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55 S STATE ST, Preston, ID — photo 11 / 23

$265,000

55 S STATE ST, Preston, ID 83263

Subtype

Office

Building SF

3,853

$/SF

$69

Lot

0.09 ac

Property Details

Property typeCommercial Sale
SubtypeOffice
Building SF3,853 sqft
Year built1920
Lot size0.09 acres
Current useOffice
Taxes (annual)$1,300
Days on market265
Listed2025-12-11T00:00:00+00:00

Description

PRICE REDUCTION! Great location in the center of town! Multiple tenants on month to month in the building with a hair salon, aesthetics, and massage plus plenty of more room that can be turned into office space or storage. The rear section electrical was upgraded in 2011. Parking available on main street or behind the building.

Listed by Amber Almond · Cornerstone Real Estate Professionals/Idaho

Location

55 S STATE ST, Preston, ID 83263

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

$69

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($7,490)
Effective gross income$21,399/yr
Operating expenses$7,490/yr
Derived NOI$13,909/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:01:47 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.