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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    151 Houston Cir Idaho Falls, ID 83402-5089

    • Strip malls
    • 9,672 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0317267
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 151 Houston Cir

    Year built
    2007
    Property size
    9,672 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    LRA00007240151
    APU
    LRA00007240151

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.051
    Latitude
    43.4953
    CBSA code
    26820
    CBSA name
    IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,351
    $0.00
    $1,355,430
    $1,355,430
    -
    $0.00
    $1,355,430
    $1,355,430

    Comparable in this City

    • Value Estimation
      $665,000
      23,864 SF

      1570 Broadway St

      SHOPPING CENTER, STRIP CENTER • 23,864 SF
      1570 Broadway St, Idaho Falls, ID 83402-2634
      View Details
    • Value Estimation by Request
      11,500 SF

      425 Utah Ave

      SHOPPING CENTER, STRIP CENTER • 11,500 SF
      425 Utah Ave, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      14,340 SF

      3145 Mcneil Dr

      SHOPPING CENTER, STRIP CENTER • 14,340 SF
      3145 Mcneil Dr, Idaho Falls, ID 83402-4710
      View Details
    • Value Estimation by Request
      5,201 SF

      1972 Broadway St

      SHOPPING CENTER, STRIP CENTER • 5,201 SF
      1972 Broadway St, Idaho Falls, ID 83402-3042
      View Details
    • Value Estimation
      $695,000
      20,260 SF

      1190 Lindsay Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 20,260 SF
      1190 Lindsay Blvd, Idaho Falls, ID 83402
      View Details
    • Value Estimation by Request
      15,405 SF

      405 17th St

      WHOLESALE OUTLET, DISCOUNT STORE • 15,405 SF
      405 17th St, Idaho Falls, ID 83402-4217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      157,608 SF

      Retail Center with Ample Parking

      Fred Meyer anchored retail center with established co-tenants.
      1601 N Northgate Mile, Idaho Falls, ID 83402
      View Details
    • $849,000
      5,916 SF

      Idaho Falls Retail/Restaurant Opportunity

      Freestanding 5,916 SF building ideal for retail or restaurant ventures.
      1505 W Broadway St, Idaho Falls, ID 83402
      View Details
    • Contact for pricing

      Prime Retail Location in Idaho

      High-visibility retail space on a major Idaho Falls corridor.
      1175 E 17Th St, Idaho Falls, ID 83402
      View Details
    • $1,750,000
      9,400 SF

      Idaho Falls Restaurant Opportunity

      Turnkey restaurant in downtown Idaho Falls with growth potential.
      298 D St, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      12,000 SF

      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
    • $999,900
      30,000 SF

      Idaho Falls Commercial Property For Sale

      30,000 sq ft commercial property near Snake River Landing.
      751 Chamberlin, Idaho Falls, ID 83402
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      1,000,000 SF

      Idaho Falls Retail Center Investment Opportunity

      Prime Retail Space, Idaho Falls, 1M+ SQFT
      & I-15 Sunnyside Blvd, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      11,200 SF

      Downtown Idaho Falls Retail Space

      Idaho Falls creative office & retail suites.
      635 Park Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      9,590 SF

      Idaho Falls Retail Center

      Prime I-15 location, 9,590 sq ft available.
      & I-15 Sunnyside Rd, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      22,283 SF

      Idaho Falls Executive Office Space

      Prime Downtown Location, Abundant Parking
      320-340 A St, Idaho Falls, ID 83402
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    • Contact for pricing
      3,823 SF

      Idaho Falls Service Shop For Lease

      Service shop for lease in Idaho Falls, approximately 3823 SF.
      760 Northgate Mile, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      1,722 SF

      Idaho Falls Office/Flex Space

      1,722 SF office/flex space featuring showroom, kitchen, and shop.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
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    151 Houston Cir
    Idaho Falls, ID 83402-5089
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    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
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