Flex Space with Private
New
For Sale
$309,000
235 W Burnside Unit 112, Chubbuck, ID 83202
New commercial units pair front-office functionality with a substantial rear shop area for business operations and storage.
Property Size1,592 SF
Price / SF$194.10
Days on Market7
Property Features for 235 W Burnside Unit 112
General Information
Standard status
Active
Size
1,592 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Listing Agency:
Silvercreek Realty Group
(208) 220-5525
Listed By:
Jacob Andrus
Source:
Signaturerealestateid
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 7:26PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This flex space at 235 W Burnside Unit 112 provides 1,592 square feet in a newly built commercial format. The layout separates customer-facing and operational functions with a private office positioned at the front and a large shop area toward the rear. The unit is intended for individual ownership rather than occupancy within a larger shared commercial building, giving an owner control of a dedicated business space.
The property is in Chubbuck, Idaho, with access to the interstate and visibility from the surrounding area. Its configuration supports businesses that need both office and shop components, along with room for storage or service-related activity. The building was completed in 2026.
The property is in Chubbuck, Idaho, with access to the interstate and visibility from the surrounding area. Its configuration supports businesses that need both office and shop components, along with room for storage or service-related activity. The building was completed in 2026.
Key Highlights
- 1,592‑square‑foot flex space
- Private office at the front of the unit
- Large rear shop area
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
$12,938
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
4.19%
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%
$258,760
$258.8K
Cap Rate 7%
$184,829
$184.8K
Cap Rate 9%
$143,756
$143.8K
Market Conditions
NOI Build-Up for 1,592 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
$20.1K $12.60/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$17.3K $10.84/SF
− OpEx
−$4.3K −$2.71/SF
NOI
$12.9K $8.13/SF
Area
Bannock County, ID
Vacancy
14.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
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%
$258,760
Cap Rate 7%
$184,829
Cap Rate 9%
$143,756
Alternative Uses
Best Use
Office B
$184.8K
$161.7K – $215.6K
NOI $12,938 @ 7.0% cap · market cap 4.19%
Second Best
Flex RnD
$124.4K
$108.9K – $145.1K
NOI $8,708 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$263.8K
$230.8K – $307.8K
NOI $18,466 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83202, ID
24,441
Population
8,866
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
93%
High-School Grad
166.8 sq mi
ZIP Area
147
Density / Sq Mi
$68,118
Median Household Income
$39,341
Median Earnings
$941
Median Rent
$300,600
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 - New commercial units pair front-office functionality with a substantial rear shop area for business operations and storage.
Where is this flex space located?
The property is located at 235 W Burnside Unit 112 Chubbuck, ID.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 1,592‑square‑foot flex space; Private office at the front of the unit; Large rear shop area
