1433 Main StPocatello, ID 83204

Property Details for 1433 Main St

Year built

1965

Lot size

1.56 AC

Property type

Retail space

APN

RPPOC305000

APU

RPPOC305000

Description

This exceptional retail investment opportunity in Pocatello, Idaho, presents a 22,000 square foot, multi-tenant property located at 1433 Main Street, zip code 83204. The property, built in 1980 and renovated in 2010, sits on a 1.56-acre lot and boasts 82 parking spaces. Currently 100% occupied, the complex features two units. One unit is occupied by a Family Dollar store, while the second, a former gym, is available for immediate lease. The asking price is $1,450,000, representing a price per square foot of $65.91 and a pro-forma cap rate of 7.45%. The property generates a pro-forma net operating income (NOI) of $108,000. Existing property debt of approximately $525,000 at a 4.75% interest rate is assumable from Standard Insurance. This single-story building offers a strong anchor tenant in Family Dollar, providing immediate cash flow and a stable foundation for future growth. The available space presents a unique opportunity to attract a complementary business, capitalizing on the high traffic generated by the existing tenant and the property's prime location. The property's size, ample parking, and established tenant base make it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a thriving Idaho market.

• CAP approach

  CAP return

  Valuation

  6%

  $21,236,202

  6.5%

  $19,602,648

  7%

  $18,202,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,556,220

  Geo Method

  $35,556,220

• Alternative Use

  Use

  Valuation

  Residential

  $16,535,567

  Hospitality

  $15,146,491

  Educational

  $12,601,703

  Medical

  $13,035,095

  Retail

  $19,602,648

Location Insight

City

Pocatello

County

Bannock

State

Idaho

Latitude

42.872

Longitude

-112.463

CBSA code

38540

CBSA name

POCATELLO, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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