Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    489 Locust S St Twin Falls, ID 83301-7849

    • Industrial properties
    • 9,600 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0571039
    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

    • Overhead Door Company of Twin Falls / Garage Door Supplier / Door Supplier

    Property Details for 489 Locust S St

    Year built
    1976
    Lot size
    0.47 lot acres
    Property size
    9,600 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    RPT2481001020E
    APU
    RPT2481001020E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $274,000
      Market price range: $260k - $976k

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

    Location Insight

    • Map
    • Local Demand
    City
    Twin Falls
    County
    Twin Falls
    State
    Idaho
    Longitude
    -114.455
    Latitude
    42.5416
    CBSA code
    46300
    CBSA name
    TWIN FALLS, ID MICROPOLITAN 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
    2023
    $4,351
    $93,480
    $322,616
    $416,096
    -
    $93,480
    $322,616
    $416,096

    Comparable in this City

    • Value Estimation
      $290,000
      3,700 SF

      Twin Falls, ID 83301

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,700 SF
      Twin Falls, ID 83301
      View Details
    • Value Estimation
      $395,000
      12,000 SF

      Twin Falls, ID 83301

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,000 SF
      Twin Falls, ID 83301
      View Details
    • Value Estimation
      $325,000
      6,500 SF

      Twin Falls, ID 83301

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 6,500 SF
      Twin Falls, ID 83301
      View Details
    • Value Estimation
      $360,000
      10,000 SF

      1856 Eldridge Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,000 SF
      1856 Eldridge Ave, Twin Falls, ID 83301-7910
      View Details
    • Value Estimation
      $265,000
      8,750 SF

      1887 Highland E Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,750 SF
      1887 Highland E Ave, Twin Falls, ID 83301-7956
      View Details
    • Value Estimation
      $395,000
      9,024 SF

      2487 Kimberly Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 9,024 SF
      2487 Kimberly Rd, Twin Falls, ID 83301-7902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,592 SF

      Corner Lot Industrial Property

      Industrial property with secure yard and excellent accessibility.
      858 Eastland Dr S, Twin Falls, ID 83301
      View Details
    • New
      $1,050,000
      3,880 SF

      Twin Falls Commercial Property For Sale

      High-visibility commercial property suitable for retail, office, or mixed-use.
      703 N Washington St, Twin Falls, ID 83301
      View Details
    • Contact for pricing

      Versatile Yard Space in Twin Falls

      0.79 acres of yard space with build-to-suit options.
      Tbd Eastland South, Twin Falls, ID 83301
      View Details
    • Contact for pricing
      10.89 Acres

      Canyon Trails Commercial Land

      Prime Twin Falls Mixed-Use Lots
      405-498 Parkview Dr, Twin Falls, ID 83301
      View Details
    • Contact for pricing

      Twin Falls Industrial Opportunity

      Prime industrial space with parking and fenced yard in Twin Falls.
      1850 Osterloh Ave, Twin Falls, ID 83301
      View Details
    • $1,500,000
      20,060 SF

      Downtown Twin Falls Industrial Building

      20,060 SF industrial building in downtown Twin Falls.
      264 4Th Ave S, Twin Falls, ID 83301
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      9,700 SF

      Sunset Business Park: Twin Falls Flex Space

      New Industrial Units, Twin Falls, Idaho
      2631 Kimberly Rd, Twin Falls, ID 83301
      View Details
    • $1.20 SF/Yr
      5,000 SF

      Industrial/Retail Build To Suit

      5,000 SF industrial/retail space with Kimberly Road frontage.
      2623-2647 Kimberly Rd, Twin Falls, ID 83301
      View Details
    • $1.05 SF/Yr
      4,000 SF

      Warehouse and Office Space Available

      Temperature-controlled warehouse and office with potential yard storage.
      2335 Eldridge Ave, Twin Falls, ID 83301
      View Details
    • $0.75 SF/Yr
      20,000 SF

      Industrial Property with Secured Yard

      Versatile industrial space with office, yard, and convenient access.
      297 Wycoff Cir, Twin Falls, ID 83301
      View Details
    • $383,400
      53,250 SF

      Twin Falls Commercial Lease Opportunity

      Two buildings available for lease with build-to-suit options.
      568 Grange Ln, Twin Falls, ID 83301
      View Details
    • $9 SF/Yr
      60,400 SF

      Iron Creek Industrial: Twin Falls

      Modern Industrial Space Available Now
      3125 Eldridge Ave, Twin Falls, ID 83301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    489 Locust S St
    Twin Falls, ID 83301-7849
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.