Property profile

302 3Rd Ave South Twin Falls, ID 83301

FOR SALE
Warehouses
Property ID
US27-0433170
24,960 SF 0.72 ac lot Built 1961
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Twin Falls, Idaho industrial property offers 43,488 square feet of versatile warehouse space, ideal for distribution, manufacturing, or warehousing. Situated on a 1.15-acre lot at 302 3rd Ave. S., this single-story, 1965-built building benefits from a prime location, offering easy access to I-84 and the Oregon Short Line Railroad. The property features a clear ceiling height ranging from 17 to 22 feet, enhancing operational efficiency. Loading capabilities include one dock door and six roll-up doors, providing ample access for goods movement. Currently operating under a sale-leaseback agreement, this property presents a unique opportunity to acquire a stable, income-generating asset with significant potential for future growth. The OT- Old Town zoning allows for a variety of uses. The spacious layout offers flexibility for various industrial operations, catering to diverse operational needs. This property is well-suited for owner-users seeking immediate revenue while customizing the space to their specific requirements. The building's location in a high-traffic area ensures excellent visibility and accessibility. The substantial lot size provides room for potential expansion or redevelopment. This investment opportunity combines immediate income with long-term growth potential in a thriving market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1961
Total area 24,960 SF
Lot 0.72 ac (31,233 SF)
APN RPT0001134001A
UPID US27-0433170

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Arcade & Gaming Center Family Recreation Center
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Arcade & Gaming Center Family Recreation Center
  • Church

Location

302 3Rd Ave South Twin Falls, ID 83301
Twin Falls metro Census 1100 TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$637k
Blend (final) Blend
$545k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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