Three-Suite Office Building
3393 MERLIN DR Idaho Falls, ID 83404
3393 MERLIN DR, Idaho Falls, ID, 83404
Contact for pricing
For Sale
Contact for pricing
Modern 2020 building with three fully leased office suites and shared common area included.
Property Size6,238 SF
Price / SF$287.75
Days on Market92
Property Features for 3393 MERLIN DR
General Information
- Standard status
- Active
- Size
- 6,238 SF
- Property subtype
- Office
Building Details
- Year Built
- 2020
Listing agency
Newmark Mountain West
(801) 578-5578
Listed by
Dustin Mortimer · License #ID 49222
Source
Crexi
Added: Apr 22 Updated: Jul 22 at 4:38AM Checked: Jul 22 at 4:38AM
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 Newmark Mountain West
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
Local Financial Insights For Healthcare Medical
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 | $131.0k | $21.00 |
| − Vacancy | −$8.5k | −$1.37 |
| EGI | $122.5k | $19.64 |
| − OpEx | −$49.0k | −$7.85 |
| NOI | $73.5k | $11.78 |
6,238 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Juvenaé
(Bike/Boat/Book/etc) Store
Meraki Healthcare
Medical Clinic
Avanti Body - Idaho ...
Gym & Fitness Center
LPL Sandhills Wealth ...
Financial Advisor
Rachel Adams
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Modern 2020 building with three fully leased office suites and shared common area included.
Where is this office units 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
