396 Yellowstone AvePocatello, ID 83201

  • Other commercial real estate
  • 0.16 AC
For Sale
$650,000 View listing

Property Details for 396 Yellowstone Ave

Year built
1970
Lot size
0.16 AC
Property type
Other commercial real estate
APN
RPBNV007300
APU
RPBNV007300

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,748,736
    Hospitality
    $1,601,833
    Educational
    $1,332,706
    Medical
    $1,378,540
    Retail
    $2,073,099
396 Yellowstone Ave, Pocatello, Idaho

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.8822
Longitude
-112.451
CBSA code
38540
CBSA name
POCATELLO, 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
$3,495
$124,583
$148,852
$273,435
-
$124,583
$148,852
$273,435

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