New Idaho Falls Warehouse
2850 N Spitfire Street, Idaho Falls, ID 83401
COMMERCIAL - Idaho Falls, ID
Property size:
2,586 SFLot size:
0.09 AcresPrice / SF:
$139/SF- Added:
- May 27, 2026
- Days on Market:
- 42
- Last Refresh:
- Jul 7 at 3:06 am
Property Features for 2850 N Spitfire Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 2
- Parking features
- Parking Lot, Assigned, Off Street
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- RPO0160004005O
- Size
- 2,586 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MGM Industrial Condominiums Unit 8
- Tax Annual Amount
- 0
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Building materials
- Metal Siding
- Roof type
- Metal
Listing agent Natalie Bateman (208) 437-7122
Listing office Axen Realty 5559 S Sossaman Rd Bldg 1 #101, Mesa, ID (208) 437-7122
Listing date May 27, 2026
MLS# 2179938
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
- Brand new end unit 8 warehouse condo at 2850 N Spitfire St; under construction with an estimated mid‑2026 completion (year built: 2026).
- Just under 1,800 SF on the main level, with flexibility to add up to an 850 SF second‑level mezzanine for extra storage/office space.
- Features 20‑foot ceilings and 16‑foot overhead doors designed for heavy‑duty warehouse use.
- Utilities and services include 3‑phase power, central air, forced air natural gas heat, public water, and public sewer.
- High‑speed fiber internet available; metal siding construction with a metal roof.
- Accessible approach with ramp; includes dedicated reserved parking plus access to community overflow parking.
Overview
Under construction with an estimated mid-2026 completion, these warehouse condos at 2850 N Spitfire St offer an opportunity to buy in a location in Idaho Falls. Perfect for local business owners looking to build equity or investors seeking a high-demand asset. Each unit features just under 1,800 sq ft on the main level, with the flexibility to add up to an 850 sq ft second-level mezzanine. Built for heavy-duty use, the spaces boast soaring 20-foot ceilings, massive 16-foot overhead doors, 3-phase power, and available high-speed fiber internet. Buyers have the unique option to design a caretaker living space right into their build-out. Includes dedicated reserved parking plus access to community overflow parking. Situated with highway access and close to all city amenities, this modern, customizable space is ready to support your vision. The property has a lot size of 0.085 acres and a property size of 2,586 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $16.80 |
| − Vacancy | −$6.1k | −$2.35 |
| EGI | $37.4k | $14.45 |
| − OpEx | −$9.3k | −$3.61 |
| NOI | $28.0k | $10.84 |
2,586 SF · lease $16.80/SF/yr · vacancy 14.00% · expense 25.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.000687
- Latitude
- 43.521499
Nearby Similar for Sale
FAQs
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 Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Brand new end unit 8 warehouse condo at 2850 N Spitfire St; under construction with an estimated mid‑2026 completion (year built: 2026).; Just under 1,800 SF on the main level, with flexibility to add up to an 850 SF second‑level mezzanine for extra storage/office space.; Features 20‑foot ceilings and 16‑foot overhead doors designed for heavy‑duty warehouse use.
