Second-Generation Restaurant
New
For Sale
$1,500,000
683 Blue Lakes Blvd, Twin Falls, ID 83301
Commercial Sale, Twin Falls, ID
Property Size3,108 SF
Lot Size0.30 Acres
Price / SF$482.63
Days on Market1
Property Features for 683 Blue Lakes Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1 / Commercial
Parking
13
Exterior features
Paved Outside Area
Lot features
10000 S F - .49 Acre
Standard status
Active
APN
RPT53440010020
Size
3,108 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
Twin Falls Tf Caswell Lot 2 Block 1 (9-10-17 Ne)
Legal Description
Twin Falls Tf Caswell Lot 2 Block 1 (9-10-17 Ne)
Utilities
Utilities
Propane
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2017
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Frame, Stucco
Roof type
Flat
Listing Agency:
Gem State Realty Inc
(208) 734-0400
Listed By:
Jordan Beard · License #sp36002
(208) 420-9709
Added: Oct 7
Last Checked: Oct 7 at 9:06PM
MLS# 99003034
Copyright © 2026 Intermountain Multiple Listing Service. 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.
Built in 2017, this frame-and-stucco restaurant property has concrete flooring, a flat roof, central air, and forced-air natural gas heating. The building previously housed a MOD Pizza restaurant, and existing restaurant infrastructure remains. Propane is also listed among the utilities.
The property occupies a 0.3-acre site at 683 Blue Lakes Blvd in Twin Falls. It has dedicated parking and paved outdoor area along an established commercial corridor with retail, restaurant, lodging, and service activity nearby.
The property occupies a 0.3-acre site at 683 Blue Lakes Blvd in Twin Falls. It has dedicated parking and paved outdoor area along an established commercial corridor with retail, restaurant, lodging, and service activity nearby.
Key Highlights
- Former MOD Pizza location with existing restaurant infrastructure
- 0.3‑acre site at 683 Blue Lakes Blvd, Twin Falls, ID 83301
- Built in 2017
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
1,542
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 28%
Home Improvements & Furnishings 13%
Sushiya
Dining
4,450 visits/mo
0.3 miles
U.S. Bank
Shops & Services
3,220 visits/mo
0.4 miles
Minuteman Press
Shops & Services
3,217 visits/mo
0.4 miles
Krengel's Hardware
Home Improvements & Furnishings
2,102 visits/mo
0.4 miles
Texaco
Shops & Services
2,075 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant infrastructure and customer parking are in place along Blue Lakes Boulevard.
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: Former MOD Pizza location with existing restaurant infrastructure; 0.3‑acre site at 683 Blue Lakes Blvd, Twin Falls, ID 83301; Built in 2017
