Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 2 Ave Unit Ketchum, ID 83340

    • Commercial real estate
    • 1,355 SF
    For Sale
    View listing
    $695,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 120 2 Ave Unit

    Year built
    2001
    Property size
    1,355 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,355 square foot professional office space is located in the prestigious 120 Building in the heart of downtown Ketchum, Idaho. Currently configured as a highly functional office suite, it boasts a spacious reception/flex area perfect for client interaction or additional workspace. Three private workspaces and one private office provide ample room for individual focus and collaboration. A large break room offers a comfortable space for staff and a dedicated storage area ensures efficient organization. The property includes one reserved parking space and one storage unit conveniently located within the building's underground garage, eliminating parking hassles. This turnkey opportunity is particularly well-suited for a dental practice, with options available to acquire a fully equipped setup. The building's prime downtown location offers unparalleled access to local amenities, businesses, and a vibrant community. This is a rare opportunity to acquire a move-in ready, high-quality office space in a highly desirable location. While currently configured for a specific use, the flexible layout allows for adaptation to various professional needs. Inquire today to learn more about this exceptional property and the potential for a turnkey dental office setup. The property is also available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ketchum
    County
    Blaine
    State
    Idaho
    Longitude
    -114.365
    Latitude
    43.6781

    Comparable in this City

    • Value Estimation by Request
      471 SF

      333 Main Stb6

      COMMERCIAL (GENERAL) • 471 SF
      333 Main Stb6, Ketchum, ID 83340-9410
      View Details
    • Value Estimation by Request
      1,744 SF

      360 Sun Vly E Rd, Unit 5

      COMMERCIAL (GENERAL) • 1,744 SF
      360 Sun Vly E Rd, Ketchum, ID 83340
      View Details
    • Value Estimation by Request
      445 SF

      301 Bell Dr, Unit 7

      COMMERCIAL (GENERAL) • 445 SF
      301 Bell Dr, Ketchum, ID 83340
      View Details
    • Value Estimation by Request
      134 SF

      128 Saddle Rd, Unit 8

      COMMERCIAL (GENERAL) • 134 SF
      128 Saddle Rd, Ketchum, ID 83340
      View Details
    • Value Estimation by Request
      2,000 SF

      111 & 131 Ave

      Commercial real estate • 2,000 SF
      111 & 131 Ave, Ketchum, ID 83340
      View Details
    • Value Estimation
      $2,185,000
      20,709 SF

      400 1st Ave

      COMMERCIAL (GENERAL) • 20,709 SF
      400 1st Ave, Ketchum, ID 83340
      View Details

    Similar Nearby for Sale

    • $695,000
      1,355 SF

      Ketchum Office Space - Downtown Gem

      Prime Ketchum location, turnkey dental option available.
      120 2 Ave Unit, Ketchum, ID 83340
      View Details
    • $1,895,000
      2,831 SF

      Ketchum Industrial Loft Opportunity

      Spacious industrial unit, Baldy views, high potential.
      471 10 St Unit, Ketchum, ID 83340
      View Details
    • $2,195,000
      0.34 Acres

      Land in Ketchum with Plans

      Residential land with shovel-ready plans near trails, no HOA.
      205 Jade St, Ketchum, ID 83340
      View Details
    • $2,495,000
      0.19 Acres

      Ketchum Land Redevelopment Opportunity

      Large corner lot in Ketchum core, priced at land value.
      171 W 6 St, Ketchum, ID 83340
      View Details
    • $2,495,000
      4,828 SF

      Ketchum Core Office Building

      Large office building in Ketchum with parking and storage.
      171 W 6 St, Ketchum, ID 83340
      View Details

    Similar Nearby for Lease

    • $7,580 /Mo
      3,295 SF

      Ketchum Office Space with Deck

      Spacious office with private offices, kitchen, and rooftop deck.
      111 N Main St Lot, Ketchum, ID 83340
      View Details
    • $1,650 /Mo
      400 SF

      Ketchum Restaurant Space For Rent

      Restaurant space with shared indoor and outdoor seating available now.
      640 N Main St, Ketchum, ID 83340
      View Details
    • $2,314 /Mo
      662 SF

      Downtown Ketchum Commercial Lease Opportunity

      Prime commercial space in downtown Ketchum, available for lease.
      lot Retail C N Main St, Ketchum, ID 83340
      View Details
    • $4,157 /Mo
      1,279 SF

      Downtown Ketchum Commercial Lease Opportunity

      Prime commercial space in downtown Ketchum's pedestrian corridor.
      lot Retail A N Main St, Ketchum, ID 83340
      View Details
    • $5,877 /Mo
      1,679 SF

      Retail Space in Downtown Ketchum

      Commercial space for lease in downtown Ketchum, available Spring 2026.
      lot Retail B N Main St, Ketchum, ID 83340
      View Details
    • $1,650 /Mo

      Ketchum Office Space For Lease

      Office space in Ketchum with excellent access to amenities.
      401 Lewis St, Ketchum, ID 83340
      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.
    120 2 Ave Unit
    Ketchum, ID 83340
    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

    Google sign-in failed. Please try again or use another login method.