683 Woodruff AveIdaho Falls, ID 83401

Property Details for 683 Woodruff Ave

Year built

2008

Lot size

0.96 AC

Property size (Sq ft)

10,314 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

RPA1959002004O

APU

RPA1959002004O

Description

This exceptional investment opportunity presents a fully leased, 10,400 square foot, single-story office building situated on a 0.955-acre lot in Idaho Falls, Idaho. Constructed in 2008 and extensively renovated in 2023, the property boasts six individual suites, all currently under lease, ensuring immediate cash flow. The building features a convenient triple net lease structure, minimizing landlord responsibilities. Ample on-site parking is available for tenants and visitors, enhanced by a cross-accessed and cross-parked lot design. The property benefits from a prominent monument sign, providing excellent visibility and tenant representation. Located in a prime professional office corridor off Woodruff Avenue, this multi-tenant office building offers a strong return on investment. The asking price is $2,448,755. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a thriving Idaho Falls market. The property's recent renovation ensures modern amenities and long-term value. The strategic location and strong tenant occupancy make this an attractive investment for discerning buyers seeking a stable and profitable asset. The building's single-story design and ample parking further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $2,287,190

  6.5%

  $2,111,252

  7%

  $1,960,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,408,524

  Geo Method

  $3,408,524

• Alternative Use

  Use

  Valuation

  Residential

  $2,111,252

  Hospitality

  $1,933,896

  Educational

  $1,608,979

  Medical

  $1,664,314

  Retail

  $2,502,856

Location Insight

City

Idaho Falls

County

Bonneville

State

Idaho

Latitude

43.4915

Longitude

-111.998

CBSA code

26820

CBSA name

IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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