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    224 State St Shelley, ID 83274

    For Sale
    $379,000

    High-Yield, Fully Occupied, Prime Location

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property at 224 S State St, Shelley, Idaho, presents a compelling investment opportunity. The building, situated on a 0.06-acre lot (APN RP2025600), boasts 5,000 square feet across two stories and is currently 100% occupied, generating a strong 7.00% cap rate. The asking price is $379,000, translating to $75.80 per square foot. The property's zoning is designated CB, allowing for a blend of residential, office, and retail uses. Conveniently located right off Yellowstone Highway/Highway 91 in the heart of Shelley, this property benefits from high visibility and accessibility. Recent renovations have resulted in updated interiors throughout the building. Ample parking is available for tenants and customers. This turnkey investment offers a rare chance to acquire a fully occupied, high-performing asset in a thriving Idaho community. The single building structure presents a straightforward management model, minimizing operational complexities. The strong occupancy rate and consistent cash flow make this an attractive option for investors seeking a stable and profitable addition to their portfolio. This property is ready for immediate income generation.

    Property Features for 224 State St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,000 SF
    Lot Size
    2,614 SF

    Building Details

    Buildings
    1
    Stories
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelley
    County
    Bingham
    State
    Idaho
    Longitude
    -112.1254001
    Latitude
    43.3792699

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    FAQs

    What type of property is this?
    Mixed-use property - High-Yield, Fully Occupied, Prime Location
    Where is this mixed-use property located?
    The property is located at 224 State St Shelley, ID.
    What is the asking price?
    The asking price for this property is $379,000.
    (208) 881-8348
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    224 State St Shelley, ID 83274
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    Shelley, ID 83274
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 State St Shelley, ID 83274
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