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

    665 4128 Rigby, ID 83442

    • Flex space
    • 7,700 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0063456
    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

    • Flex space

    Property Details for 665 4128

    Year built
    2011
    Lot size
    0.95 lot acres
    Property size
    7,700 SF
    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 7,700 square foot commercial building in Rigby, Idaho, presents a unique investment opportunity. Located on a 0.95-acre corner lot in Jefferson County (zip code 83442), this Class B, multi-tenant property boasts high visibility from the highway. Built in 2011, the building offers a blend of office and warehouse space, perfectly suited for a variety of businesses. The 3,700 square foot office area features a stunning timber frame design, stained concrete floors, three private offices, a full bathroom with shower, a kitchenette, and an upper-level conference room. The remaining 4,000 square feet comprises versatile shop space, including a private bath, an office, and a large 20' x 14' insulated roll-up door. The property is zoned for commercial use and includes desirable features such as propane radiant heat, 480/3-phase power, 16-foot walls, and plumbing for air throughout. Its convenient location offers easy access to both Rigby and Rexburg. The asking price for this one-of-a-kind property is $1,199,000.

    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
    Rigby
    County
    Jefferson
    State
    Idaho
    Longitude
    -111.8795073
    Latitude
    43.7222448

    Comparable in this City

    • Contact for pricing

      Warehouse Space on Main Street

      Warehouse space with high visibility and easy accessibility in Rigby.
      180 W Main St, Rigby, ID 83442
      View Details
    • $675,000
      6.00 Acres

      6-Acre Lot with Shop

      Six-acre lot with a shop near outdoor recreational areas.
      Rigby, ID 83442
      View Details
    • $985,000

      High-Visibility Rigby Retail Site

      Prime 1.21-Acre Redevelopment Opportunity
      295 State St, Rigby, ID 83442
      View Details
    • $2,200,000
      17,101 SF

      Executive Office Building, Rigby, ID

      Prime Office Space, 17,101 SF, 5 Units
      3937 240, Rigby, ID 83442
      View Details
    • $725,000
      2.00 Acres

      Jefferson Office Park: Rigby, ID

      Modern Office Park - Build-to-Suit Available
      0 400, Rigby, ID 83442
      View Details
    • $200,000
      1.00 Acre

      Rigby Commercial Lot - Prime Location

      Idaho commercial lot, Hwy 20 access, $200k
      L1 Landmark Ln, Rigby, ID 83442
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Space on Main Street

      Warehouse space with high visibility and easy accessibility in Rigby.
      180 W Main St, Rigby, ID 83442
      View Details
    • $675,000
      6.00 Acres

      6-Acre Lot with Shop

      Six-acre lot with a shop near outdoor recreational areas.
      Rigby, ID 83442
      View Details
    • $985,000

      High-Visibility Rigby Retail Site

      Prime 1.21-Acre Redevelopment Opportunity
      295 State St, Rigby, ID 83442
      View Details
    • $2,200,000
      17,101 SF

      Executive Office Building, Rigby, ID

      Prime Office Space, 17,101 SF, 5 Units
      3937 240, Rigby, ID 83442
      View Details
    • $725,000
      2.00 Acres

      Jefferson Office Park: Rigby, ID

      Modern Office Park - Build-to-Suit Available
      0 400, Rigby, ID 83442
      View Details
    • $299,900
      0.03 Acres

      Rigby Commercial Building - High Visibility

      Established Business, Great Location, High Traffic
      128 State St, Rigby, ID 83442
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Rigby Flex/Industrial Space Available

      12,000 SF flex/industrial building with highway access for lease.
      3804 E Indian Crk Rd, Rigby, ID 83442
      View Details
    • Contact for pricing
      1,000 SF

      New Retail Space in Rigby

      New retail lease space with highway visibility and easy access.
      255 Farnsworth Way, Rigby, ID 83442
      View Details
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    665 4128
    Rigby, ID 83442
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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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