Warehouse Condo with Mezzanine
2850 N Spitfire Street, Idaho Falls, ID 83401
COMMERCIAL - Idaho Falls, ID
Property size:
2,586 SFLot size:
0.06 AcresPrice / SF:
$135/SF- Added:
- May 27, 2026
- Days on Market:
- 42
- Last Refresh:
- Jul 7 at 7:06 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
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MGM Industrial Condominiums Unit 3
- 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# 2179931
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
- Unit 3 warehouse condo under construction, estimated mid‑2026 completion (Year built 2026)
- Just under 1,800 sq ft main level with optional 850 sq ft second‑level mezzanine
- 20‑foot ceilings and 16‑foot overhead doors for heavy‑duty warehouse use
- 3‑phase power and available high‑speed fiber internet
- Central air with forced air natural gas heating
- Accessible approach with ramp, plus dedicated reserved parking and community overflow parking
Overview
Unit 3 is a brand-new warehouse condo currently under construction with an estimated mid-2026 completion. The design is built for practical industrial use, featuring soaring 20-foot ceilings and massive 16-foot overhead doors. The main level offers just under 1,800 square feet, with flexibility to add up to an 850 square foot second-level mezzanine to support a combined setup for shop work, inventory storage, and a custom office.
The property is located at 2850 N Spitfire Street in Idaho Falls, within a community that provides dedicated reserved parking plus access to community overflow parking. The remarks also indicate highway access and proximity to city amenities, supporting convenient day-to-day operations.
This unit is well suited for owner-operators and businesses that need a functional layout with heavy-duty features and room to tailor office space. The site is described as having 3-phase power and available high-speed fiber internet. Buyers are also noted to have the option to design a caretaker living space into their build-out, offering flexibility for certain on-site operational needs.
The property is located at 2850 N Spitfire Street in Idaho Falls, within a community that provides dedicated reserved parking plus access to community overflow parking. The remarks also indicate highway access and proximity to city amenities, supporting convenient day-to-day operations.
This unit is well suited for owner-operators and businesses that need a functional layout with heavy-duty features and room to tailor office space. The site is described as having 3-phase power and available high-speed fiber internet. Buyers are also noted to have the option to design a caretaker living space into their build-out, offering flexibility for certain on-site operational needs.
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 8.01%
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 local authorities.
Location Intelligence
Current Use by Public Records
Office Units
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?
Warehouse - Under-construction warehouse condo offering high ceilings, large overhead doors, and a possible mezzanine for flexible operations.
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: Unit 3 warehouse condo under construction, estimated mid‑2026 completion (Year built 2026); Just under 1,800 sq ft main level with optional 850 sq ft second‑level mezzanine; 20‑foot ceilings and 16‑foot overhead doors for heavy‑duty warehouse use
