New Warehouse Condos For
For Sale
$370,000
2850 N Spitfire Street, Idaho Falls, ID 83401
Commercial Sale, Idaho Falls, ID
Property Size2,586 SF
Lot Size0.09 Acres
Price / SF$143.08
Days on Market117
Property Features for 2850 N Spitfire Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
General Zoning: Bonneville Gen Com, Specific Zoning: Bonneville-C2-General Commerci
Parking
2
Parking features
Parking Lot, Off Street, Assigned
Accessibility
Accessible Approach with Ramp
Lot features
Industrial Park, Interstate Exit/ Access, Level
Directions
from Hwy 20 head south on St Leon, take a left on Piper and a Right on Spitfire, property is on the left.
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 1
Tax Annual Amount
0
Legal Description
MGM Industrial Condominiums Unit 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Axen Realty
Listed By:
Natalie Bateman
(208) 437-7122
Added: Jul 12
Changed: Oct 30
Last Checked: Nov 5 at 1:06PM
MLS# 2179929
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
These warehouse condos, currently under construction with an estimated completion in mid-2026, offer an opportunity to buy in a growing Idaho Falls location. 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. The spaces have 20-foot ceilings, 16-foot overhead doors, 3-phase power, and available high-speed fiber internet. Buyers have the option to design a caretaker living space. The property includes dedicated reserved parking plus access to community overflow parking. Situated with highway access and close to city amenities, this customizable space is ready to support your vision. The lot size is 0.085 acres, and the property size is 2,586 square feet. The property is located in Bonneville County.
Key Highlights
- End unit warehouse condo at 2850 N Spitfire St, under construction with estimated mid‑2026 completion and Year Built 2026
- Just under 1,800 sq ft on the main level with option to add up to an 850 sq ft second‑level mezzanine
- Built for heavy‑duty use with 20‑foot ceilings and 16‑foot overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,022
Cap Rate
7.57%
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 7.57%
Second Best
Flex RnD
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$571.3K
$499.9K – $666.6K
NOI $39,994 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Highway access
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 - Premium warehouse condos in a booming Idaho Falls location.
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 $370,000.
What are key features of this property?
This property features: End unit warehouse condo at 2850 N Spitfire St, under construction with estimated mid‑2026 completion and Year Built 2026; Just under 1,800 sq ft on the main level with option to add up to an 850 sq ft second‑level mezzanine; Built for heavy‑duty use with 20‑foot ceilings and 16‑foot overhead doors
