275 5th Ave Pocatello, ID 83201-6400
Property profile & analytics
275 5th Ave Pocatello, ID 83201-6400
- Office Spaces
- 2.07 lot acres
Property ID
US27-0362167
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
- Sanctuary Wealth Management / Financial Advisor
- Rockwood Stone Wealth Management LLC / Financial Advisor
- J-U-B Engineers, Inc. / Land Surveyor / Landscape Architect
- Forsman Tanya R / Counselor
- Lookout Credit Union - Administration Building / Credit Union
Property Details for 275 5th Ave
- Year built
- 1970
- Lot size
- 2.07 lot acres
- Property type
- Office Spaces
- APN
- RPPOC186400
- APU
- RPPOC186400
Description
This exceptional investment opportunity presents a portfolio of three fully leased Class B executive office buildings totaling 60,044 net rentable square feet situated on approximately 2.9 acres of land. The portfolio comprises three distinct locations: 275 S 5th Ave and 202 W. Alameda Road in Pocatello, Idaho, and 1031 & 1041 E. Main Street in Burley, Idaho. Each property enjoys high visibility and proximity to major retail corridors. The buildings, constructed in 1952 and renovated in 2021, are currently 100% occupied by Lookout Credit Union under a new 15-year lease commencing at closing, including two five-year renewal options with a 2% annual rent increase. The lease generates a substantial net operating income (NOI) of $1,200,880, resulting in an attractive 8.24% capitalization rate. The properties are zoned CG (Commercial General) by the City of Pocatello and C2 by the City of Burley. Individual lot sizes range from 14,985 to 90,169 square feet, and building sizes range from 3,137 to 53,749 square feet. This portfolio offers a rare opportunity to acquire a stable, diversified investment with a strong, established tenant and a compelling cap rate. The asking price for this exceptional investment is $14,560,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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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
- Pocatello
- County
- Bannock
- State
- Idaho
- Longitude
- -112.443
- Latitude
- 42.8651
- CBSA code
- 38540
- CBSA name
- POCATELLO, 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
$32,899
$477,000
$2,840,755
$3,317,755
-
$477,000
$2,840,755
$3,317,755
