Building Details

Year Built 1972

Listing Agency: Venture One Properties

Listed By: Shane Murphy · License #DB24210 Show Phone

Source: Noplacelikeidaho

Added: Mar 26 Changed: Oct 2 Last Checked: Oct 7 at 12:59PM

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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 Venture One Properties

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Investment Insights

Based on property information with market context.

The property at 765 Lindsay Blvd. in Idaho Falls comprises 32,350 square feet, featuring a 9,000 square foot two-story office space and a 23,350 square foot R&D center with a 31-foot ceiling height. An adjacent property at 775 Lindsay Blvd. offers 36,000 square feet, including 6,589 square feet of common area and 29,411 square feet of professional office space. The office space includes four hard wall offices or training rooms, two conference rooms, an open bull area, climate-controlled computer rooms, a common area, and kitchen and break rooms. The building features 31-foot high ceilings, a climate-controlled data room, and city fiber connectivity. It meets all government requirements and provides 200 parking stalls. The property is adjacent to hotels, restaurants, the city center, and the River Walk Greenbelt. It also includes a large outside compound area and is located directly off Interstate I-15 with visibility.

Key Highlights

• Directly off Interstate I‑15 with Visibility
• 31 foot High Ceilings
• 32,350 SQ. FT. R&D Center and 36,000 SQ. FT. Professional Office Space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$740,641

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,812,820 $14.8M

Cap Rate 7%

$10,580,586 $10.6M

Cap Rate 9%

$8,229,344 $8.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 68,350 SF

Gross rent

$1.15M $16.80/SF

− Vacancy

−$160.8K −$2.35/SF

EGI

$987.5K $14.45/SF

− OpEx

−$246.9K −$3.61/SF

NOI

$740.6K $10.84/SF

Area

Bonneville County, ID

Vacancy

14.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,812,820

Cap Rate 7%

$10,580,586

Cap Rate 9%

$8,229,344

Alternative Uses

Best Use

Office B

$10.58M

$9.26M – $12.34M (±1% cap)

NOI $740,641 @ 7.0% cap · market cap 6.79%

Second Best

Flex RnD

$6.02M

$5.27M – $7.02M (±1% cap)

NOI $421,439 @ 7.0% cap · market cap 3.87%

Theoretical Best

Office A

$15.10M

$13.21M – $17.62M (±1% cap)

NOI $1,057,074 @ 7.0% cap · market cap 9.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dance Designs Inc Theater & Performing Art Venue Idaho National Labs High School

Suggested Use

Top Pick Pharmacy Veterinary Clinic Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,113

Businesses Nearby

Explore this area Business Placement

Demographics for 83402, ID

28,452

Population

11,983

Households

2.4

Avg Household Size

34

Median Age

31%

College-Educated

92%

High-School Grad

171.0 sq mi

ZIP Area

166

Density / Sq Mi

$72,064

Median Household Income

$35,593

Median Earnings

$904

Median Rent

$301,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office and R&D center with high ceilings and parking.

Where is this office building located?

The property is located at 765 /775 Lindsay Blvd Idaho Falls, ID.

What is the asking price?

The asking price for this property is $10,900,000.

What are key features of this property?

This property features: Directly off Interstate I‑15 with Visibility; 31 foot High Ceilings; 32,350 SQ. FT. R&D Center and 36,000 SQ. FT. Professional Office Space