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124 W Avenue E, Jerome, ID, 83338

EZ Storage & Carwash

$1,200,000

Key Information

Cap Rate
11.7%
$ per SF
$237
Tot. SF
5,049
Lot Size
0.63 Acres
Units
10
Type
Self Storage
Occupancy
30%
NOI
$142,450

Highlights

• 11.7% Cap Rate | $1,200,000 – Strong in-place return backed by three income streams.
• Three Income Streams, One Parcel – A 6-bay self-serve car wash, 10 drive-up storage units, and a ±581 SF retail office leased to Rose Family Automotive.
• $114,500+ Reinvested Since 2021 – High-efficiency boilers, heated floors, sealed bay floors, new compressor, signage and fascia, so a buyer faces few big projects.
• Built for Year-Round Washing – Heated bay floors and new boilers keep the bays open through Idaho winters, with both coin and card payment.
• Storage Lease-Up Upside – Only 3 of 10 units are occupied at $50/month, leaving room to grow through lease-up and rate increases.
• High-Traffic Location – Corner lot just off S Lincoln Ave (±16,000 VPD), near St. Luke’s Jerome Medical Center, Maverik, Dairy Queen and three local schools.
• Growing Magic Valley Market – Jerome County’s population grew 8.7% from 2020 to 2025, and Twin Falls is 13 miles away, with easy access to I-84.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # DB46145, CO56879 (ID)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203