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361 4th Ave W, Twin Falls, ID 83301
5,000 SF mixed-use building suitable for retail or industrial purposes.
Property Size5,000 SF
Price / SF$140
Days on Market165
Property Features for 361 4th Ave W
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail, Industrial
Zoning
CC- Central City
Building Details
Year Built
1977
Listing Agency:
TOK Commercial
Listed By:
Josh Weinstein · License #ID4571762
Source:
Crexi
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 20 at 7:17PM
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 TOK Commercial
Investment Insights
Based on property information with market context.
This approximately 5,000 SF building, constructed in 1977, is zoned CC and provides a flexible opportunity for retail and light industrial users. The functional layout can accommodate showroom, service retail, distribution, or small-scale production. The property is located in a strategic downtown location on the corner of 4th Ave W and 4th ST W, providing convenient access to major corridors, workforce, and surrounding amenities. The property allows for light manufacturing with a Special Use Permit (SUP), making it suitable for businesses seeking a combination of storefront presence and operational space.
Key Highlights
- ±5,000 SF building with flexible layout suitable for retail or light industrial use.
- Strategic downtown location on the corner of 4th Ave W and 4th ST W.
- Zoned CC, allowing for a variety of uses including showroom, service retail, distribution, or small‑scale production.
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
$47,841
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
6.83%
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%
$956,820
$956.8K
Cap Rate 7%
$683,443
$683.4K
Cap Rate 9%
$531,567
$531.6K
Market Conditions
NOI Build-Up for 5,000 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
$81.0K $16.20/SF
− Vacancy
−$4.5K −$0.89/SF
EGI
$76.5K $15.31/SF
− OpEx
−$28.7K −$5.74/SF
NOI
$47.8K $9.57/SF
Area
Twin Falls County, ID
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$956,820
Cap Rate 7%
$683,443
Cap Rate 9%
$531,567
Alternative Uses
Best Use
Mixed Use
$683.4K
$598.0K – $797.4K
NOI $47,841 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,291 @ 7.0% cap · market cap 11.47%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 5,000 SF mixed-use building suitable for retail or industrial purposes.
Where is this mixed-use property located?
The property is located at 361 4th Ave W Twin Falls, ID.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: ±5,000 SF building with flexible layout suitable for retail or light industrial use.; Strategic downtown location on the corner of 4th Ave W and 4th ST W.; Zoned CC, allowing for a variety of uses including showroom, service retail, distribution, or small‑scale production.
