Income-Producing Industrial Building For
For Sale
$4,130,000
302 - 343 3rd Avenue South, Twin Falls, ID 83301
43,488 SF industrial building on 1.15 acres in Twin Falls.
Property Size43,488 SF
Lot Size1.15 Acres
Price / SF$94.97
Days on Market150
Property Features for 302 - 343 3rd Avenue South
General Information
Standard status
Active
Size
43,488 SF
Lot size
1.15 Acres
Property subtype
Industrial
Listing Agency:
CBRE - Boise
(208) 571-1701
Listed By:
Kurt Gregg · License #SP22042
(208) 571-1701
Source:
Cbre
Added: Mar 25
Changed: Aug 15
Last Checked: Aug 21 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Boise
Investment Insights
Based on property information with market context.
This 43,488 square foot industrial building is situated on approximately 1.15 acres of land. The property is located at 302-343 3rd Ave. S. in Twin Falls, offering visibility and accessibility in a high-traffic area, minutes from major transportation routes including I-84, and the Eastern Idaho Railroad. The industrial building has a 26-foot building height with a 17’-22’ clear height, one dock door, and six roll up doors. The large open warehouse space provides flexibility for multiple uses such as manufacturing, warehousing, and distribution. The property's current income-generating status offers the chance to benefit from immediate revenue while customizing the site. It is located in an established industrial area near downtown/old town Twin Falls, Idaho, at the corner of 3rd Ave. S and Idaho St. S. Income from month-to-month tenants offers flexibility.
Key Highlights
- Income‑producing property with month‑to‑month (MTM) tenants offering maximum flexibility.
- Prime location with high visibility and accessibility near major transportation routes (I‑84, EIRR).
- Large, open 43,488 sq ft warehouse space suitable for manufacturing, warehousing, and distribution.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$336,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,732,980
$6.7M
Cap Rate 7%
$4,809,271
$4.8M
Cap Rate 9%
$3,740,544
$3.7M
Market Conditions
NOI Build-Up for 43,488 SF
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.
Gross rent
$407.0K $9.36/SF
− Vacancy
−$11.0K −$0.25/SF
EGI
$396.1K $9.11/SF
− OpEx
−$59.4K −$1.37/SF
NOI
$336.6K $7.74/SF
Area
Twin Falls County, ID
Vacancy
2.70%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,732,980
Cap Rate 7%
$4,809,271
Cap Rate 9%
$3,740,544
Alternative Uses
Best Use
Warehouse
$4.81M
$4.21M – $5.61M
NOI $336,649 @ 7.0% cap · market cap 8.15%
Second Best
Industrial
$3.82M
$3.34M – $4.45M
NOI $267,125 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$9.98M
$8.73M – $11.64M
NOI $698,341 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
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.
Similar Off Market Nearby
- Affordable Storage — 701 W Main Cir, Twin Falls, ID 83301
- Precision Storage — 560 Washington St, Jerome, ID 83338, United States
- Ford Transfer & Storage Co. — 217 Wall Ave, Twin Falls, ID 83301
- SJ Storage — 225 Blake St S, Twin Falls, ID 83301
- Lineage — 432 S Park Ave W, Twin Falls, ID 83301
Frequently Asked Questions
What type of property is this?
Warehouse - 43,488 SF industrial building on 1.15 acres in Twin Falls.
Where is this warehouse located?
The property is located at 302 - 343 3rd Avenue South Twin Falls, ID.
What is the asking price?
The asking price for this property is $4,130,000.
What are key features of this property?
This property features: Income‑producing property with month‑to‑month (MTM) tenants offering maximum flexibility.; Prime location with high visibility and accessibility near major transportation routes (I‑84, EIRR).; Large, open **43,488 sq ft warehouse space** suitable for manufacturing, warehousing, and distribution.
