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    The Largest CRE Database in the US with Over 1 Million Listings

    840/842 Banks Lowman Rd Garden Valley, ID 83622

    Sponsored
    For Sale
    $2,950,000

    MULTI_FAMILY - Garden Valley, ID

    Type:Apartment
    Property size:
    8,260 SF
    Lot size:
    4.73 Acres
    Days on Market:
    39
    Last Refresh:
    Feb 5 at 8:06 am

    Property Features for 840/842 Banks Lowman Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 9, Bedroom 6, Bathroom 10, Bathroom 8, Bedroom 13, Bathroom 5, Bedroom 14, Bedroom 8, Bedroom 3, Bedroom 2, Bedroom 10, Bedroom 11, Bedroom 15, Bathroom 7, Bathroom 6, Bathroom 4, Bedroom 12, Bathroom 9, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3
    Bedrooms
    15
    Bathrooms
    10
    APN
    RP001770010030A
    Parking
    16
    Parking features
    Carport, Garage, RV, Driveway
    Interior features
    Shower, Sink, Workbench, Walk In Shower
    Appliances
    Water Heater, Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
    Size
    8,260 SF
    Lot size
    4.73 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Wood, Propane (Heating), Wall Furnace, Forced Air, Electric (Heating)
    Water source
    Spring
    Water front features
    Creek, Pond, Waterfront
    Water front
    1

    Building Details

    Year built
    2003
    Number of units
    9
    Flooring type
    Concrete, Engineered
    Building materials
    Insulation, Frame, Wood Siding
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Valerie Jones

    Garden Valley Homes and Land (208) 462-6102

    Listing agent Valerie Jones (208) 863-7071 License #DB25224

    Listing date Dec 29, 2025

    MLS# 98969770

    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.

    Learn more

    Property Insight Report

    Overview

    Garden Valley Multifamily Investment Opportunity

    This residential income complex is located in Garden Valley, situated along the Banks Lowman Scenic Byway, offering year-round access. The property includes two triplex units, a studio apartment, and two RV pads (one covered, one uncovered). The units have a history of consistent rental occupancy. The 4.73-acre parcel features Craig Creek, a pond, timber, water rights, a natural developed spring, and community water. There are three septic systems (two for the complex and one standard) and outbuildings. The property has potential for two additional building sites, with current Boise County approval for three separate parcels. The owner occupies a newly built 750 sq. ft. studio unit, which could generate additional income. The property also features views and ample parking. The property is unrestricted and has potential for short term rentals. The property size is 8260 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Discount Store Barber Shop Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden Valley
    County
    Boise
    State
    Idaho
    Longitude
    -115.8302
    Latitude
    44.0949

    Nearby Similar for Sale

    • $725,000
      2,621 SF

      Garden Valley Office/Retail Building

      Office/Retail building in Garden Valley with high visibility.
      522 South Middlefork Rd, Garden Valley, ID 83622
      View Details
    • Contact for pricing

      Garden Valley Office Leasing Opportunity

      Office space in Garden Valley's high-traffic retail area.
      286 Village Cir, Garden Valley, ID 83622
      View Details

    FAQs

    What type of property is this?
    Apartment building - Nine-unit residential complex with development potential on 4.73 acres.
    Where is this apartment building located?
    The property is located at 840/842 Banks Lowman Rd Garden Valley, ID.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Only long-term 9-unit residential income complex in Garden Valley with outstanding rental history and a waiting list.; - 4.73-acre parcel with Boise County approval for three separate parcels and room for two more building sites.; - Creek with pond on property, water rights, and natural developed spring.
    (208) 863-7071
    Request Owner's contact information
    840/842 Banks Lowman Rd Garden Valley, ID 83622
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    Garden Valley, ID 83622
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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
    840/842 Banks Lowman Rd Garden Valley, ID 83622
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    We can help!
    Listing Contact
    Valerie Jones
    (208) 863-7071
    Learn more
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