New Idaho Falls Warehouse
2850 N Spitfire Street Idaho Falls, ID 83401
2850 N Spitfire Street, Idaho Falls, ID, 83401
$360,000
For Sale
$360,000
COMMERCIAL - Idaho Falls, ID
Property Size2,586 SF
Lot Size0.06 Acres
Price / SF$139.21
Days on Market51
Property Features for 2850 N Spitfire Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 2
- Parking features
- Off Street, Assigned, Parking Lot
- 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 4
- 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 Agency
Axen Realty
(208) 437-7122
5559 S Sossaman Rd Bldg 1 #101, Mesa, ID
Listed by
Natalie Bateman
(208) 437-7122
Added: May 27 Checked: Jul 16 at 10:06 pm
MLS# 2179933
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.
These warehouse condos, currently under construction with an estimated mid-2026 completion, are located at 2850 N Spitfire St in Idaho Falls. Each unit features just under 1,800 sq ft on the main level, with the flexibility to add up to 850 sq ft second-level mezzanine space. The spaces boast 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 space is suited for supporting business operations. The property is ideal for combining shop, inventory storage, and a custom office. The lot size is 0.0629 acres and the property size is 2,586 square feet.
Key Highlights
- End unit 4 new construction warehouse condo at 2850 N Spitfire St (estimated mid‑2026 completion)
- Just under 1,800 sq ft on the main level, with option to add up to an 850 sq ft second‑level mezzanine
- 20‑foot ceilings and 16‑foot overhead doors built for heavy‑duty use
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.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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: End unit 4 new construction warehouse condo at 2850 N Spitfire St (estimated mid‑2026 completion); Just under 1,800 sq ft on the main level, with option to add up to an 850 sq ft second‑level mezzanine; 20‑foot ceilings and 16‑foot overhead doors built for heavy‑duty use
