Live-Work Property with
New
For Sale
$255,000
498 9th Street, Idaho Falls, ID 83404
TN zoning supports consideration of residential and business use, subject to confirmation with the zoning authority.
Property Size1,516 SF
Price / SF$168.21
Days on Market5
Property Features for 498 9th Street
General Information
Standard status
Active
Size
1,516 SF
Property subtype
Commercial
Zoning
TN
Additional Details
Asking Price
$255,000
Amenities
oversized one-car garage
Building Details
Year Built
1940
Year Renovated
2001
Listing Agency:
Keller Williams Realty East Idaho
Listed By:
The Jones Group · License #3046_9040
(208) 529-8888
Source:
Townsendrealtyteam
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:37PM
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 Keller Williams Realty East Idaho
Investment Insights
Based on property information with market context.
Built in 1940, this 1,516-square-foot live-work property received a substantial renovation in 2001. Improvements included a metal roof and siding, replacement windows, updated plumbing, and heating systems. An oversized one-car garage adds space for storage or equipment.
The property is at 498 9th Street in Idaho Falls. Its TN zoning may support residential and business use; buyers should verify intended uses with the appropriate zoning authority.
The property is at 498 9th Street in Idaho Falls. Its TN zoning may support residential and business use; buyers should verify intended uses with the appropriate zoning authority.
Key Highlights
- 1,516‑square‑foot live‑work property built in 1940
- 2001 renovation included a metal roof, metal siding, updated windows, plumbing, and heating systems
- Oversized one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,427
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,540
$328.5K
Cap Rate 7%
$234,671
$234.7K
Cap Rate 9%
$182,522
$182.5K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$25.5K $16.80/SF
− Vacancy
−$3.6K −$2.35/SF
EGI
$21.9K $14.45/SF
− OpEx
−$5.5K −$3.61/SF
NOI
$16.4K $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%
$328,540
Cap Rate 7%
$234,671
Cap Rate 9%
$182,522
Alternative Uses
Best Use
Office B
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 6.44%
Second Best
Mixed Use
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$334.9K
$293.1K – $390.8K
NOI $23,446 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 83404, ID
25,491
Population
9,606
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
92%
High-School Grad
25.0 sq mi
ZIP Area
1,020
Density / Sq Mi
$79,211
Median Household Income
$36,802
Median Earnings
$1,013
Median Rent
$355,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - TN zoning supports consideration of residential and business use, subject to confirmation with the zoning authority.
Where is this live-work space located?
The property is located at 498 9th Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,516‑square‑foot live‑work property built in 1940; 2001 renovation included a metal roof, metal siding, updated windows, plumbing, and heating systems; Oversized one‑car garage
