Refreshed Multi-Room Office
New
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 Market2
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
Last Checked: Sep 15 at 8:10AM
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
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 = 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
$42,704
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
6.28%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Multiple private rooms support medical, professional, and service-based business layouts.
Where is this office units 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
