Second-Generation Restaurant
New
For Sale
$1,500,000
683 Blue Lakes Blvd, Twin Falls, ID 83301
Existing restaurant infrastructure offers a starting point for a new operator, subject to applicable zoning and approvals.
Property Size3,108 SF
Price / SF$482.63
Days on Market3
Property Features for 683 Blue Lakes Blvd
General Information
Standard status
Active
Size
3,108 SF
Property subtype
Commercial
Amenities
Garage: 11 - 20 Spaces
11 - 20 Spaces
Building Details
Year Built
2017
Buildings
1
Listing Agency:
Gem State Realty Inc
Listed By:
Jordan Beard · License #SP36002
(208) 308-4585
Source:
Clearwaterproperties
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 7:41AM
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 Gem State Realty Inc
Investment Insights
Based on property information with market context.
This 2017 restaurant property has a second-generation layout and existing infrastructure from its prior restaurant use. The improvements may support a future restaurant operation, while other commercial uses would be subject to zoning and approvals.
The property is at 683 Blue Lakes Blvd in Twin Falls, along an established commercial corridor. Retail, dining, lodging, and service businesses are active in the surrounding area. Dedicated parking is available on site.
The property is at 683 Blue Lakes Blvd in Twin Falls, along an established commercial corridor. Retail, dining, lodging, and service businesses are active in the surrounding area. Dedicated parking is available on site.
Key Highlights
- Second‑generation restaurant layout with existing infrastructure
- Built in 2017
- 11 - 20 Spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,909
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,180
$998.2K
Cap Rate 7%
$712,986
$713.0K
Cap Rate 9%
$554,544
$554.5K
Market Conditions
NOI Build-Up for 3,108 SF
Gross rent
$68.3K $21.96/SF
− Vacancy
−$1.7K −$0.55/SF
EGI
$66.5K $21.41/SF
− OpEx
−$16.6K −$5.35/SF
NOI
$49.9K $16.06/SF
Area
Twin Falls County, ID
Vacancy
2.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,180
Cap Rate 7%
$712,986
Cap Rate 9%
$554,544
Alternative Uses
Best Use
Specialty Retail
$713.0K
$623.9K – $831.8K
NOI $49,909 @ 7.0% cap · market cap 3.33%
Second Best
Retail
$658.6K
$576.3K – $768.4K
NOI $46,104 @ 7.0% cap · market cap 3.07%
Theoretical Best
—
—
same as Best Use
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
1,220
Businesses Nearby
303k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 31%
Groceries 21%
Apparel 6%
Fred Meyer
Groceries
62,648 visits/mo
0.1 miles
Dollar Tree
Shops & Services
33,266 visits/mo
0.4 miles
Fred Meyer Gas Station
Shops & Services
23,240 visits/mo
0.2 miles
Maverik Adventures First Stop
Shops & Services
21,539 visits/mo
0.2 miles
Wendy's
Dining
15,663 visits/mo
0.3 miles
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- China Buffet — 570 Blue Lakes Blvd N, Twin Falls, ID 83301
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant infrastructure offers a starting point for a new operator, subject to applicable zoning and approvals.
Where is this conventional restaurant located?
The property is located at 683 Blue Lakes Blvd Twin Falls, ID.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Second‑generation restaurant layout with existing infrastructure; Built in 2017; 11 - 20 Spaces
