Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27438 Iron Horse Dr Caldwell, ID 83607

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Caldwell, ID

    Lot size:
    1.53 Acres
    Days on Market:
    39
    Last Refresh:
    Mar 14 at 4:06 am

    Property Features for 27438 Iron Horse Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R37887219
    Lot size
    1.53 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Well

    We can help!

    Listing Contact
    Clinton Walker

    Mountain Realty (208) 484-6564

    Listing agent Clinton Walker (208) 870-4279 License #SP51004

    Listing date Feb 3, 2026

    MLS# 98952695 Listing URL

    Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Residential Land in Caldwell, ID

    This informational listing represents a team of builders who will construct spec or custom homes on each lot. The property consists of residential land, with lots not sold separately. Interested buyers or buyer's agents must schedule a builder consultation with the listing agent before proceeding with a home purchase. All homes are built-to-suit, tailored to individual preferences and needs. Construction financing is available. The property is located in Caldwell, Idaho, specifically at 27438 Iron Horse Dr, Caldwell, ID 83607, situated in Canyon County. The lot size is 1.53 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.73888
    Latitude
    43.7648

    Nearby Similar for Sale

    • New
      $799,900
      4,205 SF

      Renovated Multifamily Near College of Idaho

      Fully renovated 7-bedroom multifamily property near College of Idaho.
      2220 S Indiana Ave, Caldwell, ID 83605
      View Details
    • New
      $799,000
      2,850 SF

      Renovated Triplex: Turnkey Investment

      Fully renovated triplex with modern finishes and strong rental potential.
      2105 Airport Ave, Caldwell, ID 83605
      View Details
    • $425,000
      Pending

      Caldwell Duplex: Investment Opportunity

      Duplex near downtown Caldwell with updated units and no HOA.
      103 W Oak St, Caldwell, ID 83605
      View Details
    • $415,000
      1,773 SF

      Caldwell Duplex with Garage

      Full brick duplex with garage and strong rental history.
      3121 College Ave, Caldwell, ID 83605
      View Details
    • $625,000
      2,304 SF

      Caldwell Triplex with Income Potential

      Turn-key triplex in prime location with strong cash flow potential.
      2803 College Ave, Caldwell, ID 83605
      View Details
    • $1,150,000
      1,440 SF

      Highway Frontage Land with Water

      8.4 acres with highway frontage, creek, and water rights.
      13648 Highway 44, Caldwell, ID 83607
      View Details
    • $415,000
      Pending

      Caldwell Duplex: Turnkey Investment

      Well-maintained duplex with renovated unit and efficient layouts.
      1523 Walnut St, Caldwell, ID 83605
      View Details
    • New
      $799,000
      2,850 SF

      Renovated Triplex in Caldwell, ID

      Fully renovated triplex with modern finishes and strong rental potential.
      2105 Airport Ave, Caldwell, ID 83605
      View Details
    • $1,999,990
      3.89 Acres

      Caldwell Storage and Flex Opportunity

      Approved storage and flex units with on-site residence in Caldwell.
      2813 S Indiana Ave, Caldwell, ID 83605
      View Details
    • $2,000,000
      3,228 SF

      Caldwell Mixed-Use Development Opportunity

      Versatile property with mixed-use potential in a high-traffic location.
      3514 S Indiana Ave, Caldwell, ID 83605
      View Details
    • $499,900
      Pending

      Remodeled Single-Level Home with Pool

      Remodeled home with rental income history, pool, and RV parking.
      13712 Jarett St, Caldwell, ID 83607
      View Details
    • New
      $410,000
      1,694 SF

      Single-Level Home with Income Potential

      3 bed, 2 bath home with income-producing potential.
      16378 Kelso Way, Caldwell, ID 83607
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land suitable for custom homes in Caldwell, Idaho.
    Where is this residential land & home lot located?
    The property is located at 27438 Iron Horse Dr Caldwell, ID.
    What are key features of this property?
    This property features: - Custom homes built-to-suit your preferences and needs; - Direct builder consultation to discuss your home options; - Construction financing available
    (208) 484-6564
    Request Owner's contact information
    27438 Iron Horse Dr Caldwell, ID 83607
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27438 Iron Horse Dr
    Caldwell, ID 83607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

    More about this property
    27438 Iron Horse Dr Caldwell, ID 83607
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clinton Walker
    Real Estate License ID: SP51004
    (208) 484-6564 (208) 870-4279
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!