Flex Property With Shop
New
For Sale
$2,800,000
540 Emerson Avenue, Idaho Falls, ID 83401
COMMERCIAL - Idaho Falls, ID
Property Size8,296 SF
Price / SF$187.97
Days on Market2
Property Features for 540 Emerson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Zoning: If Commercial, Specific Zoning: Idaho Falls-Cc-Central Commer
Parking features
Parking Lot, On Street
Accessibility
Accessible Approach with Ramp
Lot features
High Traffic
Directions
Corner of Emerson and Garfield.
Standard status
Active
APN
RPA0420013025A
Size
14,896 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
N1/2 Lots 25-20, Block 13 Capitol Hill and Lots 31-32 Block 13 Capitol
Tax Annual Amount
7634
Legal Description
N1/2 Lots 25-20, Block 13 Capitol Hill and Lots 31-32 Block 13 Capitol
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Building materials
Metal Frame, Metal Siding
Roof type
Membrane
Listing Agency:
Boss Real Estate
(208) 970-9170
Listed By:
Jayce Howell
(208) 970-9170
Added: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 2181297
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 flex property includes an 8,296-square-foot main building with open work areas and private offices, along with a separate 6,600-square-foot shop building. The shop has four overhead doors and restroom facilities, supporting a range of operational and service-oriented functions. A paved 0.42-acre lot is also included in the offering.
The improvements are located at 540 Emerson Avenue and 325 Garfield, while the vacant lot is at 500 Northgate Mile. The Northgate Mile parcel provides direct corridor exposure. Parking includes a dedicated lot and on-street spaces. The property was built in 2000 and features metal frame construction, metal siding, a membrane roof, natural gas forced-air heat, central air, public water, and public sewer.
The improvements are located at 540 Emerson Avenue and 325 Garfield, while the vacant lot is at 500 Northgate Mile. The Northgate Mile parcel provides direct corridor exposure. Parking includes a dedicated lot and on-street spaces. The property was built in 2000 and features metal frame construction, metal siding, a membrane roof, natural gas forced-air heat, central air, public water, and public sewer.
Key Highlights
- 8,296 SF main building with open areas and private offices
- 6,600 SF shop building with 4 overhead doors and restrooms
- Paved 0.42‑acre vacant lot at 500 Northgate Mile
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $250.3k | $16.80 |
| − Vacancy | −$35.0k | −$2.35 |
| EGI | $215.2k | $14.45 |
| − OpEx | −$53.8k | −$3.61 |
| NOI | $161.4k | $10.84 |
14,896 SF · lease $16.80/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.31M
$2.02M – $2.69M
NOI $161,413 @ 7.0% cap · market cap 5.76%
Second Best
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,847 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,376 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Authentic Mexican food stand — Memorial Dr, Idaho Falls, ID 83402
- Lost River Smokehouse — 452 S Holmes Ave, Idaho Falls, ID 83404
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial property combines office areas, operational space, parking, and a paved commercial lot.
Where is this flex space located?
The property is located at 540 Emerson Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 8,296 SF main building with open areas and private offices; 6,600 SF shop building with 4 overhead doors and restrooms; Paved 0.42‑acre vacant lot at 500 Northgate Mile
