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    Property profile & analytics

    201 1st St Idaho Falls, ID 83401-3926

    • Turn key restaurants
    • 10,221 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US27-0309346
    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

    • Great Wall Restaurant / Restaurant
    • AirGarage / Parking Lot

    Property Details for 201 1st St

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.93 lot acres
    Property size
    10,221 SF
    Property type
    Turn key restaurants
    APN
    RPA0620016017B
    APU
    RPA0620016017B

    Description

    This exceptional 10,221-square-foot restaurant in Idaho Falls, Idaho, presents a rare investment opportunity. Located at 201 1st St, 83401, this property boasts a rich history, having housed several successful restaurants since its construction in 1978. The nearly one-acre lot (0.93 acres) offers ample parking and potential for expansion, with the adjacent lot included in the sale. The building features a main level with a large kitchen (including four hoods) and dining area, perfectly suited for a variety of culinary concepts. A full basement provides additional space, divided between a residential area and a second commercial kitchen with its own hood. All kitchen appliances and equipment are included in the sale. The property is zoned Central Commercial, allowing for diverse commercial uses, including multi-unit apartments. This turnkey operation, priced at $750,000 ($73.38/sq ft), is a remarkable chance to acquire a well-established, versatile commercial space in a thriving Idaho Falls location. The mini drive-thru adds further convenience and revenue potential. Don't miss this chance to own a piece of Idaho Falls history.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $360,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $455,000
      Mixed-Use
      $445,000
      Hospitality
      $325,000
      Educational
      $410,000
      Residential Income
      $340,000
      Energy
      $330,000
      Income-Based Land
      $355,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.031
    Latitude
    43.4976
    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
    $9,580
    $161,200
    $343,206
    $504,406
    -
    $161,200
    $343,206
    $504,406

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    • Value Estimation
      $305,000
      5,642 SF

      688 Holmes Ave

      RESTAURANT • 5,642 SF
      688 Holmes Ave, Idaho Falls, ID 83401-2637
      View Details

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    201 1st St
    Idaho Falls, ID 83401-3926
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    Realmo Value Estimation

    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.

    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.

    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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