1216 Stocks AveRexburg, ID 83440

Property Details for 1216 Stocks Ave

Lot size

0.50 AC

Property size (Sq ft)

9,892 SF

Property type

Commercial real estate

APN

RPRARBP0020020

APU

RPRARBP0020020

Description

This exceptional investment opportunity presents two well-maintained office buildings situated in a prime Rexburg, Idaho location, experiencing significant growth. The larger building, located at 1216 Stocks Avenue, boasts 14 offices, three conference rooms, five restrooms, two spacious reception areas, a kitchen, and an elevator (requiring service). Currently operating as a call center with approximately 117 employees, this building offers adaptable floor plans suitable for various businesses. The smaller building, at 1190 Stocks Avenue, comprises six offices, three large call center rooms, four restrooms (two per level), a reception area, and a break room/kitchen. It currently houses a real estate office and a call center. Both buildings are constructed of durable brick, feature granite restrooms, and utilize gas heating and air conditioning. They are network-ready and share a substantial off-street parking lot. The combined monthly income from both properties is approximately $16,000, representing a 6% capitalization rate. The property sits conveniently near a Walmart Supercenter and is close to planned developments including a Wendy's and car wash, as well as a future temple. This is a rare chance to acquire a high-performing, multi-building commercial property in a thriving area. The 0.4-acre lot provides ample space and potential for future expansion.

• Alternative Use

  Use

  Valuation

  Residential

  $2,024,870

  Hospitality

  $1,854,770

  Educational

  $1,543,147

  Medical

  $1,596,218

  Retail

  $2,400,451

Location Insight

City

Rexburg

County

Madison

State

Idaho

Latitude

43.851

Longitude

-111.776

CBSA code

39940

CBSA name

REXBURG, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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