Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Construction Office/Flex Space Title is generated by Realmo AI

    234 Eastland Dr N, Twin Falls, ID 83301

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    New 3,600 SF office/flex space with shop.

    Type:Office
    Property size:
    3,600 SF
    Added:
    May 16, 2024
    Days on Market:
    750
    Last Refresh:
    May 12 at 10:54 pm

    Property Features for 234 Eastland Dr N

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Property subtype
    Office

    Spaces For Lease

    at 234 Eastland Dr N Contact us

    Suite 400 $1.64/Mo

    Size
    3,600 SF
    Type
    Office
    • New construction 2023n• 3,600 SFn• Professional signagen• Four offices,...
    show more
    Contact us

    Suite 300 $1.64/Mo

    Size
    1,800 SF
    Type
    Office
    • New construction 2023n• 1,800 SFn• Professional signagen• One office with...
    show more
    Contact us

    We can help!

    Listing Contact
    Tami Walker

    Listing agent Tami Walker License #ID SP45677

    Listing office Colliers - Twin Falls, Idaho

    Listing date May 16, 2024

    Source Crexi

    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 Colliers - Twin Falls, Idaho

    HighLights

    • New construction (2023)
    • 3,600 SF
    • Great access from Eastland Drive
    • Features four offices, one open office and a private conference room
    • Grade‑level overhead doors - shop
    • Low CAM charges

    Overview

    This is a new construction property completed in 2023, offering 3,600 square feet of office and flex space. The layout includes four private offices, one open office area, and a private conference room. Professional signage is available. The property features grade-level overhead doors suitable for shop use. It offers convenient access from Eastland Drive.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Twin Falls
    County
    Twin Falls
    State
    Idaho
    Longitude
    -114.439643
    Latitude
    42.550082

    Nearby Similar for Lease

    • $2,500/Mo

      Adaptable Workspace in Twin Falls

      Scalable office space with shared amenities in Twin Falls.
      246 3rd Ave S, Twin Falls, ID 83301
      View Details
    • $33,075 SF/Yr
      2,500 SF

      Prime Retail Space on Main

      Spacious retail space in the heart of Twin Falls.
      236 Main Ave N, Twin Falls, ID 83301
      View Details
    • $154,292 SF/Yr
      22,757 SF

      Renovated Multi-Level Downtown Building

      23,000 sq. ft. renovated building in downtown Twin Falls.
      202 Main Avenue S, Twin Falls, ID 83301
      View Details
    • $5,400/Mo
      1,600 SF

      Aviation Space at Magic Valley

      Well-maintained hangar at Twin Falls Airport available for rent.
      740 Airport Loop, Twin Falls, ID 83301
      View Details
    • $97,500 SF/Yr
      7,500 SF

      Twin Falls Commercial Showroom Space

      7,500 SF showroom with offices and storage in Twin Falls.
      1730 Kimberly Road, Twin Falls, ID 83301
      View Details
    • $24 SF/Yr
      4,144 SF

      Shell Office Space For Lease

      Shell office space in premier location, customizable for tenants.
      273 Canyon Crest Dr, Twin Falls, ID 83301
      View Details
    • $1,958/Mo

      Flexible Multi-Room Retail Suite

      Adaptable suite with private rooms and open areas on Main Ave with strong pedestrian and vehicle visibility.
      426 Main Ave S, Twin Falls, ID 83301
      View Details
    • $0.80 SF/Yr
      32,730 SF

      New Industrial Space in Twin Falls

      New construction industrial space with abundant parking and easy access.
      3125 3249 Eldridge Ave, Twin Falls, ID 83301
      View Details
    • $1.35 SF/Yr
      5,000 SF

      Industrial/Retail Build To Suit

      5,000 SF industrial/retail space with Kimberly Road frontage.
      2623-2647 Kimberly Rd, Twin Falls, ID
      View Details
    • $850/Mo

      Executive Office Space with Canyon Views

      High-demand office space with Snake River Canyon views for lease.
      195 River Vista Place, Twin Falls, ID 83301
      View Details
    • $2,200/Mo

      Twin Falls Commercial Space Available

      Commercial space for lease in Twin Falls, Idaho.
      727 2nd Avenue S , Twin Falls, ID 83301
      View Details
    • $18 SF/Yr
      1,280 SF

      Retail Space on Blue Lakes

      Retail space available on the busiest road in Twin Falls.
      617-677 Blue Lakes Blvd, Twin Falls, ID
      View Details

    FAQs

    What type of property is this?
    Office units - New 3,600 SF office/flex space with shop.
    Where is this office units located?
    The property is located at 234 Eastland Dr N Twin Falls, ID.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: New construction (2023); 3,600 SF; Great access from Eastland Drive
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tami Walker
    Real Estate License ID: ID SP45677
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    234 Eastland Dr N, Twin Falls, ID 83301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!