507 Main StRexburg, ID 83440

Property Details for 507 Main St

Year built

1961

Lot size

0.48 AC

Property size (Sq ft)

4,001 SF

Property type

Commercial real estate

APN

RPRXBCA0250001

APU

RPRXBCA0250001

Description

This exceptional business opportunity presents a highly successful and profitable daycare/preschool/after-school care center located on a highly visible Main Street location in Rexburg, Idaho. The current owners are retiring after establishing this premiere childcare facility, offering a turnkey operation for a new owner. The sale includes both the real estate and all necessary furnishings to immediately commence operations. The business consistently operates at full capacity, with a current waiting list of 8-10 families per week. A structured learning curriculum is in place, catering to various age groups with an exceptional teacher-to-student ratio of 1:6. The current license permits up to 47 children simultaneously, although the business currently serves approximately 70 children. Nine employees, in addition to the two owner-operators, support the daily operations. The facility boasts an ICCP certification. The property features a fully secure, privacy-fenced backyard with a concrete pathway, a soft-barked playground area complete with play equipment and a sandbox. A large shed provides ample storage for lawn and snow care equipment. To facilitate a smooth transition, the owners are currently training two employees in managerial roles, allowing for a more hands-off approach for the new owner or providing valuable assistance during the takeover. The 0.09-acre lot provides ample space for the existing facilities and operations. The asking price for this established and thriving business is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $810,923

  6.5%

  $748,544

  7%

  $695,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $853,053

  Geo Method

  $853,053

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,504,340

  Retail / Commercial

  $765,422

  Mixed-Use / Specialty

  $757,969

  Hospitality / Lodging

  $549,946

  Office

  $748,544

  Institutional / Educational

  $786,293

  Residential Income

  $919,963

  Multifamily

  $1,129,550

  Automotive / Energy

  $673,966

  Parking / Income-Based Land

  $237,245

  Restaurant / Food Service

  $384,142

  Healthcare / Senior Housing

  $782,128

Location Insight

City

Rexburg

County

Madison

State

Idaho

Latitude

43.8258

Longitude

-111.798

CBSA code

39940

CBSA name

REXBURG, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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