Idaho Falls Office and
765 Lindsay Blvd Idaho Falls, ID 83402
765 Lindsay Blvd, Idaho Falls, ID, 83402
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For Sale
Contact for pricing
Office and R&D center with high ceilings and parking.
Property Size36,000 SF
Price / SF$302.78
Days on Market691
Property Features for 765 Lindsay Blvd
General Information
- Standard status
- Active
- Size
- 36,000 SF
- Property subtype
- Office
Listing Agency
Venture One Properties
(208) 542-7979
Listed by
Shane Murphy · License #ID DB24210
Source
Crexi
Added: Aug 30, 2024 Updated: Jul 10 at 3:44 pm Checked: Jul 17 at 3:39 am
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $604.8k | $16.80 |
| − Vacancy | −$84.7k | −$2.35 |
| EGI | $520.1k | $14.45 |
| − OpEx | −$130.0k | −$3.61 |
| NOI | $390.1k | $10.84 |
36,000 SF · lease $16.80/SF/yr · vacancy 14.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dance Designs Inc
Theater & Performing Art Venue
Idaho National Labs
High School
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FAQs
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
