For Sale
$650,000

396 Yellowstone AvePocatello, ID 83201

Pocatello, ID Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
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
396 Yellowstone Ave, Pocatello, Idaho

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396 Yellowstone Ave
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