Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rexburg Commercial Space For Rent Title is generated by Realmo AI

    2692 S Yellowstone Hwy, Rexburg, ID 83440

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    COMMERCIAL - Rexburg, ID

    Property size:
    3,000 SF
    Lot size:
    0.07 Acres
    Added:
    May 26, 2026
    Days on Market:
    1
    Last Refresh:
    May 26 at 3:06 pm

    Property Features for 2692 S Yellowstone Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    2
    Parking features
    Off Street
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RPO NA
    Size
    3,000 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Water source
    Well

    Building Details

    Year built
    2022
    Roof type
    Metal

    We can help!

    Listing Contact
    Jared Horsley

    Listing agent Jared Horsley License #SP35321

    Listing office Silvercreek Realty Group 2002 Jennie Lee Dr, Meridian, ID

    Listing date May 26, 2026

    MLS# 2186608

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • First month free rent.
    • 3000 sq ft of space suitable for various business needs.
    • Zoned light industrial, ideal for dealers and small businesses.
    • Dedicated office space with radiant heat and a separate entrance.
    • Features an overhead garage door for shop accessibility.
    • Equipped with both a gas heater in the shop and radiant heat in the office.

    Overview

    This 3000 square foot commercial space is available for rent in Rexburg, Idaho, located off Yellowstone Highway. The property features an office, a bathroom, and an overhead garage door suitable for shop needs. The space is heated by a gas heater in the shop area and radiant heat in the office. A separate entrance leads to the office. The property is zoned for light industrial use, making it suitable for dealers and small businesses. The lot size is 0.0689 acres. The monthly rent is $0.90 per square foot, plus a $300 CAM fee. The first month is free.
    Property Profile Location Intelligence

    Current Use by Public Records

    Superior Steel Solutions ... Industrial Manufacturer DreamBox Rexburg (Bike/Boat/Book/etc) Store Fox In The Sawdust Production Facility Custom Royal Countertops ... Kitchen & Bath Showroom

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Department Store

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

    Similar Places Nearby

    • Mountain Pop Shop — 538 S 2nd W, Rexburg, ID 83440

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.8194563
    Latitude
    43.7897859

    Nearby Similar for Lease

    • Contact for pricing
      9,463 SF

      Modern Rexburg Commercial Space Available

      Premier 9,463 sq. ft. commercial space in Rexburg, ID.
      870 N 2nd E, Rexburg, ID 83440
      View Details
    • Contact for pricing
      1,208 SF

      Professional Office Suites For Rent

      Professional office suites with shared parking in Rexburg, Idaho.
      346 Grand Loop, Rexburg, ID 83440
      View Details
    • Contact for pricing
      3,021 SF

      Rexburg Office Building For Rent

      Modern office space in Rexburg with high-density infrastructure.
      346 Grand Loop, Rexburg, ID 83440
      View Details
    • Contact for pricing
      9,000 SF

      New Class A Industrial Warehouse

      9,000 SF Class A industrial warehouse with flexible tenant options.
      2692 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • Contact for pricing
      4,850 SF

      Rexburg Commercial Flex/Industrial Space

      Flex/industrial space with high traffic exposure and highway access.
      2741 S 2000 W, Rexburg, ID 83440
      View Details
    • $42 SF/Yr
      2,200 SF

      Rexburg Retail Sublease Opportunity

      Freestanding retail space with drive-thru in Rexburg, Idaho.
      568 North 2nd East, Rexburg, ID, 83440
      View Details
    • Contact for pricing
      3,000 SF

      Rexburg Commercial Flex/Office Space

      3000 sq ft flex/office space in Rexburg, ID.
      2691 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $16 SF/Yr
      3,744 SF

      Rexburg Single-Tenant Office Building

      Functional office space with showroom, storage, and central location.
      320 N 3rd E, Rexburg, ID 83440
      View Details
    • Contact for pricing
      6,000 SF

      New Industrial Building For Lease

      New industrial building with truck access near Highway 20.
      3210 W 5200 S, Rexburg, ID 83440
      View Details
    • $1.50 SF/Yr

      Downtown Rexburg Office Space

      Office space available for rent in downtown Rexburg.
      175 W 2nd S, Rexburg, ID 83440
      View Details
    • Contact for pricing
      14,000 SF

      Turnkey Call Center in Rexburg

      Prime location near BYU-I, ideal for various business needs.
      19 College Avenue, Rexburg, ID 83440
      View Details
    • Contact for pricing
      16,375 SF

      Rexburg Retail Center Space Available

      Retail and medical space for lease in growing Rexburg area.
      125 Valley River Dr, Rexburg, ID
      View Details

    FAQs

    What type of property is this?
    Flex space - 3000 sq ft flex space with office and shop.
    Where is this flex space located?
    The property is located at 2692 S Yellowstone Hwy Rexburg, ID.
    What are key features of this property?
    This property features: First month free rent.; 3000 sq ft of space suitable for various business needs.; Zoned light industrial, ideal for dealers and small businesses.
    (208) 523-6111
    We can help!
    Listing Contact
    Jared Horsley
    Real Estate License ID: SP35321
    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
    2692 S Yellowstone Hwy, Rexburg, ID 83440
    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!