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    1777 Alvin Ricken Dr Pocatello, ID 83201

    Sponsored
    For Sale
    $5,760,000

    28,800 SF Office, 158 Parking Spaces

    Property size:
    28,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 28,800-square-foot office building in Pocatello, Idaho, presents a unique investment opportunity. Situated on a 4.91-acre lot with 158 parking spaces, this two-story structure is ideally suited for research, engineering, or general office use. Currently vacant and ready for immediate occupancy in Q2-Q3 2025, the building offers a flexible layout adaptable to various needs. Its strategic location along Alvin Ricken Drive provides easy access to I-15, ensuring excellent regional connectivity. The property benefits from a 50-year ground lease at a nominal annual rate of $1.00, eliminating property taxes. Zoned U (University), this location is within a Research and Business Park, close to high-tech manufacturing and Idaho State University. Enjoy the convenience of city utilities (water, sewer, trash from the City of Pocatello

    Property Features for 1777 Alvin Ricken Dr

    General Information

    Property type
    Medical offices
    Square Feet
    28,800 SF
    Lot Size
    213,880 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Move‑in ready; suitable for research, engineering, or general office use.
    • Highly flexible layout adaptable to various needs.
    • Ample parking: approximately 158 spaces.
    • Excellent location on Alvin Ricken Drive, with easy I‑15 access.
    • Ground lease; no property taxes.
    • Strategic I‑15 access via Center Street exit.
    Property Profile Location Intelligence

    Current Use by Public Records

    On Semiconductor Pocatello Manufacturer

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Building Supply Clothing Store Gym & Fitness Pharmacy Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Pocatello
    County
    Bannock
    State
    Idaho
    Longitude
    -112.4124023
    Latitude
    42.8657174

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    FAQs

    What type of property is this?
    Medical office - 28,800 SF Office, 158 Parking Spaces
    Where is this medical office located?
    The property is located at 1777 Alvin Ricken Dr Pocatello, ID.
    What is the asking price?
    The asking price for this property is $5,760,000.
    What are key features of this property?
    This property features: Move-in ready; suitable for research, engineering, or general office use.; Highly flexible layout adaptable to various needs.; Ample parking: approximately 158 spaces.
    Request Owner's contact information
    1777 Alvin Ricken Dr Pocatello, ID 83201
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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
    1777 Alvin Ricken Dr Pocatello, ID 83201
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