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

    TBD 3 Jerome Jerome, ID 83338

    View on Map
    Claim this Listing
    Picture of Commercial land at TBD 3 Jerome, Jerome, ID
    For Sale
    $1,725,150

    LAND - Jerome, ID

    Lot size:
    49.29 Acres
    Added:
    Feb 29, 2024
    Days on Market:
    793
    Last Refresh:
    May 2 at 4:06 am

    Property Features for TBD 3 Jerome

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    RP00180000001AA
    Lot size
    49.29 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    use parcel number RP00180000001AA
    Tax Annual Amount
    897

    We can help!

    Listing Contact
    Laura Fitzgerald
    Laura Fitzgerald

    Listing agent Laura Fitzgerald License #SP23177

    Listing office IdaHome Realty 1182 Eastland Drive N Ste. #a, Twin Falls, ID

    Listing date Feb 29, 2024

    MLS# 98901760 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.

    Overview

    Development Land Along Snake River

    This 49.29-acre development land is located along the Snake River Canyon, between Jerome and Twin Falls, Idaho. Twin Falls has a population of 53,213 people, with a 3.1% population increase since 2020. Within a 5-mile radius, a projected annual growth of 0.9% is expected over the next 5 years (2022-2027). This population growth indicates a need for new developments and housing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Jerome
    County
    Jerome
    State
    Idaho
    Longitude
    -114.339
    Latitude
    42.7238

    Nearby Similar for Sale

    • $560,000
      4,578 SF

      Versatile Jerome Property with Rental Potential

      3,776 sq ft property ideal for rentals or events.
      720 E Main Street, Jerome, ID 83338
      View Details
    • $3,640,000

      Prime Commercial Land on US 93

      104.4 acres of commercial land with highway frontage.
      5515 Us Highway 93, Jerome, ID 83338
      View Details
    • $450,000

      Downtown Jerome Commercial Property For Sale

      Commercial property in downtown Jerome, suitable for various businesses.
      300 W Main St, Jerome, ID 83338
      View Details
    • $679,000

      Commercial Land Near Interstate 84

      Nearly 2-acre commercial lot off Interstate 84.
      378 Democracy Ave, Jerome, ID 83338
      View Details
    • $465,000
      1,684 SF

      Jerome Duplex with Modern Amenities

      New duplex featuring modern amenities and low-maintenance landscaping.
      214 A/B Avenue E, Jerome, ID 83301
      View Details
    • $220,772

      Land for Sale in Jerome

      2.97 acres of land with water shares.
      Lot 1 Near 535 S 100 E, Jerome, ID 83338
      View Details
    • $1,045,800

      29.88 Acre Commercial Land

      Commercial land near US Highway 93, Jerome, Idaho.
      Approx 350 E 400 S, Jerome, ID 83338
      View Details
    • $892,000

      Commercial Land in Jerome, ID

      2.93 acres of shovel-ready commercial land for sale.
      American Ave, Jerome, ID 83338
      View Details
    • $598,000

      Commercial Land in Jerome, ID

      Two lots suitable for retail or restaurant near Interstate 84.
      Arlen Dr, Jerome, ID 83338
      View Details
    • $110,000

      Residential Land in Jerome, ID

      1.10 acre building site with utilities and no HOA.
      TBD 180 W 280 S, Jerome, ID 83338
      View Details
    • $845,360

      6.04 Acres Industrial Land Opportunity

      Industrial land on US Highway 93, one mile from I-84.
      Approx 5515 Highway 93, Jerome, ID 83338
      View Details
    • $110,000

      Residential Land in Jerome, ID

      1.10 acre building site with utilities and no HOA.
      TBD 180 W 280 S, Jerome, ID 83338
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development land in Jerome, ID, near Twin Falls.
    Where is this commercial land located?
    The property is located at TBD 3 Jerome Jerome, ID.
    What is the asking price?
    The asking price for this property is $1,725,150.
    What are key features of this property?
    This property features: Located directly along the Snake River Canyon.; Situated between Jerome and Twin Falls, ID.; Located near Twin Falls, ID, a city with a population of over 53,000.
    (208) 280-6811
    We can help!
    Listing Contact
    Laura Fitzgerald
    Laura Fitzgerald
    Real Estate License ID: SP23177
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    TBD 3 Jerome, Jerome, ID 83338

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!