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    Commercial Office Building with Parking Title is generated by Realmo AI

    321 SE Avenue, New Plymouth, ID 83655

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    Claim this Listing
    For Sale
    $149,000

    COMMERCIAL - New Plymouth, ID

    Property size:
    1,800 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $82/SF
    Added:
    Feb 24, 2026
    Days on Market:
    104
    Last Refresh:
    Jun 8 at 1:06 am

    Property Features for 321 SE Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    N5480024006A
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TAX 3 BLK 24 NEW PLYMOUTH ORIGINAL
    Tax Annual Amount
    684

    We can help!

    Listing Contact
    Lisa Grace

    Listing agent Lisa Grace License #AB42536

    Listing office Real Broker LLC 3597 E Monarch Sky Ln Suite 240, Meridian, ID

    Listing date Feb 24, 2026

    MLS# 98975880 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.

    HighLights

    • Direct highway frontage provides high visibility and exposure.
    • Adaptable layout suitable for commercial or residential use (with conditional use permit).
    • Ample on‑site parking.
    • Located close to downtown and schools.
    • 1,800 sq ft commercial property on .22 acres.
    • Functional layout with office space, kitchen, bathroom, and storage.

    Overview

    This commercial property is configured for practical office and service use, with dedicated areas for office space, a kitchen, bathroom, and ample storage. The layout is functional as-is and can be adapted to support a range of commercial concepts, depending on how you want to utilize the space.

    Set on approximately 0.22 acres, the building benefits from direct highway frontage, placing it in front of ongoing daily traffic. It is positioned close to downtown and schools, providing convenient access for employees, customers, and visitors.

    The property’s flexibility extends beyond its current configuration. A conditional use permit is noted as allowing residential use, which may broaden the feasible end use for an operator or buyer. Ample on-site parking is included, helping reduce common friction for tenants and customers when opening or converting a small commercial location. If you’re looking for a building that can serve as a professional office or a service-oriented business base, the combination of interior functionality and frontage may be a strong fit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    New Plymouth
    County
    Payette
    State
    Idaho
    Longitude
    -116.816329
    Latitude
    43.968558

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    FAQs

    What type of property is this?
    Office units - Office-ready commercial building with direct highway frontage, dedicated office areas, kitchen, bath, and ample on-site parking.
    Where is this office units located?
    The property is located at 321 SE Avenue New Plymouth, ID.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Direct highway frontage provides **high visibility and exposure**.; Adaptable layout suitable for commercial or residential use (with conditional use permit).; Ample on‑site parking.
    (208) 841-1725
    We can help!
    Listing Contact
    Lisa Grace
    Real Estate License ID: AB42536
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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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