355 May St Idaho Falls, ID 83401
- Commercial real estate
- 0.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 355 May St
- Lot size
- 0.89 lot acres
- Property type
- Commercial real estate
- APN
- RPA0420012025B
- APU
- RPA0420012025B
Description
This exceptional single-tenant office building, located at 355 May Street in Idaho Falls, Idaho, offers 41,569 square feet of versatile space. Situated in Bonneville County, zip code 83401, this traditional office property presents a unique opportunity for businesses seeking a substantial and established presence. The property's strategic location boasts a high average daily traffic count, making it highly visible and accessible. The building is currently configured as a single-tenant occupancy, providing ample space for a large organization or the potential for subdivision to accommodate multiple tenants. The "built-to-suit" option allows for significant customization to meet specific business needs, offering flexibility in design and layout. This presents a rare chance to secure a prominent location in a thriving Idaho Falls market. The property's size and location make it ideal for a variety of businesses, from corporate headquarters to large-scale professional practices. With its high visibility and adaptable space, this office building represents a strong investment opportunity in a growing community. Further details regarding the property's specifications and potential build-out options are available upon request. This is a prime opportunity to establish a significant presence in a desirable Idaho Falls location. The property is conveniently located at 43.5016034 latitude and -112.027708 longitude.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $365,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $335,000
- Mixed-Use
- $360,000
- Hospitality
- $335,000
- Educational
- $390,000
- Residential Income
- $360,000
- Energy
- $415,000
- Income-Based Land
- $410,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.028
- Latitude
- 43.5016
- CBSA code
- 26820
- CBSA name
- IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA