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    Development Land Near Sports Complex Title is generated by Realmo AI

    9605 N Horseshoe Bend Rd., Garden City, ID 83714

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    Claim this Listing
    Pending
    $6,000,000

    LAND - Garden City, ID

    Lot size:
    10.27 Acres
    Added:
    May 30, 2024
    Days on Market:
    739
    Last Refresh:
    Jun 7 at 9:06 pm

    Property Features for 9605 N Horseshoe Bend Rd.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    S0515110102 & S0510449304
    Lot size
    10.27 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Par #0102 Of Ne4 Sec 15 4N 1E #110100-B & Par #9304 Of Se4se4se4 Sec 10 4N 1E #449302-B
    Tax Annual Amount
    2111

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Joshua Austin

    Listing agent Joshua Austin License #DB36393

    Listing office Hunter of Homes, LLC 10195 W Beacon Light Rd, Star, ID

    Listing date May 30, 2024

    MLS# 98912192 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

    • 10.27 acre development opportunity in Ada County.
    • Located across from Optimist Sports Complex at the corner of Hill Rd and Horseshoe Bend Rd.
    • Great visibility from Hwy 55 in Eagle.
    • City of Eagle 2023 Comprehensive Plan calls for Professional Office/Business Park zoning.
    • Bordered by two storage unit complexes and a gas station/C store.
    • Utilities: Electricity Available; Water Source: Well; Sewer: Septic Tank.

    Overview

    The offering is a commercial land parcel totaling 10.27 acres of flat to gently sloping ground. The site is described as an existing development opportunity with neighboring uses that include two storage unit complexes and a gas station/C-store along the adjoining areas.

    The property is located directly across the street from Optimist Sports Complex and sits at the corner of Hill Rd and Horseshoe Bend Rd. Public remarks also indicate visibility from Hwy 55 in Eagle. The Garden City comprehensive planning context notes that the 2023 Comprehensive Plan Future Land Use calls for Professional Office/Business Park zoning.

    For buyers and developers, this configuration supports a professional office and business-oriented development direction based on the stated future land use guidance. Its size and shape, combined with the surrounding mix of commercial services and storage, may align with a range of planned site uses consistent with the stated office/business park framework. Offers are being encouraged from qualified parties for this development-ready tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Ada
    State
    Idaho
    Longitude
    -116.314568
    Latitude
    43.691582

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    FAQs

    What type of property is this?
    Commercial land - Ten-acre-plus parcel with flat to gently sloping terrain and frontage across from Optimist Sports Complex.
    Where is this commercial land located?
    The property is located at 9605 N Horseshoe Bend Rd. Garden City, ID.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 10.27 acre development opportunity in Ada County.; Located across from Optimist Sports Complex at the corner of Hill Rd and Horseshoe Bend Rd.; Great visibility from Hwy 55 in Eagle.
    (208) 906-9595
    We can help!
    Listing Contact
    Joshua Austin
    Real Estate License ID: DB36393
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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.

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    9605 N Horseshoe Bend Rd., Garden City, ID 83714
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