Renovated Multi-Unit Retail
For Sale
$1,495,000
413 B St, Idaho Falls, ID 83402
Historic 17,031 SF retail building was renovated in 2012 and is divided into four units.
Property Size11,291 SF
Price / SF$132.41
Days on Market69
Property Features for 413 B St
General Information
Standard status
Active
Size
11,291 SF
Zoning
FBC
Taxes and HOA fees
Annual Taxes
$10,463
Building Details
Year Built
1910
Year Renovated
2012
Tenancy
Multi
Listing Agency:
SVN High Desert Commercial
(208) 569-3698
Listed By:
Rope Piquet · License #SP34914
(208) 569-3698
Source:
Exprealty
Added: Jun 16
Changed: Aug 23
Last Checked: Aug 21 at 4:19PM
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 SVN High Desert Commercial
Investment Insights
Based on property information with market context.
This multi-unit retail building totals 17,031 SF and is configured as four separate units. Originally built in 1910 and renovated in 2012, the property combines historic construction with modern updates. The space is presented as a retail investment for an ownership structure that supports multiple tenants within one building.
Zoned FBC, the property is located at 413 B Street in Idaho Falls, Idaho. Please note that tenants are currently in place; do not disturb them.
With a four-unit layout and retail-oriented zoning, the building offers an established configuration for buyers evaluating a small, multi-tenant retail asset.
Zoned FBC, the property is located at 413 B Street in Idaho Falls, Idaho. Please note that tenants are currently in place; do not disturb them.
With a four-unit layout and retail-oriented zoning, the building offers an established configuration for buyers evaluating a small, multi-tenant retail asset.
Key Highlights
- 17,031 SF historic retail building in Idaho Falls, Idaho
- Divided into 4 units, offering multiple retail spaces
- Renovated in 2012 while retaining historic character
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
$102,451
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
6.85%
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%
$2,049,020
$2.0M
Cap Rate 7%
$1,463,586
$1.5M
Cap Rate 9%
$1,138,344
$1.1M
Market Conditions
NOI Build-Up for 11,291 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
$149.0K $13.20/SF
− Vacancy
−$2.7K −$0.24/SF
EGI
$146.4K $12.96/SF
− OpEx
−$43.9K −$3.89/SF
NOI
$102.5K $9.07/SF
Area
Bonneville County, ID
Vacancy
1.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,049,020
Cap Rate 7%
$1,463,586
Cap Rate 9%
$1,138,344
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,451 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,622 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 19%
Hotels & Casinos 13%
Electronics 8%
Applebee's
Dining
15,633 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
12,485 visits/mo
0.4 miles
Firehouse Subs
Dining
11,595 visits/mo
0.4 miles
KeyBank
Shops & Services
9,101 visits/mo
0.2 miles
Idaho Central Credit Union
Shops & Services
7,790 visits/mo
0.5 miles
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Historic 17,031 SF retail building was renovated in 2012 and is divided into four units.
Where is this retail space located?
The property is located at 413 B St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 17,031 SF historic retail building in Idaho Falls, Idaho; Divided into 4 units, offering multiple retail spaces; Renovated in 2012 while retaining historic character
