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

    2788 Holmes Ave Idaho Falls, ID 83401

    • Retail space
    • 2,868 SF
    • 0.57 lot acres
    For Sale
    View listing
    $1,315,000
    Last Sale
    Jan 30, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0316221
    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

    • Advanced Auto Sales LLC / Service Establishment / Used Car Dealer
    • Ricardo Welding Services LLC / Welder / Blacksmith
    • Advanced Auto Sales / Car Dealer
    • Advanced Drywall LLC / Dry Wall Contractor

    Property Details for 2788 Holmes Ave

    Year built
    1971
    Lot size
    0.57 lot acres
    Property size
    2,868 SF
    Property type
    Retail space
    APN
    RP02N38E083774
    APU
    RP02N38E083774

    Description

    This exceptional owner-user opportunity in Idaho Falls, Idaho, presents a vacant, 6,868 square foot industrial property ideally suited for redevelopment. Situated on a 0.57-acre lot at 2788 N Holmes Ave, this property offers high visibility and significant traffic counts. The two-building complex provides a flexible layout adaptable to various commercial uses, including retail, showroom, warehouse, office, or a mixed-use configuration. Priced at $1,315,000, this property is priced below replacement cost, representing a compelling investment in a thriving market. The substantial outdoor storage space adds further value. Located in Bonneville County, Idaho Falls (zip code 83401), this property benefits from its proximity to major transportation arteries. The vacant status allows for immediate occupancy and customization to meet specific business needs. This is a rare chance to acquire a prime piece of real estate in a rapidly growing area, offering excellent potential for return on investment. The property's location and flexible design make it an attractive option for businesses seeking a strategic presence in Idaho Falls.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $265,000
      OFFICE BUILDING
      $215,000
      AUTO REPAIR, GARAGE
      $170,000
      WAREHOUSE, STORAGE
      $165,000
      COMMERCIAL (GENERAL)
      $165,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.023
    Latitude
    43.5211
    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
    $520
    $37,244
    $7,810
    $45,054
    -
    $37,244
    $7,810
    $45,054

    Comparable in this City

    • Value Estimation
      $240,000
      850 SF

      375 Anderson St

      RETAIL STORES (PERSONAL SERVICES) • 850 SF
      375 Anderson St, Idaho Falls, ID 83401-2017
      View Details
    • Value Estimation
      $255,000
      3,580 SF

      240 Lomax St

      RETAIL STORES (PERSONAL SERVICES) • 3,580 SF
      240 Lomax St, Idaho Falls, ID 83401-2546
      View Details
    • Value Estimation
      $235,000
      7,248 SF

      195 Northgate Mile

      RETAIL STORES (PERSONAL SERVICES) • 7,248 SF
      195 Northgate Mile, Idaho Falls, ID 83401-2527
      View Details
    • Value Estimation
      $225,000
      6,760 SF

      450 Whittier St

      RETAIL STORES (PERSONAL SERVICES) • 6,760 SF
      450 Whittier St, Idaho Falls, ID 83401-2632
      View Details
    • Value Estimation
      $300,000
      4,000 SF

      425 Holmes Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      425 Holmes Ave, Idaho Falls, ID 83401-2615
      View Details
    • Value Estimation
      $290,000
      4,000 SF

      1580 Jones St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      1580 Jones St, Idaho Falls, ID 83401-2161
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Idaho Falls Retail Space Available

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      Retail Space For Lease

      Retail spaces available for lease in high-traffic Idaho Falls area.
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      Prime location, renovated in 2023, suitable for office or retail.
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      View Details
    • Contact for pricing
      232,995 SF

      Riviera Park Retail Center

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      2450 Lincoln Rd, Idaho Falls, ID 83401
      View Details
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    Idaho Falls, ID 83401
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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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