For Sale
$360,000
2850 N Spitfire St, Idaho Falls, ID 83401
Under construction warehouse condo with customizable office and living space.
Property Size2,586 SF
Lot Size0.06 Acres
Price / SF$139.21
Days on Market144
Property Features for 2850 N Spitfire St
General Information
Standard status
Active
Property type
Flex space, Industrial properties, Warehouses, Office Units, Office Spaces, Other warehouses, Commercial real estate
Size
2,586 SF
Lot size
0.06 Acres
Building Details
Year Built
2026
Listed By:
Natalieb
Added: May 27
Changed: Jul 17
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Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,022
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,440
$560.4K
Cap Rate 7%
$400,314
$400.3K
Cap Rate 9%
$311,356
$311.4K
Market Conditions
NOI Build-Up for 2,586 SF
Gross rent
$43.4K $16.80/SF
− Vacancy
−$6.1K −$2.35/SF
EGI
$37.4K $14.45/SF
− OpEx
−$9.3K −$3.61/SF
NOI
$28.0K $10.84/SF
Area
Bonneville County, ID
Vacancy
14.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,440
Cap Rate 7%
$400,314
Cap Rate 9%
$311,356
Alternative Uses
Best Use
Office B
$400.3K
$350.3K – $467.0K
NOI $28,022 @ 7.0% cap · market cap 7.78%
Second Best
Flex RnD
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$571.3K
$499.9K – $666.6K
NOI $39,994 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Under construction warehouse condo with customizable office and living space.
Where is this flex space located?
The property is located at 2850 N Spitfire St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $360,000.
