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    1970 East 17Th St Idaho Falls, ID 83404
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    Property profile & analytics

    1970 East 17Th St Idaho Falls, ID 83404

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    • Office buildings
    • 22,574 SF
    • 1.20 lot acres
    For Sale
    $860,000
    View Listing →
    Clean Office Space Available For Sale
    $860,000

    Clean Office Space Available

    Corner office space located on 17th Street and Hoopes.

    1970 East 17th Street, Idaho Falls, ID 83404
    View Listing
    Property ID
    US27-0262273
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Birthright of Idaho Falls Inc / Medical Clinic
    • Cobiella Grace M MD / Physician
    • Allegis Financial Partners / Financial Advisor
    • Youngblood Law Office / Law Firm
    • Weinpel Law Office P.C. / Law Firm

    Property Details for 1970 East 17Th St

    Year built
    1986
    Construction
    WOOD
    Lot size
    1.20 lot acres
    Property size
    22,574 SF
    Property type
    Office buildings
    APN
    RPA0170001001B
    APU
    RPA0170001001B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $928,000
      Market price range: $928k - $1.78M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,325,000
      Current use
      AUTO REPAIR, GARAGE
      $1,290,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,145,000
      Change: -13% Conversion: Easy
      MEDICAL BUILDING
      $1,130,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -111.995
    Latitude
    43.482
    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
    2024
    $23,035
    $314,064
    $52,630
    $366,694
    -
    $314,064
    $52,630
    $366,694

    Comparable in this City

    • Value Estimation by Request
      8,463 SF

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      OFFICE BUILDING • 8,463 SF
      3940 Washington Pkwy, Idaho Falls, ID 83404-7596
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    • Value Estimation by Request
      5,248 SF

      3729 Woodking Dr, Unit 1

      OFFICE BUILDING • 5,248 SF
      3729 Woodking Dr, Idaho Falls, ID 83404-4720
      View Details
    • Value Estimation by Request
      2,324 SF

      1573 17th St

      OFFICE BUILDING • 2,324 SF
      1573 17th St, Idaho Falls, ID 83404-6369
      View Details
    • Value Estimation by Request
      6,864 SF

      1275 17th St

      OFFICE BUILDING • 6,864 SF
      1275 17th St, Idaho Falls, ID 83404-6126
      View Details
    • Value Estimation by Request
      888 SF

      1220 17th St

      OFFICE BUILDING • 888 SF
      1220 17th St, Idaho Falls, ID 83404-6126
      View Details
    • Value Estimation by Request
      4,104 SF

      1335 17th St

      OFFICE BUILDING • 4,104 SF
      1335 17th St, Idaho Falls, ID 83404-6235
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Building on 17th Street

      Office building with high-exposure frontage on 17th Street.
      1800 E 17Th St, Idaho Falls, ID 83404
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      Idaho Falls Medical/Office Opportunity

      Well-maintained property with flexible floor plans for medical and office users.
      3729 Woodking Dr, Idaho Falls, ID 83404
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    • Contact for pricing

      Clean Office Space Available

      Corner office space located on 17th Street and Hoopes.
      1970 East 17Th St, Idaho Falls, ID 83404
      View Details
    • $470,000
      1,596 SF

      Medical Office in Idaho Falls

      Turn-key medical office condo in prime Idaho Falls location.
      2860 Channing Way, Idaho Falls, ID 83404
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    • $345,000
      0.51 Acres

      Idaho Falls Commercial Developer Lot

      0.51-acre lot in a rapidly growing Idaho Falls corridor.
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    • $470,000
      Pending

      Medical Office Condo For Sale

      Turn-key medical office condo in Idaho Falls, move-in ready.
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    Similar Nearby for Lease

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      2225 Teton Plaza, Idaho Falls, ID 83404

      Office buildings
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      Idaho Falls New Office Project

      New construction office project near hospitals in Idaho Falls.
      2265 East Sunnyside Rd, Idaho Falls, ID 83404
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      Idaho Falls Office Suite

      Office suite in central Idaho Falls location near amenities.
      2539 Channing Way, Idaho Falls, ID 83404
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      4,050 SF

      Idaho Falls Commercial Space For Rent

      Spacious office in Kensington Professional Park, ideal for medical or business.
      1542 Elk Creek Dr, Idaho Falls, ID 83404
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      3,500 SF

      Idaho Falls Flex Space Available

      3,500 SF flex space with office and shop areas.
      665 Anderson St, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      2,325 SF

      Idaho Falls Office Space Available

      Office space for rent in Idaho Falls with reception area.
      1819 Hoopes Ave, Idaho Falls, ID 83404
      View Details
    View Listing
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    Idaho Falls, ID 83404
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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.

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