1233 Parkway Dr Blackfoot, ID 83211
- Commercial real estate
- 0.83 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1233 Parkway Dr
- Lot size
- 0.83 lot acres
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- RP1315404
- APU
- RP1315404
Description
This exceptional multi-tenant retail investment property, located at 1233 Parkway Drive in Blackfoot, Idaho, presents a compelling opportunity. The 8,235 square foot Village Multi-Tenant Strip Center boasts a prime location directly off Interstate I-15, offering unparalleled visibility and accessibility. Its strategic position along the gateway to Blackfoot ensures high traffic volume and strong exposure to a substantial customer base. The property benefits from its adjacency to a shadow anchor Walmart, further enhancing its desirability and attracting a diverse range of clientele. Current tenants include a mix of established national brands such as Cricket Wireless, AT&T, Domino's Pizza, Jimmy John's, and The Cash Store, providing a stable and diversified income stream. The property sits on a 0.19-acre lot. The co-tenancy includes additional major players such as Walmart, T-Mobile, and Verizon, creating a synergistic retail environment that amplifies the overall appeal and value of the center. This investment opportunity offers strong potential for long-term growth and return, making it an ideal addition to any portfolio seeking exposure to a thriving Idaho market. The property's location and tenant mix provide a compelling investment proposition with significant upside potential. The property is priced at $2,362,548.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $480,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $545,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $580,000
- Mixed-Use
- $590,000
- Hospitality
- $590,000
- Educational
- $595,000
- Residential Income
- $570,000
- Energy
- $455,000
- Income-Based Land
- $525,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Blackfoot
- County
- Bingham
- State
- Idaho
- Longitude
- -112.359
- Latitude
- 43.1969
- CBSA code
- 13940
- CBSA name
- BLACKFOOT, ID MICROPOLITAN STATISTICAL AREA