Warehouse Condo Unit Under
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 Market72
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, Parking Lot, 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
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MGM Industrial Condominiums Unit 15
Tax Annual Amount
0
Legal Description
MGM Industrial Condominiums Unit 15
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
(208) 437-7122
Listed By:
Natalie Bateman
(208) 437-7122
Added: May 27
Changed: Aug 5
Last Checked: Aug 6 at 5:06AM
MLS# 2179946
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 15 is currently under construction and is estimated for mid-2026 completion. This warehouse condo is designed for heavy-duty use with soaring 20-foot ceilings and 16-foot overhead doors, along with 3-phase power. The main level is planned at just under 1,800 square feet, with the flexibility to add up to an 850 square-foot second-level mezzanine.
The space may be configured to combine shop and inventory storage with a custom office. The offering also references an option to incorporate a caretaker living space into the build-out. High-speed fiber internet is available, and the unit includes dedicated reserved parking with access to community overflow parking.
The property is located at 2850 N Spitfire Street in Idaho Falls, providing highway access and proximity to city amenities.
The space may be configured to combine shop and inventory storage with a custom office. The offering also references an option to incorporate a caretaker living space into the build-out. High-speed fiber internet is available, and the unit includes dedicated reserved parking with access to community overflow parking.
The property is located at 2850 N Spitfire Street in Idaho Falls, providing highway access and proximity to city amenities.
Key Highlights
- Brand‑new warehouse condo (Unit 15) under construction, estimated mid‑2026 completion (Year built: 2026).
- Just under 1,800 sq ft on the main level, with flexibility to add an up to 850 sq ft second‑level mezzanine.
- 20‑foot ceilings and 16‑foot overhead doors designed for heavy‑duty warehouse use.
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
Flex RnD
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 4.56%
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
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Unit 15 is under construction with 20-foot ceilings, large overhead doors, and build-out flexibility for main and optional mezzanine 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 $350,000.
What are key features of this property?
This property features: Brand‑new warehouse condo (Unit 15) under construction, estimated mid‑2026 completion (Year built: 2026).; Just under 1,800 sq ft on the main level, with flexibility to add an up to 850 sq ft second‑level mezzanine.; 20‑foot ceilings and 16‑foot overhead doors designed for heavy‑duty warehouse use.
