Character Office Building on Large
397 Blue Lakes Boulevard North Twin Falls, ID 83301
397 Blue Lakes Boulevard North, Twin Falls, ID, 83301
Contact for pricing
For Sale
Contact for pricing
Built in 1939 and currently vacant, this office building is ready for immediate occupancy on a zoned commercial lot.
Property Size4,154 SF
Lot Size0.63 Acres
Price / SF$228.70
Days on Market35
Property Features for 397 Blue Lakes Boulevard North
General Information
- Standard status
- Active
- Size
- 4,154 SF
- Lot size
- 0.63 Acres
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1939
Listing agency
Westerra Real Estate Group - Westcom Commercial Division
(208) 280-3000
Listed by
Erin Callen · License #AB30460
Source
Crexi
Added: Jun 18 Updated: Jul 21 at 9:17PM Checked: Jul 21 at 9:17PM
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 Westerra Real Estate Group - Westcom Commercial Division
Investment Insights
Based on property information with market context.
397 Blue Lakes Boulevard North is a character-rich office building built in 1939, offering approximately 3,000 SF of above-grade usable space. The property is in very good condition, vacant, and ready for immediate occupancy. The building sits on an exceptional 0.625-acre in-city lot measuring approximately 89' x 304'.
The property is zoned Commercial (COM), described as one of Twin Falls’ more permissive designations. The listing states it allows a broad range of uses by right, including professional office, medical clinic, financial institution, and retail, with no special use permit required for the majority of commercial activities.
For ownership, the property is offered for sale. For tenancy, it is available for lease on a modified gross basis; the modified gross lease is stated to include property taxes, building insurance, landscaping, and City of Twin Falls water service.
The property is zoned Commercial (COM), described as one of Twin Falls’ more permissive designations. The listing states it allows a broad range of uses by right, including professional office, medical clinic, financial institution, and retail, with no special use permit required for the majority of commercial activities.
For ownership, the property is offered for sale. For tenancy, it is available for lease on a modified gross basis; the modified gross lease is stated to include property taxes, building insurance, landscaping, and City of Twin Falls water service.
Key Highlights
- Built in 1939; vacant office building ready for immediate occupancy
- ~3,000 SF above‑grade usable space on a 0.625‑acre in‑city commercial lot
- Lot dimensions 89' x 304' on Blue Lakes Blvd N
Local Financial Insights For Retail
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 | $91.2k | $21.96 |
| − Vacancy | −$3.2k | −$0.77 |
| EGI | $88.0k | $21.19 |
| − OpEx | −$26.4k | −$6.36 |
| NOI | $61.6k | $14.83 |
4,154 SF · lease $21.96/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$880.3K
$770.3K – $1.03M
NOI $61,620 @ 7.0% cap · market cap 6.49%
Second Best
Healthcare Medical
$691.6K
$605.2K – $806.9K
NOI $48,415 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$952.9K
$833.8K – $1.11M
NOI $66,706 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
REID WAYNE LOFGRAN
Pediatrician
Dixon David L
Family Counselor
Auburn Crest Home ...
Home Health Care Service
Home Option Personal ...
Home Health Care Service
Rockton Software
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Built in 1939 and currently vacant, this office building is ready for immediate occupancy on a zoned commercial lot.
Where is this office building located?
The property is located at 397 Blue Lakes Boulevard North 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: Built in 1939; vacant office building ready for immediate occupancy; ~3,000 SF above‑grade usable space on a 0.625‑acre in‑city commercial lot; Lot dimensions 89' x 304' on Blue Lakes Blvd N
