Idaho Falls Commercial Asset
540 N Emerson Ave, Idaho Falls, ID 83401
Centrally located commercial property with flexible buildings and vacant lot.
Property size:
14,896 SFLot size:
0.42 AcresPrice / SF:
$187/SF- Added:
- Jan 6, 2026
- Days on Market:
- 147
- Last Refresh:
- May 19 at 10:58 pm
Property Features for 540 N Emerson Ave
General Information
- Standard status
- Active
- Size
- 14,896 SF
- Lot size
- 0.42 Acres
Listing agent Jayce Howell (208) 589-9467
Listing office Boss Real Estate (208) 589-9467
Listing date Jan 6, 2026
Source Exprealty
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 Boss Real Estate
HighLights
- Centrally located in Idaho Falls with high visibility on Northgate Mile.
- Main 8,296 SF commercial building with flexible layout.
- 6,600 SF shop building with 4 overhead doors.
- Includes a .42 acre paved vacant lot on Northgate Mile.
- Ample on‑site parking for employees, customers, and service vehicles.
- Suitable for owner‑users or investors seeking a flexible commercial asset.
Overview
Centrally located in Idaho Falls, this offering presents a strong opportunity for owner-users or investors seeking a flexible, well-positioned commercial asset. The property includes an 8,296 square foot main building with a parking lot, and a 6,600 square foot shop building. Additionally, there is a 0.42 acre paved vacant lot located on Northgate Mile, offering strong visibility along an established commercial corridor. The main commercial building features a flexible layout with open floor areas and private offices. The on-site shop building supports operational or service-oriented uses and includes 4 overhead doors and restroom facilities. Ample on-site parking is included to accommodate employees, customers, and service vehicles. The total property size is 14,896 square feet.
Local 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 local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.0282911
- Latitude
- 43.5008148
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Centrally located commercial property with flexible buildings and vacant lot.
Where is this flex space located?
The property is located at 540 N Emerson Ave 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: Centrally located in Idaho Falls with high visibility on Northgate Mile.; Main 8,296 SF commercial building with flexible layout.; 6,600 SF shop building with 4 overhead doors.
