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    Ketchum Commercial Flex Space Available Title is generated by Realmo AI

    471 E 10TH St lot B8, Ketchum, ID 83340

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    For Sale
    $1,994,000

    COMMERCIAL - Ketchum, ID

    Property size:
    3,621 SF
    Price / SF:
    $550/SF
    Added:
    Mar 18, 2025
    Days on Market:
    428
    Last Refresh:
    May 19 at 10:06 am

    Property Features for 471 E 10TH St lot B8

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    K/LI-2
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    RPK095300B0080
    Size
    3,621 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    TENTH ST LIGHT INDUST COMPLEX BLDG B UNIT 8 .046
    Tax Annual Amount
    3652

    Building Details

    Year built
    1981
    Building materials
    2 Story, Block, Metal, Wood Frame
    Roof type
    Membrane, Flat

    We can help!

    Listing Contact
    James M. Kuehn
    James M. Kuehn

    Listing agent James M. Kuehn License #AB16155

    Listing office Coldwell Banker Distinctive Properties PO Box 7248, Ketchum, ID

    Listing date Mar 18, 2025

    MLS# 25-332896

    Copyright © 2026 Sun Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 3600+ sq. ft. unit in the city.
    • Updated with 2 & 3 Phase electrical panels.
    • Suitable for Light Industrial use, possible living quarters, or storage.
    • Mezzanine with Baldy and Warm Springs views.
    • Fire suppression system installed.
    • Fiber optic available.

    Overview

    This commercial flex space, one of the largest units in the complex, has been owner-occupied for 30 years. The property features updated 2 and 3 Phase panels, a bathroom, an office, a break room, and a mezzanine that offers views of Baldy and Warm Springs. A fire suppression system is in place, and fiber optic connectivity is available. The space is suitable for light industrial use, possible living quarters, or storage. The property contains over 3600 square feet. Recent updates include new sheetrock, taping, texture, and paint. The property is zoned K/LI-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ketchum
    County
    Blaine
    State
    Idaho
    Longitude
    -114.524
    Latitude
    43.7579

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    FAQs

    What type of property is this?
    Flex space - Updated flex space with office, break room, and mountain views.
    Where is this flex space located?
    The property is located at 471 E 10TH St lot B8 Ketchum, ID.
    What is the asking price?
    The asking price for this property is $1,994,000.
    What are key features of this property?
    This property features: Large 3600+ sq. ft. unit in the city.; Updated with **2 & 3 Phase electrical panels.**; Suitable for Light Industrial use, possible living quarters, or storage.
    (208) 622-3400
    We can help!
    Listing Contact
    James M. Kuehn
    James M. Kuehn
    Real Estate License ID: AB16155
    Learn More
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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.

    More about this property
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