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240 N 18th Ave
Pocatello, ID 83201
Office Property For Sale
Investment Highlights
- Leases in place until 2029 with extension options, ensuring immediate and sustained rental income.
- Property is situated close to Idaho State University, supporting strong and consistent tenant demand.
- Equipped with central air conditioning, forced air heating, and natural gas for efficient climate control.
- Attractive 6.2% cap rate based on projected 2025 income, offering solid cash flow for investors.
- Durable construction with brick and stucco exterior and a membrane roof, designed for longevity and low maintenance.
- Includes both finished main-level space and unfinished basement, providing flexibility for expansion and additional revenue opportunities.
Executive Summary
Current tenants include Ocean Massage 1,230 Sqft and Dr. Wills at 2,028 Sqft.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,200 SF
Building Class
C
Year Built
1966
Price
$773,850 CAD
Price Per SF
$148.82 CAD
Cap Rate
6.25%
NOI
$48,356 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,200 SF
Building FAR
0.25
Lot Size
0.48 AC
Zoning
M-U - Multi Use
Parking
12 Spaces (2.31 Spaces per 1,000 SF Leased)
Amenities
- Reception
Property Taxes
| Parcel Number | RPPOC002700 | Improvements Assessment | $711,759 CAD |
| Land Assessment | $181,630 CAD | Total Assessment | $893,389 CAD |
Property Taxes
Parcel Number
RPPOC002700
Land Assessment
$181,630 CAD
Improvements Assessment
$711,759 CAD
Total Assessment
$893,389 CAD
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