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

    848 Houston St Idaho Falls, ID 83402-3218

    • Automotive properties
    • 21,154 SF
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0290995
    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

    • Grand Teton Harley-Davidson / Used Motorcycle Dealer / Harley-Davidson Dealer

    Property Details for 848 Houston St

    Year built
    1930
    Property size
    21,154 SF
    Property type
    Automotive properties
    APN
    LRA00007240101
    APU
    LRA00007240101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $855,000
      Market price range: $703k - $1.53M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,095,000
      Current use
      WAREHOUSE, STORAGE
      $1,115,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $1,075,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $1,065,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.049
    Latitude
    43.4934
    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
    2023
    $12,585
    $13,780
    $561,526
    $575,306
    -
    $13,780
    $561,526
    $575,306

    Comparable in this City

    • Value Estimation
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      30,641 SF

      1355 Tara St

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      View Details
    • Value Estimation
      $1,430,000
      25,629 SF

      3477 Pioneer Rd

      VEHICLE SALES, RENTALS • 25,629 SF
      3477 Pioneer Rd, Idaho Falls, ID 83402-4817
      View Details
    • Value Estimation
      $1,590,000
      46,993 SF

      980 Broadway St

      VEHICLE SALES, RENTALS • 46,993 SF
      980 Broadway St, Idaho Falls, ID 83402-3355
      View Details
    • Value Estimation
      $1,000,000
      18,946 SF

      2200 Sunnyside Rd

      VEHICLE SALES, RENTALS • 18,946 SF
      2200 Sunnyside Rd, Idaho Falls, ID 83402-4984
      View Details
    • Value Estimation
      $1,780,000
      35,235 SF

      3120 Frk Blvd

      VEHICLE SALES, RENTALS • 35,235 SF
      3120 Frk Blvd, Idaho Falls, ID 83402-1296
      View Details
    • Value Estimation by Request
      2,960 SF

      880 Broadway St

      VEHICLE SALES, RENTALS • 2,960 SF
      880 Broadway St, Idaho Falls, ID 83402-3357
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      157,608 SF

      Retail Center with Ample Parking

      Fred Meyer anchored retail center with established co-tenants.
      1601 N Northgate Mile, Idaho Falls, ID 83402
      View Details
    • $849,000
      5,916 SF

      Idaho Falls Retail/Restaurant Opportunity

      Freestanding 5,916 SF building ideal for retail or restaurant ventures.
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      Prime Retail Location in Idaho

      High-visibility retail space on a major Idaho Falls corridor.
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    • $1,750,000
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      Idaho Falls Restaurant Opportunity

      Turnkey restaurant in downtown Idaho Falls with growth potential.
      298 D St, Idaho Falls, ID 83402
      View Details
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      12,000 SF

      Versatile Property with Yard and Showroom

      Single-user property with flexible space, yard, and showroom potential.
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      Idaho Falls Commercial Property For Sale

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    Similar Nearby for Lease

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      3,823 SF

      Idaho Falls Service Shop For Lease

      Service shop for lease in Idaho Falls, approximately 3823 SF.
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      Idaho Falls Commercial Oversized Lot

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      22,283 SF

      Idaho Falls Executive Office Space

      Prime Downtown Location, Abundant Parking
      320-340 A St, Idaho Falls, ID 83402
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      1,722 SF

      Idaho Falls Office/Flex Space

      1,722 SF office/flex space featuring showroom, kitchen, and shop.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
    • New
      Contact for pricing
      Pending

      Idaho Falls Commercial Flex Space

      2,519 SF flex space with shop, showroom, and office.
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      View Details
    • Contact for pricing
      4,800 SF

      Downtown Idaho Falls Retail/Office Space

      Renovated commercial space in historic downtown Idaho Falls hotel.
      635 Park Ave, Idaho Falls, ID 83402
      View Details

    Property Visit Statistics

    • Visits by month
      6.8k
    • Visitors by month
      5.4k
    • Avg Time on site
      17 min
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    848 Houston St
    Idaho Falls, ID 83402-3218
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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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