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

    330 Shoup Ave Idaho Falls, ID 83402

    • Banks
    • 44,166 SF
    • 0.68 lot acres
    For Lease
    View listing
    Last Sale
    May 21, 2020
    Value Estimations
    $1,190,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0088551
    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

    • Idaho Falls Deck and Fence / Deck Builder
    • ThriveBeat / Photographer / Film Production Company
    • Banks Gaffney - Trial Lawyers / Law Firm / Criminal Justice Attorney
    • U.S. Bank-Brinn Granat-Mortgage Loan Officer / Mortgage Lender
    • SYNERGY HomeCare / Home Health Care Service / Child Health Care Centre

    Property Details for 330 Shoup Ave

    Year built
    1972
    Lot size
    0.68 lot acres
    Property size
    44,166 SF
    Property type
    Banks
    APN
    RPA1980025007B
    APU
    RPA1980025007B

    Description

    This exceptional office space in downtown Idaho Falls, Idaho, offers a variety of leasing options within the prestigious US Bank building at 330 Shoup Ave, zip code 83402. The property features both executive and traditional office suites, catering to diverse business needs. Multiple suites are available, with sizes ranging from 187 square feet (Suites 305 and 308) to larger spaces. A significant lower-level space totaling 2,564 square feet is also available for lease. Additionally, a substantial 3,808 square foot space on the third floor is available, boasting ten private office suites and a large conference room. This expansive area offers numerous offices, cubicle spaces, and restrooms, all conveniently served by a building elevator. The building enjoys a prime location overlooking the greenbelt and the entire downtown Idaho Falls area. Executive suites start at $560 per month, and a significant benefit is the inclusion of fiber internet access in the lease. This presents a unique opportunity for businesses seeking a well-appointed, centrally located office space in a thriving Idaho Falls community. The property is located in Bonneville County and offers multiple tenancy options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,517,000
      Market price range: $1.52M - $2.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.04
    Latitude
    43.4914
    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
    $25,803
    $207,270
    $64,130
    $271,400
    -
    $207,270
    $64,130
    $271,400

    Comparable in this City

    • Value Estimation by Request
      5,295 SF

      1555 Broadway St

      FINANCIAL BUILDING • 5,295 SF
      1555 Broadway St, Idaho Falls, ID 83402-2633
      View Details
    • Value Estimation
      $545,000
      11,340 SF

      3040 Outlet Blvd

      FINANCIAL BUILDING • 11,340 SF
      3040 Outlet Blvd, Idaho Falls, ID 83402-4769
      View Details
    • Value Estimation by Request
      3,109 SF

      1385 Fremont Ave

      FINANCIAL BUILDING • 3,109 SF
      1385 Fremont Ave, Idaho Falls, ID 83402-1554
      View Details
    • Value Estimation
      $545,000
      16,060 SF

      399 Capital Ave

      FINANCIAL BUILDING • 16,060 SF
      399 Capital Ave, Idaho Falls, ID 83402-3632
      View Details
    • Value Estimation by Request
      5,296 SF

      1170 Science Ctr Dr

      FINANCIAL BUILDING • 5,296 SF
      1170 Science Ctr Dr, Idaho Falls, ID 83402-1506
      View Details
    • Value Estimation
      $920,000
      18,468 SF

      320 A St

      FINANCIAL BUILDING • 18,468 SF
      320 A St, Idaho Falls, ID 83402-3619
      View Details

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    Similar Nearby for Lease

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      Downtown Idaho Falls Retail Space

      8,369 SF retail space in downtown Idaho Falls.
      330 Shoup Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      1,722 SF

      Idaho Falls Office/Flex Space

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    • New
      Contact for pricing
      Pending

      Idaho Falls Commercial Flex Space

      2,519 SF flex space with shop, showroom, and office.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
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    330 Shoup Ave
    Idaho Falls, ID 83402
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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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