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

    347 Constitution Way Idaho Falls, ID 83402-3538

    • Office buildings
    • 16,939 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0281930
    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

    • Joshua D Smith Foundation / Home Health Care Service

    Property Details for 347 Constitution Way

    Year built
    1920
    Lot size
    0.13 lot acres
    Property size
    16,939 SF
    Property type
    Office buildings
    APN
    RPA1080018014A
    APU
    RPA1080018014A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $590,000
      Market price range: $591k - $1.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.039
    Latitude
    43.4938
    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
    $3,112
    $39,480
    $225,677
    $265,157
    -
    $39,480
    $225,677
    $265,157

    Comparable in this City

    • Value Estimation
      $330,000
      2,096 SF

      329 Park Ave

      OFFICE BUILDING • 2,096 SF
      329 Park Ave, Idaho Falls, ID 83402-3610
      View Details
    • Value Estimation
      $295,000
      1,757 SF

      575 Rdg Ave

      OFFICE BUILDING • 1,757 SF
      575 Rdg Ave, Idaho Falls, ID 83402-3718
      View Details
    • Value Estimation
      $1,335,000
      49,692 SF

      1520 Sawtelle St

      OFFICE BUILDING • 49,692 SF
      1520 Sawtelle St, Idaho Falls, ID 83402-1808
      View Details
    • Value Estimation
      $240,000
      640 SF

      2525 Lindsay Blvd

      OFFICE BUILDING • 640 SF
      2525 Lindsay Blvd, Idaho Falls, ID 83402-9576
      View Details
    • Value Estimation
      $330,000
      2,258 SF

      467 Constitution Way

      OFFICE BUILDING • 2,258 SF
      467 Constitution Way, Idaho Falls, ID 83402-3536
      View Details
    • Value Estimation
      $1,160,000
      253,387 SF

      2525 Fremont Ave

      OFFICE BUILDING • 253,387 SF
      2525 Fremont Ave, Idaho Falls, ID 83402-1509
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Remodeled office space in Idaho Falls with high visibility.
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    • $170,000
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      Idaho Falls Multifamily Land Investment

      Prime West Side Lots, Golf Course Near
      0 L17&18B4 Achilles Ave, Idaho Falls, ID 83402
      View Details
    • $168,000
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      Idaho Falls Commercial Land - $168k

      Prime 0.32 acre commercial lot near Sage Lakes.
      0 L11&12B4 Ender Ln, Idaho Falls, ID 83402
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    • $170,000
      0.38 Acres

      Idaho Falls Commercial Land - $170k

      Prime 0.379-acre commercial lot near Sage Lakes.
      0 L9&10B4 Ender Ln, Idaho Falls, ID 83402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,283 SF

      Downtown Idaho Falls Landmark Building

      Prominent corner location with abundant office space and on-site parking.
      320 A St, Idaho Falls, ID 83402
      View Details
    • $14 SF/Yr
      24,480 SF

      Downtown Idaho Falls Office Space

      Prime office suites, various sizes available.
      482 Constitution Way, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      43,052 SF

      Idaho Falls Executive Office Suites

      Class A Office Space, Idaho Falls, ID
      901 Pier View Dr, Idaho Falls, ID 83402
      View Details
    • New
      Contact for pricing
      1,722 SF

      Idaho Falls Office/Flex Space

      Office/Flex space featuring a showroom, kitchen, and shop area.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
    • Contact for pricing

      Elegant Office Space in Idaho

      Premier office space in a scenic, convenient Idaho Falls location.
      1000 Riv Walk Dr, Idaho Falls, ID 83402
      View Details
    • $11 SF/Yr
      19,956 SF

      Idaho Falls Office Complex

      Prime Office Space, Multiple Options
      3910 Yellowstone Hwy, Idaho Falls, ID 83402
      View Details
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    347 Constitution Way
    Idaho Falls, ID 83402-3538
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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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