Three-Story Office
New
For Sale
$950,000
365 Blue Lakes Blvd N, Twin Falls, ID 83301
Vacant space includes a full kitchen, fireplace, and a detached garage for storage or parking.
Property Size4,522 SF
Lot Size0.62 Acres
Price / SF$210.08
Days on Market1
Property Features for 365 Blue Lakes Blvd N
General Information
Standard status
Active
Size
4,522 SF
Lot size
0.62 Acres
Property subtype
Commercial
Additional Details
Asking Price
$950,000
Amenities
fireplace
full kitchen
Garage: 11 - 20 Spaces
11 - 20 Spaces
Building Details
Year Built
1930
Buildings
1
Stories
3
Building Size
4,522 SF
Listing Agency:
Westerra Real Estate Group
Listed By:
Erin Callen
(208) 308-1310
Source:
Clearwaterproperties
Added: Oct 15
Last Checked: Oct 15 at 2:12AM
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 Westerra Real Estate Group
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Investment Insights
Based on property information with market context.
This vacant, three-story office property contains 4,522 square feet and dates to 1930. Its 14 rooms include five bedrooms and four bathrooms, along with a full kitchen and fireplace. Heating is provided by a heat pump and forced air. A separate 644-square-foot garage and paved areas provide additional utility on the 0.615-acre parcel, which measures 89 by 299 feet.
The property fronts Blue Lakes Blvd N in Twin Falls. It adjoins 397 Blue Lakes Blvd N, which is also available; together, the two properties comprise approximately 1.24 acres. Potential uses cited for the building include professional office, medical, counseling, boutique retail, or live/work, subject to city approval.
The property fronts Blue Lakes Blvd N in Twin Falls. It adjoins 397 Blue Lakes Blvd N, which is also available; together, the two properties comprise approximately 1.24 acres. Potential uses cited for the building include professional office, medical, counseling, boutique retail, or live/work, subject to city approval.
Key Highlights
- 4,522 SF, three‑story building constructed in 1930
- 0.615‑acre parcel measuring 89 x 299 feet
- 14 rooms, including 5 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,948
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,960
$779.0K
Cap Rate 7%
$556,400
$556.4K
Cap Rate 9%
$432,756
$432.8K
Market Conditions
NOI Build-Up for 4,522 SF
Gross rent
$59.7K $13.20/SF
− Vacancy
−$7.8K −$1.72/SF
EGI
$51.9K $11.48/SF
− OpEx
−$13.0K −$2.87/SF
NOI
$38.9K $8.61/SF
Area
Twin Falls County, ID
Vacancy
13.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,960
Cap Rate 7%
$556,400
Cap Rate 9%
$432,756
Alternative Uses
Best Use
Office B
$556.4K
$486.9K – $649.1K
NOI $38,948 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$907.7K – $1.21M
NOI $72,615 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,084
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Vacant space includes a full kitchen, fireplace, and a detached garage for storage or parking.
Where is this office building located?
The property is located at 365 Blue Lakes Blvd N Twin Falls, ID.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,522 SF, three‑story building constructed in 1930; 0.615‑acre parcel measuring 89 x 299 feet; 14 rooms, including 5 bedrooms and 4 bathrooms
