Idaho Falls Office and
For Sale
Contact for pricing
765 Lindsay Blvd, Idaho Falls, ID 83402
Office and R&D center with high ceilings and parking.
Property Size36,000 SF
Price / SF$302.78
Days on Market736
Property Features for 765 Lindsay Blvd
General Information
Standard status
Active
Size
36,000 SF
Property subtype
Office, Industrial
Zoning
Highway Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$732,865
Building Details
Year Built
1960
Buildings
2
Tenancy
Single
Listing Agency:
Venture One Properties
Listed By:
Shane Murphy · License #ID DB24210
(208) 542-7979
Source:
Crexi
Added: Aug 30, 2024
Changed: Aug 31
Last Checked: Sep 1 at 4:49AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$390,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,801,920
$7.8M
Cap Rate 7%
$5,572,800
$5.6M
Cap Rate 9%
$4,334,400
$4.3M
Market Conditions
NOI Build-Up for 36,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$604.8K $16.80/SF
− Vacancy
−$84.7K −$2.35/SF
EGI
$520.1K $14.45/SF
− OpEx
−$130.0K −$3.61/SF
NOI
$390.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,801,920
Cap Rate 7%
$5,572,800
Cap Rate 9%
$4,334,400
Alternative Uses
Best Use
Office B
$5.57M
$4.88M – $6.50M
NOI $390,096 @ 7.0% cap · market cap 3.58%
Second Best
Flex RnD
$3.17M
$2.77M – $3.70M
NOI $221,972 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$7.95M
$6.96M – $9.28M
NOI $556,762 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 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
