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

    628 Main S Ave Twin Falls, ID 83301-7118

    • Outlet malls
    • 7,220 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0743821
    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

    • Gem State Staffing - Twin Falls / Employment Agency
    • Krengel's Hardware / Building Supply / Hardware & Home Improvement

    Property Details for 628 Main S Ave

    Year built
    1974
    Lot size
    0.57 lot acres
    Property size
    7,220 SF
    Property type
    Outlet malls
    APN
    RPT0001108002A
    APU
    RPT0001108002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Twin Falls
    County
    Twin Falls
    State
    Idaho
    Longitude
    -114.464
    Latitude
    42.5508
    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
    $4,630
    $126,114
    $316,610
    $442,724
    -
    $126,114
    $316,610
    $442,724

    Comparable in this City

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      $8,905,000
      225,980 SF

      252 Cheney W Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 225,980 SF
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    • Value Estimation
      $1,275,000
      32,200 SF

      1880 Kimberly Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 32,200 SF
      1880 Kimberly Rd, Twin Falls, ID 83301-7327
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    • Value Estimation by Request
      9,180 SF

      1746 Addison E Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,180 SF
      1746 Addison E Ave, Twin Falls, ID 83301-5301
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    • Value Estimation
      $1,515,000
      41,760 SF

      Twin Falls, ID 83301

      WHOLESALE OUTLET, DISCOUNT STORE • 41,760 SF
      Twin Falls, ID 83301
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    • Value Estimation
      $1,320,000
      23,479 SF

      1519 Blue Lks N Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 23,479 SF
      1519 Blue Lks N Blvd, Twin Falls, ID 83301-3377
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    • Value Estimation
      $1,610,000
      50,329 SF

      851 Pole Line Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 50,329 SF
      851 Pole Line Rd, Twin Falls, ID 83301-3037
      View Details

    Similar Nearby for Sale

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      3.50 Acres

      Prime Commercial Land Opportunity

      3.5 acres of commercial land with high visibility.
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      View Details
    • New
      $2,043,835
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    • New
      $1,654,408
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      Twin Falls Commercial Development Opportunity

      2.11 acres in high-traffic Twin Falls commercial corridor.
      265 Avenida Del Rio Cir, Twin Falls, ID 83301
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    • New
      $4,963,224
      6.33 Acres

      Twin Falls Commercial Development Opportunity

      6.33 acres in high-traffic Twin Falls commercial corridor.
      Avenida Del Rio Cir, Twin Falls, ID 83301
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    • $795,168
      0.76 Acres

      Pole Line Road Retail Pad

      Prime Twin Falls retail land, ready to build.
      0 Pole Line Rd, Twin Falls, ID 83301
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    • $2,100,000
      4,773 SF

      Retail Property Near Snake River

      Former bank in high-traffic area near Snake River Canyon.
      1715 Pole Line Rd E, Twin Falls, ID 83301
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    Similar Nearby for Lease

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      1,310 SF

      Retail Strip at Prime Corner

      Under-construction retail strip with high visibility, delivery Q2 2026.
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      View Details
    • Contact for pricing

      Twin Falls Retail Anchor Space

      Regional mall anchor space available for immediate occupancy in Twin Falls.
      106 000 Sf | Retail Building For Lease, Twin Falls, ID 83301
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    • New
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      Twin Falls Commercial Space Available

      Commercial space available in Twin Falls, Idaho.
      426 S Main St, Twin Falls, ID 83301
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    • $32 SF/Yr
      2,940 SF

      Blue Lakes Blvd Retail Space

      Turn-key Restaurant, High Visibility, 2940 sq ft
      683 Blue Lakes Blvd, Twin Falls, ID 83301
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    • Contact for pricing
      8,500 SF

      Sun West Village Retail Pads

      Prime Twin Falls retail space, 3 suites available.
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    • $167 SF/Yr
      17,182 SF

      Canyon Springs Marketplace

      Twin Falls Office/Retail Space
      1351 Blue Lakes Blvd, Twin Falls, ID 83301
      View Details
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    628 Main S Ave
    Twin Falls, ID 83301-7118
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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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