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    5089 E Goose Bay Dr Island Park, ID 83429

    Sponsored
    For Sale
    Pending
    $99,900

    LAND - Island Park, ID

    Lot size:
    0.28 Acres
    Days on Market:
    103
    Last Refresh:
    Feb 2 at 5:06 am

    Property Features for 5089 E Goose Bay Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    APN
    RP00047003006A
    Lot size
    0.28 Acres

    Utilities

    Water source
    Well
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Brett Whitaker
    Brett Whitaker

    Rainbow Realty (208) 558-7116

    Listing agent Brett Whitaker (208) 351-7117

    Listing date Oct 23, 2025

    MLS# 2180298

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Island Park Land with Views

    This 0.28-acre lot, situated in the Goosebay subdivision, offers views of Sawtell Peak and Henrys Lake. Located in Island Park, Idaho, the property sits in deep water, providing access to fishing from the bank or by boat. Power and community water are available to the road. The area allows for trailers and is highly rentable. It is located close to Yellowstone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Island Park
    County
    Fremont
    State
    Idaho
    Longitude
    -111.377751
    Latitude
    44.61656

    Nearby Similar for Sale

    • $3,295,000
      9,000 SF

      Turnkey Business Near Yellowstone Park

      Thriving commercial property with lodging, retail, and guided fishing services.
      4771 Highway 20, Island Park, ID 83429
      View Details
    • $890,000
      2,160 SF

      Island Park Furnished Triplex

      Furnished Island Park triplex, ideal for short-term rental.
      3770 Arctic Fox Dr, Island Park, ID 83429
      View Details
    • $349,000
      924 SF

      Furnished Home Near Yellowstone Park

      Year-round furnished home with rental history, near Yellowstone Park.
      4069 Yale Creek Rd, Island Park, ID 83429
      View Details
    • $645,000
      1,065 SF

      Island Park Mixed-Use Commercial Property

      Prime Commercial Cabin, 1.59 Acres
      3769 Lava Ln, Island Park, ID 83429
      View Details

    FAQs

    What type of property is this?
    Land - Land with views of Sawtell Peak and Henrys Lake.
    Where is this land located?
    The property is located at 5089 E Goose Bay Dr Island Park, ID.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Amazing views of Sawtell Peak and Henrys Lake.; - Deep water access in Goosebay subdivision.; - World-class fishing from the bank or by boat.
    (208) 558-7116
    Request Owner's contact information
    5089 E Goose Bay Dr Island Park, ID 83429
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    Island Park, ID 83429
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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
    5089 E Goose Bay Dr Island Park, ID 83429
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    We can help!
    Listing Contact
    Brett Whitaker
    Brett Whitaker
    Real Estate License ID: DB21263
    (208) 558-7116
    Learn more
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