Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    508 Montgomery Street Idaho City, ID 83631

    View on Map
    Claim this Listing
    For Sale
    $115,000

    LAND - Idaho City, ID

    Lot size:
    0.11 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    109
    Last Refresh:
    May 5 at 10:06 am

    Property Features for 508 Montgomery Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    RPI000100K013B
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    T6N R53 SEC 26 IC ORIGINAL TOWNSITE BLK K LOT 13 & PTNS LOTS 3 & 4 OR TAX 214
    Tax Annual Amount
    450

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Amanda Callahan

    Listing agent Amanda Callahan License #SP46722

    Listing office Victory Realty 1116 S Vista Ave Suite 305, Boise, ID

    Listing date Jan 16, 2026

    MLS# 98971928 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

    Idaho City Vacant Lot

    This vacant lot is located on Montgomery Street in Idaho City. Situated in a multi-use area, the property is in the heart of the historical town. The location is across the street from Naylor Park and behind the Prospector Motel. The lot is within walking distance of Idaho City Schools. The property offers potential for building a business, multi-family dwelling, or single-family home. The lot size is 0.114 acres. City water and sewer services are available. There are no CCC&R's and no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Restaurant Law Firm Nail Salon Auto Parts Store Spa & Massage Center Auto Repair Shop Food Market Storage Facility Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Idaho City
    County
    Boise
    State
    Idaho
    Longitude
    -115.833395
    Latitude
    43.829533

    Nearby Similar for Sale

    • $670,000
      2,817 SF

      Historic Idaho City Investment Opportunity

      Prime corner property with retail and residential income potential.
      101 Montgomery St, Idaho City, ID 83631
      View Details
    • $83,990

      Idaho City Land For Sale

      Corner lot with views, privacy, and easy access to Boise.
      Mores Creek Dr lot: 58, Idaho City, ID 83631
      View Details
    • $199,000

      Idaho City Building Lot

      2.88 acre building lot with creek access.
      27 N Meadow Creek Road, Idaho City, ID 83631
      View Details
    • $149,000

      Idaho City Land For Sale

      2+ acres of land near Idaho City.
      S Meadow Creek lot: 31, Idaho City, ID 83631
      View Details
    • $500,000

      Idaho City Commercial Development Land

      Commercial land development opportunity in the heart of Idaho City.
      Montgomery Or Main Street, Idaho City, ID 83631
      View Details
    • $500,000

      Idaho City Commercial Land Opportunity

      Commercial land for development in historic Idaho City.
      Montgomery Or Main Street, Idaho City, ID 83631
      View Details
    • $125,000

      Scenic Land Near Idaho City

      1.28-acre property perfect for a mountain cabin.
      Mores Creek, Idaho City, ID 83631
      View Details
    • $700,000

      Idaho City Land Homesite Opportunity

      9+ acre residential land parcel in Idaho City.
      Lodgepole Lane, Idaho City, ID 83631
      View Details
    • $92,990

      Idaho City Land Parcel

      Corner lot with scenic views and community amenities.
      Ethan Way lot: 69, Idaho City, ID 83631
      View Details
    • $91,990

      Idaho City Homesite with Mountain Views

      Building lot near Boise with mountain views and community amenities.
      Lainey Lane lot: 79, Idaho City, ID 83631
      View Details
    • $700,000

      Idaho City Land Development Opportunity

      9+ acre parcel planned as a four-lot minor subdivision.
      Lodgepole Lane, Idaho City, ID 83631
      View Details
    • $225,000

      Ready-to-Build Mountain View Lot

      Private mountain retreat near Idaho City with infrastructure in place.
      Cedar Ct, Idaho City, ID 83631
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot in the heart of Idaho City.
    Where is this commercial land located?
    The property is located at 508 Montgomery Street Idaho City, ID.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Prime location in the heart of historical Idaho City, across from Naylor Park; Multi‑use zoning allows for business, multi‑family, or single‑family development; No CC&Rs or HOA provides freedom and flexibility
    (208) 339-3010
    We can help!
    Listing Contact
    Amanda Callahan
    Real Estate License ID: SP46722
    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
    508 Montgomery Street, Idaho City, ID 83631
    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!