Office Units with
For Sale
$359,000
480 West Sunnyside Road, Idaho Falls, ID 83402
Office property with private workspaces, meeting space, basement storage, and a required municipal variance for business operations.
Property Size1,635 SF
Days on Market111
Property Features for 480 West Sunnyside Road
General Information
Standard status
Active
Size
1,635 SF
Class
B
Total Parking Spaces
3
Property subtype
Office
Amenities
air conditioning
yard sprinkler system
courtyard area
Building Details
Building Size
1,635 SF
Year Built
1979
Listing Agency:
SVN High Desert Commercial
Listed By:
Randy Waters · License #ID #SP31104
(208) 535-8520
Source:
Svn
Added: Jun 29
Changed: Oct 5
Last Checked: Oct 16 at 7:46AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property, built in 1979, provides five private offices, a reception area with a gas fireplace, a conference room, and a restroom with a shower. The layout also includes a 435 SF basement and a 200 SF covered back patio with direct basement access. Air conditioning, a three-car garage, a courtyard, and a yard sprinkler system are included among the property improvements.
Business use at the property requires a variance from the City. The combination of dedicated office rooms, meeting space, accessory storage, and outdoor areas supports a range of professional office configurations while retaining useful on-site amenities.
Business use at the property requires a variance from the City. The combination of dedicated office rooms, meeting space, accessory storage, and outdoor areas supports a range of professional office configurations while retaining useful on-site amenities.
Key Highlights
- Five private offices with reception area and conference room
- 435 SF basement with access from the covered patio
- 200 SF covered back patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,717
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,340
$354.3K
Cap Rate 7%
$253,100
$253.1K
Cap Rate 9%
$196,856
$196.9K
Market Conditions
NOI Build-Up for 1,635 SF
Gross rent
$27.5K $16.80/SF
− Vacancy
−$3.8K −$2.35/SF
EGI
$23.6K $14.45/SF
− OpEx
−$5.9K −$3.61/SF
NOI
$17.7K $10.84/SF
Area
Bonneville County, ID
Vacancy
14.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,340
Cap Rate 7%
$253,100
Cap Rate 9%
$196,856
Alternative Uses
Best Use
Office B
$253.1K
$221.5K – $295.3K
NOI $17,717 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.2K
$316.1K – $421.4K
NOI $25,286 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Office property with private workspaces, meeting space, basement storage, and a required municipal variance for business operations.
Where is this office units located?
The property is located at 480 West Sunnyside Road Idaho Falls, ID.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Five private offices with reception area and conference room; 435 SF basement with access from the covered patio; 200 SF covered back patio
