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    3000 Lemhi Road Lemhi, ID 83465

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    Claim this Listing
    For Sale
    $830,000

    COMMERCIAL - Lemhi, ID

    Property size:
    1,741 SF
    Lot size:
    1.35 Acres
    Price / SF:
    $476/SF
    Added:
    Aug 7, 2025
    Days on Market:
    260
    Last Refresh:
    Apr 23 at 2:06 pm

    Property Features for 3000 Lemhi Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    RP18N24E333001A
    Size
    1,741 SF
    Lot size
    1.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    See Exhibit A
    Tax Annual Amount
    1268

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1911
    Building materials
    Frame, Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Julie Anglesey
    Julie Anglesey

    Listing agent Julie Anglesey License #DR35248

    Listing office Berkshire Hathaway HS Silverhawk Realty East Idaho 901 Pier View Dr STE 106, Idaho Falls, ID

    Listing date Aug 7, 2025

    MLS# 2178764

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lemhi Mercantile and Post Office

    This commercial property in Lemhi, Idaho, presents an opportunity to own a piece of Idaho. The property includes a convenience store and a home, situated on the Lemhi River with views in every direction. The Lemhi Mercantile and Post Office, built in 1911 and recently remodeled, has a store measuring approximately 2000 square feet. The post office is independently operated under a contract with the USPS. A gas pump with a vintage facade but modern functionality, including a 500-gallon underground tank, is located on the property. The store also features an art gallery showcasing local artists' works and is known for customer service, wine tastings, and events. The home, remodeled in 2013, features an open floor plan on one level and a deck overlooking the river. It includes a master suite with vaulted ceilings, a large walk-in closet, and a grand bathroom. A two-car detached garage, built in 2017, includes an upstairs studio with a half bath, a deck overlooking the Lemhi River, and an additional storage bay. The property is situated on a 1.346-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lemhi Mercantile Grocery & Convenience Store United States Postal ... Post Office

    Map

    City
    Lemhi
    County
    Lemhi
    State
    Idaho
    Longitude
    -113.614916
    Latitude
    44.849579

    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with store, post office, home, and garage.
    Where is this grocery and convenience store located?
    The property is located at 3000 Lemhi Road Lemhi, ID.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: Lemhi Riverfront property with stunning views and recreational opportunities.; Income‑producing business: operating convenience store and USPS contract post office.; Remodeled home (2013) with open floor plan, deck overlooking the river, and huge master suite.
    (208) 913-2447
    We can help!
    Listing Contact
    Julie Anglesey
    Julie Anglesey
    Real Estate License ID: DR35248
    Learn More
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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.

    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
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