New Idaho Falls Warehouse
2850 N Spitfire Street Idaho Falls, ID 83401
For Sale
$360,000
COMMERCIAL - Idaho Falls, ID
Property Size2,586 SF
Lot Size0.09 Acres
Price / SF$139.21
Days on Market65
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
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MGM Industrial Condominiums Unit 12
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
Listed By:
Natalie Bateman
(208) 437-7122
Added: May 27
Changed: Jul 12
Last Checked: Jul 30 at 10:06AM
MLS# 2179943
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 completion in mid-2026, offer an opportunity to buy in Idaho Falls. Each unit features just under 1,800 square feet on the main level, with the flexibility to add up to 850 square feet of second-level mezzanine space. The spaces have 20-foot ceilings, 16-foot overhead doors, and 3-phase power, with 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.
Key Highlights
- End unit 12 warehouse condo at 2850 N Spitfire St, built in 2026 and currently under construction with estimated mid‑2026 completion
- Just under 1,800 SF on the main level, with flexibility to add up to an 850 SF second‑level mezzanine
- 20‑foot ceilings and 16‑foot overhead doors 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 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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - New warehouse condos 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 12 warehouse condo at 2850 N Spitfire St, built in 2026 and currently under construction with estimated mid‑2026 completion; Just under 1,800 SF on the main level, with flexibility to add up to an 850 SF second‑level mezzanine; 20‑foot ceilings and 16‑foot overhead doors for heavy‑duty warehouse use
