Remodeled Short-Term Rental
New
For Sale
$350,000
653 S 4th Avenue, Pocatello, ID 83201
Commercial Sale, Pocatello, ID
Property Size4,337 SF
Lot Size0.14 Acres
Price / SF$80.70
Days on Market5
Property Features for 653 S 4th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Zoning: Po Commercial G, Specific Zoning: Pocatello-Commercial General
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 2, Bathroom 3
Parking features
On Street
Basement
Full, Partially Finished, Exterior Entry
Subdivision
Pocatello Townsite-Ban
Lot features
Near Public Transit, Near University/ College, Established Lawn, Many Trees, Corner Lot, Level
Directions
Input address into you GPS for precise driving directions to the property.
Standard status
Active
APN
RPPOC210100
Size
4,337 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E80' X S2 LOT 8 E80' LOTS 9 & 10 BLOCK 319 POCATELLO TOWNSITE
Tax Annual Amount
3812
Legal Description
E80' X S2 LOT 8 E80' LOTS 9 & 10 BLOCK 319 POCATELLO TOWNSITE
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty East Idaho
(208) 529-8888
Listed By:
Adrianne Godfrey
(208) 206-2606
Added: Sep 23
Last Checked: Sep 27 at 12:06PM
MLS# 2186945
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 4,337-square-foot short-term rental property includes 7 bedrooms, a dedicated office, three bathrooms, and a basement. The main and upper levels have been remodeled and are ready for occupancy. An enclosed porch and corner-lot setting add functional space to the 0.14-acre parcel, while on-street parking serves the property.
The property is currently operated as a short-term room rental and is commercially zoned. Its location near Idaho State University, public transportation, restaurants, and entertainment supports continued lodging use and other housing-oriented operating concepts. Public water and public sewer serve the property, which was built in 1940 and features metal siding, a composition roof, natural gas forced-air heat, and central air conditioning.
The property is currently operated as a short-term room rental and is commercially zoned. Its location near Idaho State University, public transportation, restaurants, and entertainment supports continued lodging use and other housing-oriented operating concepts. Public water and public sewer serve the property, which was built in 1940 and features metal siding, a composition roof, natural gas forced-air heat, and central air conditioning.
Key Highlights
- 4,337‑square‑foot property on a 0.14‑acre corner lot
- 7 bedrooms plus a dedicated office
- Main and upper levels remodeled and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$545,000
$545.0K
Cap Rate 7%
$389,286
$389.3K
Cap Rate 9%
$302,778
$302.8K
Market Conditions
NOI Build-Up for 4,337 SF
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.
Gross rent
$52.0K $12.00/SF
− Vacancy
−$2.5K −$0.58/SF
EGI
$49.5K $11.42/SF
− OpEx
−$22.3K −$5.14/SF
NOI
$27.3K $6.28/SF
Area
Bannock County, ID
Vacancy
4.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$545,000
Cap Rate 7%
$389,286
Cap Rate 9%
$302,778
Alternative Uses
Best Use
Apartment 5plus
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.7K
$628.8K – $838.4K
NOI $50,306 @ 7.0% cap · market cap 14.37%
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
1,720
Businesses Nearby
Explore this area
Business Placement
Demographics for 83201, ID
38,921
Population
15,885
Households
2.5
Avg Household Size
33
Median Age
34%
College-Educated
94%
High-School Grad
34.2 sq mi
ZIP Area
1,138
Density / Sq Mi
$63,209
Median Household Income
$34,118
Median Earnings
$905
Median Rent
$256,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Commercial zoning and a corner-lot layout support flexible lodging use near Idaho State University.
Where is this short term rental property located?
The property is located at 653 S 4th Avenue Pocatello, ID.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4,337‑square‑foot property on a 0.14‑acre corner lot; 7 bedrooms plus a dedicated office; Main and upper levels remodeled and ready for occupancy
