Live-Work Property with
New
For Sale
$255,000
498 9th Street, Idaho Falls, ID 83404
Commercial Sale, Idaho Falls, ID
Property Size1,516 SF
Lot Size0.13 Acres
Price / SF$168.21
Days on Market6
Property Features for 498 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Zoning: If Res Shopping Ce, Specific Zoning: Idaho Falls-Tn-Traditional Nbh
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking
3
Parking features
Garage, Off Street
Basement
Daylight, Full, Partially Finished
Subdivision
Crows Addition-Bon
Lot features
High Traffic, Interstate Exit/ Access, Near Mall/ Shop, Near Schools, Near University/ College, Established Lawn, Many Trees, Corner Lot, Level
Directions
From 17th & Holmes, head North on Holmes past 10th, to just before 9th St turn left into alley garage parking.
Standard status
Active
APN
RPA0540033001B
Size
1,516 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 LESS ST, LOT 2, BLOCK 33, CROWS SE1/4, SEC 19, T 2N, R 38
Tax Annual Amount
2147
Legal Description
LOT 1 LESS ST, LOT 2, BLOCK 33, CROWS SE1/4, SEC 19, T 2N, R 38
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
oversized one-car garage
Building Details
Year built
1940
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty East Idaho
(208) 529-8888
Listed By:
The Jones Group · License #3046_9040
(208) 821-1110
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 12:06PM
MLS# 2189607
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,516-square-foot live-work property was built in 1940 and sits on a 0.13-acre lot. A 2001 renovation included a metal roof and siding, updated windows, plumbing, and heating systems. The layout includes a bathroom and basement, with an oversized one-car garage and off-street parking.
Located at 498 9th Street in Idaho Falls, the property is zoned TN. Residential and business use are identified as possibilities, with intended use subject to confirmation by the appropriate zoning authority.
Located at 498 9th Street in Idaho Falls, the property is zoned TN. Residential and business use are identified as possibilities, with intended use subject to confirmation by the appropriate zoning authority.
Key Highlights
- 1,516‑square‑foot property on a 0.13‑acre lot
- TN zoning; confirm intended use with the appropriate zoning authority
- 2001 renovation included updated windows, plumbing, and heating systems
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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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 accommodates residential and business uses, subject to confirmation with the appropriate 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 property on a 0.13‑acre lot; TN zoning; confirm intended use with the appropriate zoning authority; 2001 renovation included updated windows, plumbing, and heating systems
