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    Frank Durham, Meridian, ID

    License ID: AB45429
    Years of Experience
    7
    Association
    Coeur D Alene Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (509) 499-1891
    Office Address:
    1099 South Wells Street, Ste 200, Meridian, ID 83642

    Property Types

    • Land

    Performance

    Listings
    9
    Total transactions
    132
    Total transactions amount
    $32M
    Price range
    $161k - 363k
    Average price
    $242k

    Listings

    For Sale (9)

    View map
    • $95,000
      10.72 Acres

      Cataldo Land with Creek & Timber

      10.72 acres of private, forested land with seasonal creek.
      10ac S Latour Creek Rd, Cataldo, ID 83810
      View Details
    • $179,000
      3.03 Acres

      Kingston Timber Land For Sale

      3 acres of timber land bordering National Forest with creek.
      3579 Bear Creek Rd, Kingston, ID 83839
      View Details
    • $299,000
      Pending

      20 Acres of North Idaho Paradise

      20-acre property near Coeur d'Alene River with recreational opportunities.
      S Willow Creek Rd, Medimont, ID 83842
      View Details
    • $175,000
      5.62 Acres

      Land Near Big Creek

      5.62-acre parcel near Big Creek, Kellogg, ID.
      928 Polaris Peak Rd, Kellogg, ID 83837
      View Details
    • $175,000
      8.13 Acres

      Kellogg, ID Land Parcel

      8.13-acre lot with building pad and utilities available.
      928 Polaris Peak Rd, Kellogg, ID 83837
      View Details
    • $175,000
      6.69 Acres

      Kellogg, ID 6.69-Acre Land

      6.69-acre parcel near Big Creek with level building pad.
      928 Polaris Peak Rd, Kellogg, ID 83837
      View Details
    • $480,000
      30.00 Acres

      30 Acres Wooded Land, Cataldo

      30-acre wooded property near I-90, ready for recreation or building.
      S Fern Creek Rd, Cataldo, ID 83810
      View Details
    • $290,000
      Pending

      Idaho Land with Mountain Views

      20-acre parcel near Coeur d'Alene River with building sites.
      20 Acres Hwy S, St Maries, ID 83861
      View Details
    • $89,000
      2.27 Acres

      Kingston Land Near I-90

      2.27 acres near I-90 and Coeur d'Alene River.
      10 Kingston Way, Kingston, ID 83839
      View Details

    Leases and Sales on Map

    • For Sale

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    Frank Durham, Meridian, ID
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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