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    Property profile & analytics

    417 Broadway St Idaho Falls, ID 83402-3637

    • Retail space
    • 17,104 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 25, 2025
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0233390
    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

    • Teneal Wright Photography / Photographer
    • Dr. Lawson M. Toby, DDS / Doctor

    Property Details for 417 Broadway St

    Year built
    1910
    Lot size
    0.17 lot acres
    Property size
    17,104 SF
    Property type
    Retail space
    APN
    RPA1780001029B
    APU
    RPA1780001029B

    Description

    This exceptional 7,000 square foot retail/office space is located in the heart of downtown Idaho Falls, Idaho, at 417 W Broadway St (cross street: N. Park Ave), zip code 83402. The space is part of a larger three-story building (17,103 total square feet) constructed in 1910. Currently vacant, this adaptable space offers a unique opportunity for businesses seeking a prominent downtown location. The space features a large glass storefront with a walk-in vestibule, ideal for creating a welcoming and visible presence. The property is conveniently located off Exit 118 City Center, providing easy access for customers and employees. Enjoy the benefits of being near the Snake River and the vibrant downtown area. Public parking is available at the rear of the building. The space is divisible into two 3,500 square foot units, offering flexibility for various business needs. This is a rare chance to secure a substantial space in a historic building with excellent visibility and accessibility in a thriving Idaho Falls location. The minimum divisible space is 3,500 square feet. The property is ready for tenant improvements, allowing for complete customization to suit your specific business requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $545,000
      Market price range: $542k - $1.19M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $695,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.042
    Latitude
    43.4916
    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
    $6,020
    $52,080
    $311,495
    $363,575
    -
    $52,080
    $311,495
    $363,575

    Comparable in this City

    • Value Estimation
      $290,000
      4,522 SF

      1150 Blvd Boulevard

      RETAIL STORES (PERSONAL SERVICES) • 4,522 SF
      1150 Blvd Boulevard, Idaho Falls, ID 83402-4033
      View Details
    • Value Estimation by Request
      34,830 SF

      450 Ee St

      RETAIL STORES (PERSONAL SERVICES) • 34,830 SF
      450 Ee St, Idaho Falls, ID 83402-3523
      View Details
    • Value Estimation
      $320,000
      3,290 SF

      257 A St

      RETAIL STORES (PERSONAL SERVICES) • 3,290 SF
      257 A St, Idaho Falls, ID 83402-3620
      View Details
    • Value Estimation
      $280,000
      4,259 SF

      351 A St

      RETAIL STORES (PERSONAL SERVICES) • 4,259 SF
      351 A St, Idaho Falls, ID 83402-3618
      View Details
    • Value Estimation
      $275,000
      4,000 SF

      375 Lindsay Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      375 Lindsay Blvd, Idaho Falls, ID 83402-3336
      View Details
    • Value Estimation
      $340,000
      3,500 SF

      345 Lindsay Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      345 Lindsay Blvd, Idaho Falls, ID 83402-3336
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      High-visibility retail space on a major Idaho Falls corridor.
      1175 E 17Th St, Idaho Falls, ID 83402
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      Fred Meyer anchored retail center with established co-tenants.
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    • $849,000
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      Idaho Falls Retail/Restaurant Opportunity

      Freestanding 5,916 SF building ideal for retail or restaurant ventures.
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    • $1,750,000
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      Idaho Falls Restaurant Opportunity

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      Idaho Falls Commercial Property For Sale

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      Idaho Falls Twin Home Lots

      Prime West Side Location, Golf Course Near
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    Similar Nearby for Lease

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      Downtown Idaho Falls Retail Space

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      Idaho Falls Office/Flex Space

      Office/Flex space featuring a showroom, kitchen, and shop area.
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      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
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      Idaho Falls Office/Flex Space

      1,722 SF office/flex space featuring showroom, kitchen, and shop.
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      View Details
    • 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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    417 Broadway St
    Idaho Falls, ID 83402-3637
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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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