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    Industrial Flex Space with Offices Title is generated by Realmo AI

    3821 Professional Way, Idaho Falls, ID 83401

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    COMMERCIAL - Idaho Falls, ID

    Property size:
    2,000 SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 3821 Professional Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Parking Lot, Assigned
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RPO7990003002O
    Size
    2,000 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Well

    Building Details

    Year built
    2000
    Floors in Building
    1

    We can help!

    Listing Contact
    Rebecca Anderson

    Listing agent Rebecca Anderson License #SP46153

    Listing office Evolv Brokerage 901 Pier View Dr Ste 203B, Idaho Falls, ID

    Listing date Jun 5, 2026

    MLS# 2186845

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Industrial space for lease with two offices and one restroom
    • Two overhead bay doors on opposite sides
    • Upstairs area for additional storage
    • Accessible approach with ramp
    • Parking lot with assigned parking
    • Utilities: Sunnyside Utilities $52 per month; water source is well and sewer is public sewer

    Overview

    This flex industrial space is designed for both work space and operations, featuring two offices, one restroom, and two overhead bay doors located on opposite sides. An upper upstairs area provides additional storage, supporting mixed-use functionality within the building. The layout is practical for tenants that need administrative space alongside warehouse access.

    The property is located at 3821 Professional Way in Idaho Falls, within Bonneville County. Access and loading are supported by the two overhead bay doors, giving you flexible points for receiving and moving goods. Utilities are also noted in the remarks, with Sunnyside Utilities listed at $52 per month.

    For tenants seeking a compact industrial setup with built-in office space, this unit offers the combination of access, support rooms, and added storage without requiring separate improvements. The overhead doors and additional upstairs storage make it well suited for light warehouse activity where on-site administration and back-of-house space are both needed. Please contact the listing office to arrange an appointment to view the space.
    Property Profile Location Intelligence

    Current Use by Public Records

    TimberSteel Custom Buildings Construction Company Moore Hardwood Flooring General Contractor Timbersteel Engineering Consultant All In The Details LLC Car Wash Dent Tech - Paintless ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.0568273
    Latitude
    43.4641096

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    FAQs

    What type of property is this?
    Flex space - Flex industrial space includes two offices, a restroom, and two overhead bay doors for functional storage and operations.
    Where is this flex space located?
    The property is located at 3821 Professional Way Idaho Falls, ID.
    What are key features of this property?
    This property features: Industrial space for lease with two offices and one restroom; Two overhead bay doors on opposite sides; Upstairs area for additional storage
    (208) 510-0551
    We can help!
    Listing Contact
    Rebecca Anderson
    Real Estate License ID: SP46153
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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