Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2020 Heyrend Way Idaho Falls, ID 83402
    Back to Search
    Property profile & analytics

    2020 Heyrend Way, Idaho Falls, ID 83402

    View on Map
    • Warehouses
    • 153,581 SF
    • 6.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Idahoan Package CO (Warehouse 331) / Business Related

    Property Details for 2020 Heyrend Way

    Lot size
    6.00 lot acres
    Property type
    Warehouses
    Property subtype
    Refrigerated & Cold Storage

    Description

    This exceptional 153,581-square-foot industrial property in Idaho Falls, ID, offers immediate availability. Located at 2020 Heyrend Way, 83402, this single-tenant building sits on six acres and boasts versatile space ideal for refrigerated/cold storage, manufacturing, warehousing, or distribution. The building features a 20' to 24' ceiling height, four dock-high doors, and approximately 72,000 square feet of vacant space. A significant portion, approximately 15,000 square feet, is climate-controlled, providing flexibility for various operational needs. The property includes existing office space and restrooms, offering potential for expansion and customization to suit tenant requirements. Its location in the well-maintained Heyrend Industrial Park provides easy access to central Idaho Falls and surrounding areas. Ample on-site parking accommodates employees and trailers. The property is zoned Bonneville County C-2 (General Commercial), ensuring operational flexibility. This rare opportunity presents a significant advantage for businesses seeking immediate occupancy in a prime Idaho Falls location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.073
    Latitude
    43.4507

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      5354 Hancock Ave

      Distribution properties
      5354 Hancock Ave, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      30,000 SF

      1700 International Way

      Distribution properties
      1700 International Way, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      30,000 SF

      Tbd International Way

      Distribution properties
      0 Tbd International Way, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      140,000 SF

      6301 Doug Andrus Dr

      Distribution properties
      6301 Doug Andrus Dr, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      40,000 SF

      Pedersen St

      Distribution properties
      0 Pedersen St, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      96,398 SF

      5440 Doug Andrus Dr

      Distribution properties
      5440 Doug Andrus Dr, Idaho Falls, ID 83402
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Open Warehouse with Office Space

      Warehouse with office, high ceilings, ample power, and parking.
      2582 Heyrend Way, Idaho Falls, ID 83402
      View Details
    • Contact for pricing

      Idaho Falls Office and R&D

      Office and R&D center with high ceilings and parking.
      765 Lindsay Blvd, Idaho Falls, ID 83402
      View Details
    • $1,124,471
      4.92 Acres

      Idaho Falls Commercial Opportunity

      Prime commercial land near I-15 in Idaho Falls.
      Wardell Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      30,000 SF

      Idaho Falls Industrial/Flex Build-to-Suit

      Exceptional industrial/flex space near Idaho Falls Regional Airport.
      Tbd International Way, Idaho Falls, ID 83402
      View Details
    • $1,953,637
      9.15 Acres

      Idaho Falls Commercial Opportunity

      9.15 acres of commercial land near I-15.
      Wardell Lot 4&5, Idaho Falls, ID 83402
      View Details
    • $829,166
      4.23 Acres

      Idaho Falls Commercial Opportunity

      Prime commercial land near I-15 in Idaho Falls.
      Wardell Ave, Idaho Falls, ID 83402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Industrial Space with Accessibility

      New construction industrial space with multiple docks and highway access.
      4125 Bombardier Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing

      Idaho Falls New Industrial Project

      New construction industrial project with customizable space in Idaho Falls.
      Idaho Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing

      Idaho Falls Industrial Yard Space

      Industrial yard space in Idaho Falls with highway access.
      743 S Capital Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing

      Versatile Property with Yard and Showroom

      Single-user property with flexible space, yard, and showroom potential.
      W Omni Dr, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      2,022 SF

      Idaho Falls Flex Suite

      2,022 SF flex suite with offices and warehouse space.
      1230 Skyline Dr, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      3,842 SF

      Idaho Falls Shop/Office Suite

      3,842 SF flex space near downtown and airport.
      1230 Skyline Dr, Idaho Falls, ID 83402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2020 Heyrend Way
    Idaho Falls, ID 83402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2020 Heyrend Way, Idaho Falls, ID, 83402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!