For Sale
$650,000

396 Yellowstone Ave Pocatello, ID 83201

Pocatello, ID Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 3,196 square foot medical office building, located at 396 Yellowstone Avenue in Pocatello, Idaho, presents a compelling investment opportunity. The property boasts three fully leased units, secured by a five-year lease, generating a gross annual revenue of $66,000. The building has undergone a complete interior remodel, making it ideally suited for medical and behavioral health practices. Its prime location on Yellowstone Avenue ensures excellent visibility and signage opportunities. The property's strong financial performance is highlighted by a 7.75% capitalization rate at an asking price of $650,000. Estimated annual expenses include approximately $3,000 in property taxes, $6,000 in utilities, and $6,600 (10%) for maintenance and management. This turnkey investment offers a stable income stream and significant potential for long-term growth in the thriving Pocatello market. The property is situated in Bannock County, Idaho, with a zip code of 83201. This is a rare opportunity to acquire a high-performing medical office building in a desirable location. Don't miss out on this exceptional investment prospect.

Highlights

  • $66,000 Gross Annual Revenue
  • Approximately $3,000 Annual Property Taxes
  • Approximately $6,000 Annual Utility Expenses
  • $6,600 Annual Maintenance & Management (10% of Gross Revenue)
  • 7.75% Cap Rate based on a $650,000 Asking Price

Property Details for 396 Yellowstone Ave

Property type
Office properties, Medical offices
Square Feet
3,196 SF
Units
3

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.8822524
Longitude
-112.4510933

FAQs

What type of property is this?
Office property - Pocatello, ID Medical Office Investment
Where is the office property located?
The property is located at 396 Yellowstone Ave Pocatello, ID.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $66,000 Gross Annual Revenue; Approximately $3,000 Annual Property Taxes; Approximately $6,000 Annual Utility Expenses
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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396 Yellowstone Ave
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