Refreshed Multi-Room Office
For Sale
$679,900
224/226 Martin Street, Twin Falls, ID 83301
Multiple private rooms support medical, professional, and service-based business layouts.
Property Size3,664 SF
Price / SF$185.56
Days on Market53
Property Features for 224/226 Martin Street
General Information
Standard status
Active
Size
3,664 SF
Property subtype
Commercial
Listing Agency:
Equity Northwest Real Estate - Southern Idaho
Listed By:
Christy Latta · License #561054
(208) 421-8003
Source:
Clearwaterproperties
Added: Sep 14
Changed: Nov 4
Last Checked: Nov 4 at 12:25PM
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 Equity Northwest Real Estate - Southern Idaho
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Investment Insights
Based on property information with market context.
This 3,664-square-foot office property at 224/226 Martin Street provides a multi-room configuration with several private rooms. The interior has been updated with fresh paint and new flooring, while a newer roof adds to the property’s recent improvements.
The space is identified for medical, professional, and service-oriented business use, offering a flexible setting for occupants requiring individual rooms within an office environment. Its Twin Falls location places the property within the local commercial market.
The space is identified for medical, professional, and service-oriented business use, offering a flexible setting for occupants requiring individual rooms within an office environment. Its Twin Falls location places the property within the local commercial market.
Key Highlights
- 3,664 SF office property at 224/226 Martin Street
- Multiple private rooms for varied office configurations
- Newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,704
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,080
$854.1K
Cap Rate 7%
$610,057
$610.1K
Cap Rate 9%
$474,489
$474.5K
Market Conditions
NOI Build-Up for 3,664 SF
Gross rent
$76.9K $21.00/SF
− Vacancy
−$5.8K −$1.58/SF
EGI
$71.2K $19.43/SF
− OpEx
−$28.5K −$7.77/SF
NOI
$42.7K $11.66/SF
Area
Twin Falls County, ID
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,080
Cap Rate 7%
$610,057
Cap Rate 9%
$474,489
Alternative Uses
Best Use
Healthcare Medical
$610.1K
$533.8K – $711.7K
NOI $42,704 @ 7.0% cap · market cap 6.28%
Second Best
Office B
$450.8K
$394.5K – $526.0K
NOI $31,558 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$840.5K
$735.5K – $980.6K
NOI $58,837 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
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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 Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple private rooms support medical, professional, and service-based business layouts.
Where is this office unit located?
The property is located at 224/226 Martin Street Twin Falls, ID.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 3,664 SF office property at 224/226 Martin Street; Multiple private rooms for varied office configurations; Newer roof
