Brand-New Warehouse Condo
For Sale
$350,000
2850 N Spitfire Street, Idaho Falls, ID 83401
COMMERCIAL - Idaho Falls, ID
Property Size2,586 SF
Lot Size0.06 Acres
Price / SF$135.34
Days on Market65
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
Off Street, Assigned, Parking Lot
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
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MGM Industrial Condominiums Unit 11
Tax Annual Amount
0
Legal Description
MGM Industrial Condominiums Unit 11
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 Agency:
Axen Realty
(208) 437-7122
Listed By:
Natalie Bateman
(208) 437-7122
Added: May 27
Changed: Jul 12
Last Checked: Jul 30 at 5:06PM
MLS# 2179942
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.
Investment Insights
Based on property information with market context.
Unit 11 is currently under construction and planned for estimated mid-2026 completion. This brand-new warehouse condo is built to support heavy-duty operations, with a main-level footprint of just under 1,800 square feet and the flexibility to add up to an 850 square-foot second-level mezzanine. The space features 20-foot ceilings and 16-foot overhead doors, along with 3-phase power and high-speed fiber internet available. The configuration also allows for an option to incorporate a caretaker living space into the build-out, depending on how the unit is designed.
Located at 2850 N Spitfire Street in Idaho Falls, the property is positioned for quick highway access and proximity to city amenities. Unit 11 includes dedicated reserved parking plus access to community overflow parking.
Located at 2850 N Spitfire Street in Idaho Falls, the property is positioned for quick highway access and proximity to city amenities. Unit 11 includes dedicated reserved parking plus access to community overflow parking.
Key Highlights
- Brand new Unit 11 under construction, estimated mid‑2026 completion (Year built 2026)
- Metal siding and metal roof; forced‑air natural gas heating and central air cooling
- Just under 1,800 sq ft main level with option to add up to an 850 sq ft second‑level mezzanine
Financial Insights For Flex RnD
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 | $26.4k | $10.20 |
| − Vacancy | −$1.8k | −$0.71 |
| EGI | $24.5k | $9.49 |
| − OpEx | −$8.6k | −$3.32 |
| NOI | $15.9k | $6.17 |
2,586 SF · lease $10.20/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 4.56%
Second Best
Warehouse
$184.6K
$161.6K – $215.4K
NOI $12,925 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$571.3K
$499.9K – $666.6K
NOI $39,994 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Under construction with estimated mid-2026 completion, Unit 11 includes tall clear heights, large overhead doors, and reserved parking.
Where is this warehouse 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 $350,000.
What are key features of this property?
This property features: Brand new Unit 11 under construction, estimated mid‑2026 completion (Year built 2026); Metal siding and metal roof; forced‑air natural gas heating and central air cooling; Just under 1,800 sq ft main level with option to add up to an 850 sq ft second‑level mezzanine
