New Flex Space with Private
For Sale
$309,000
235 W Burnside Unit 113, Chubbuck, ID 83202
A front office and rear shop provide a practical setup for contractors, service businesses, and storage operations.
Property Size1,592 SF
Price / SF$194.10
Days on Market31
Property Features for 235 W Burnside Unit 113
General Information
Standard status
Active
Size
1,592 SF
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Building Details
Year Built
2026
Listing Agency:
Silvercreek Realty Group
(208) 220-5525
Listed By:
Jacob Andrus
Source:
Signaturerealestateid
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 30 at 8:32PM
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 individual flex unit contains 1,592 square feet arranged around two distinct work areas: a private office at the front and a larger shop at the rear. The configuration supports contractor, service, storage, and other commercial operations while allowing an owner to occupy a dedicated space rather than acquire an oversized building. The property is identified as a flex space and is scheduled for construction in 2026.
Located at 235 W Burnside Unit 113 in Chubbuck, the unit offers interstate access and visibility from its commercial setting. Its compact format combines office functionality with shop space in a separately owned commercial unit.
Located at 235 W Burnside Unit 113 in Chubbuck, the unit offers interstate access and visibility from its commercial setting. Its compact format combines office functionality with shop space in a separately owned commercial unit.
Key Highlights
- 1,592 SF individual flex unit
- Private front office paired with a large rear shop
- Designed for individual ownership within a commercial property
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
$8,708
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
2.82%
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%
$174,160
$174.2K
Cap Rate 7%
$124,400
$124.4K
Cap Rate 9%
$96,756
$96.8K
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
$14.3K $9.00/SF
− Vacancy
−$931 −$0.59/SF
EGI
$13.4K $8.42/SF
− OpEx
−$4.7K −$2.95/SF
NOI
$8.7K $5.47/SF
Area
Bannock County, ID
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$174,160
Cap Rate 7%
$124,400
Cap Rate 9%
$96,756
Alternative Uses
Best Use
Flex RnD
$124.4K
$108.9K – $145.1K
NOI $8,708 @ 7.0% cap · market cap 2.82%
Second Best
Warehouse
$96.0K
$84.0K – $112.1K
NOI $6,723 @ 7.0% cap · market cap 2.18%
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 Industrial 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?
Flex space - A front office and rear shop provide a practical setup for contractors, service businesses, and storage operations.
Where is this flex space located?
The property is located at 235 W Burnside Unit 113 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 SF individual flex unit; Private front office paired with a large rear shop; Designed for individual ownership within a commercial property
