16-Unit Mixed-Use
341 West Clark Street, Pocatello, ID 83204
For Sale
Contact for pricing
Sixteen updated studios sit above remodeled commercial areas that include office suites and a kitchen.
Property Size16,400 SF
Price / SF$91.46
Days on Market39
Property Features for 341 West Clark Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Construction
Listing Agency:
Silvercreek Realty Group
Listed By:
RYAN Hatch · License ID SP57178
(208) 201-4887
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 12 at 8:03AM
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 Silvercreek Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic brick property contains approximately 16,400 SF across residential and commercial space. Its upper floor has 16 remodeled studio apartments. The ground level has been renovated for commercial use, with one or two commercial spaces, office suites, and a kitchen. The building previously housed a restaurant.
Key Highlights
- Approximately 16,400 SF in a historic brick building
- 16 remodeled studio apartments on the upper floor
- Ground‑floor space includes one to two commercial spaces, office suites, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,545
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,900
$2.3M
Cap Rate 7%
$1,607,786
$1.6M
Cap Rate 9%
$1,250,500
$1.3M
Market Conditions
NOI Build-Up for 16,400 SF
Gross rent
$196.8K $12.00/SF
− Vacancy
−$16.7K −$1.02/SF
EGI
$180.1K $10.98/SF
− OpEx
−$67.5K −$4.12/SF
NOI
$112.5K $6.86/SF
Area
Bannock County, ID
Vacancy
8.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,900
Cap Rate 7%
$1,607,786
Cap Rate 9%
$1,250,500
Alternative Uses
Best Use
Mixed Use
$1.61M
$1.41M – $1.88M
NOI $112,545 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,044 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,227 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 83204, ID
18,408
Population
8,238
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
280.1 sq mi
ZIP Area
66
Density / Sq Mi
$55,191
Median Household Income
$33,806
Median Earnings
$748
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Sixteen updated studios sit above remodeled commercial areas that include office suites and a kitchen.
Where is this mixed-use property located?
The property is located at 341 West Clark Street Pocatello, ID.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 16,400 SF in a historic brick building; 16 remodeled studio apartments on the upper floor; Ground‑floor space includes one to two commercial spaces, office suites, and a kitchen
