2265 Teton Plz Idaho Falls, ID 83404-6486
Property profile & analytics
2265 Teton Plz Idaho Falls, ID 83404-6486
- Office buildings
- 5,810 SF
- 0.59 lot acres
Property ID
US27-0234208
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 2265 Teton Plz
- Year built
- 1993
- Lot size
- 0.59 lot acres
- Property size
- 5,810 SF
- Property type
- Office buildings
- APN
- RPA3053101005B
- APU
- RPA3053101005B
Description
This exceptional investment opportunity presents a single-story, 5,754 square foot Class B office building situated on a 0.585-acre lot in Idaho Falls, ID. The property, located at 2265 Teton Plaza, boasts a prime location adjacent to Grand Teton Mall and medical offices near a city hospital. Currently occupied by a single tenant under a Net Lease (NNN) agreement expiring April 30, 2027 (2.4 years remaining), offering a stable income stream with a 6.33% cap rate and a NOI of $79,117. The asking price is $1,250,000, translating to $217.24 per square foot. The building, constructed in 1993 and renovated ten years ago, features 16 offices, four handicap-accessible bathrooms, two staff reception areas, waiting rooms, a break room, and a large conference room. Ample parking is provided with 36 spaces. The property is zoned for limited commercial use and offers lease options of 1-3 years, with landlord-provided lease comparables for maximum 3% annual rent increases. The building's layout allows for potential division into two separate tenancies. This property is ideal for a 1031 exchange.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -111.989
- Latitude
- 43.4776
- 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
$7,302
$153,000
$511,965
$664,965
-
$153,000
$511,965
$664,965
