Three-Suite Office Building
For Sale
$1,795,000
3393 Merlin Dr, Idaho Falls, ID 83404
Modern 2020 building with three fully leased office suites and shared common area included.
Property Size6,238 SF
Price / SF$287.75
Days on Market167
Property Features for 3393 Merlin Dr
General Information
Standard status
Active
Size
6,238 SF
Property subtype
Office
Occupancy
100%
Additional Details
Office Units
3
Building Details
Building Size
6,238 SF
Year Built
2020
Tenancy
Multi
Listing Agency:
Mountain West Commercial Real Estate
Listed By:
Dustin Mortimer · License #49222
(801) 578-5578
Source:
Commercialcafe
Added: May 8
Changed: Oct 9
Last Checked: Oct 20 at 5:36PM
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 Mountain West Commercial Real Estate
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Investment Insights
Based on property information with market context.
This fully leased, three-suite office investment is housed in a modern building constructed in 2020. The offering includes Suite A, Suite B, and Suite C, with 637 square feet of common area included in the total building area. Interiors feature contemporary finishes designed for professional use.
The property is positioned within an established medical corridor, aligning with surrounding healthcare users.
Each suite is separately leased, providing an income-producing office configuration with established tenant occupancy across the three units.
The property is positioned within an established medical corridor, aligning with surrounding healthcare users.
Each suite is separately leased, providing an income-producing office configuration with established tenant occupancy across the three units.
Key Highlights
- 3‑suite office investment built in 2020 and fully leased
- Total building size: 6,238 SF, including Suite A (1,955 SF), Suite B (2,098 SF), Suite C (1,548 SF) and 637 SF common area
- Each suite offers contemporary finishes designed for modern office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,490
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,800
$1.5M
Cap Rate 7%
$1,049,857
$1.0M
Cap Rate 9%
$816,556
$816.6K
Market Conditions
NOI Build-Up for 6,238 SF
Gross rent
$131.0K $21.00/SF
− Vacancy
−$8.5K −$1.37/SF
EGI
$122.5K $19.64/SF
− OpEx
−$49.0K −$7.85/SF
NOI
$73.5K $11.78/SF
Area
Bonneville County, ID
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,800
Cap Rate 7%
$1,049,857
Cap Rate 9%
$816,556
Alternative Uses
Best Use
Healthcare Medical
$1.05M
$918.6K – $1.22M
NOI $73,490 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$965.6K
$844.9K – $1.13M
NOI $67,595 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,474 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 83404, ID
25,491
Population
9,606
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
92%
High-School Grad
25.0 sq mi
ZIP Area
1,020
Density / Sq Mi
$79,211
Median Household Income
$36,802
Median Earnings
$1,013
Median Rent
$355,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Modern 2020 building with three fully leased office suites and shared common area included.
Where is this office unit located?
The property is located at 3393 Merlin Dr Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 3‑suite office investment built in 2020 and fully leased; Total building size: 6,238 SF, including Suite A (1,955 SF), Suite B (2,098 SF), Suite C (1,548 SF) and 637 SF common area; Each suite offers contemporary finishes designed for modern office use
