,500.
What are key features of this property?
This property features: 5.67‑acre property with commercial Highway 30 frontage; 5,400 SF shop with concrete floor and 3‑phase power; Drive‑through configuration with two grade‑level overhead doors and a rear sliding door
