Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Priest River Land For Sale Title is generated by Realmo AI

    E 46+/- Acres Peninsula Road, Priest River, ID 83856

    View on Map
    Claim this Listing
    For Sale
    $500,000

    LAND - Priest River, ID

    Lot size:
    46.00 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    653
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for E 46+/- Acres Peninsula Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AG
    Parking features
    Open
    Exterior features
    Timber - Part
    Standard status
    Active
    APN
    E1/2 RP57N04W197203A
    Lot size
    46.00 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    See Attached Document
    Tax Annual Amount
    112

    We can help!

    Listing Contact
    Joe Dobson
    Joe Dobson

    Listing agent Joe Dobson License #SP2040

    Listing office Coldwell Banker Schneidmiller Realty 1924 Northwest Blvd, Coeur D'Alene, ID

    Listing date Aug 23, 2024

    MLS# 24-8362 Listing URL

    Copyright © 2026 Coeur d'Alene 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

    • 46+/- contiguous acres of land
    • Over half mile of road frontage
    • Potential for splits and future divisions
    • Combination of open pasture and timber land
    • Mostly fenced property
    • Located 6.5 miles North of Priest River

    Overview

    This property features approximately 46 contiguous acres situated 6.5 miles north of Priest River, Idaho, located on Peninsula Road and Peninsula Loop. The land is mostly fenced and includes over half a mile of road frontage. It offers potential for future divisions. The acreage comprises both open pasture and timberland. An adjoining 46+/- acre parcel is also available, bringing the total available acreage to 91.79 acres. The zoning is AG.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Priest River
    County
    Bonner
    State
    Idaho
    Longitude
    -116.856
    Latitude
    48.339

    Nearby Similar for Sale

    • $665,000
      3,220 SF

      Established Laundromat Business Opportunity

      Turnkey laundromat business with highway frontage in Priest River, ID.
      186 Hwy 57, Priest River, ID 83856
      View Details
    • $750,000
      6,280 SF

      Retail Storefront Property

      Commercially zoned storefront opportunity in Priest River, offered for sale as pending at the time of listing.
      4799 Highway 2, Priest River, ID 83856
      View Details
    • $735,000

      Waterfront Recreational Land Near Priest River

      Improved recreational parcel with river frontage near Priest River, Idaho.
      17768 Dufort Rd, Priest River, ID 83856
      View Details
    • $639,000
      2,900 SF

      New Construction Duplex in Priest

      New construction duplex in Priest River with projected income.
      34 E Jefferson Ave, Priest River, ID 83856
      View Details
    • $199,900
      2,050 SF

      Priest River Buildable Lot

      Buildable lot with shop in Priest River, Idaho.
      348 Glidden Ave, Priest River, ID 83856
      View Details
    • $429,000
      2,107 SF

      Well-Maintained Triplex Investment Opportunity

      In-town triplex near downtown Priest River with numerous upgrades.
      180 N 3rd Street, Priest River, ID 83856
      View Details
    • $1,249,000

      Riverfront Lot in Gated Community

      0.52-acre riverfront lot with community amenities and custom house plan.
      65 Sawyer Ave, Priest River, ID 83856
      View Details
    • $735,000

      Waterfront Recreational Land Near Priest River

      Improved recreational parcel with river frontage near Priest River, Idaho.
      17768 Dufort Rd, Priest River, ID 83856
      View Details
    • $539,000

      North Idaho Gated Community Land

      5-acre parcel with mountain and river views in Priest River.
      Fortune Way lot: 12, Priest River, ID 83856
      View Details
    • $260,000
      1,500 SF

      Land with Mountain and River Views

      5-acre lot near Priest River with shop and approved perc.
      65 Cougar Ridge Ln, Priest River, ID 83856
      View Details
    • $199,000
      900 SF

      Priest River Land with Shop

      4.99 acre lot with shop near Priest River.
      Pioneer Ln lot: 4, Priest River, ID 83856
      View Details
    • $170,000

      Secluded 5-Acre Residential Land Parcel

      5-acre parcel near town with utilities for building.
      NNA Lot 3 Kacy Bear Ln, Priest River, ID 83856
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 46+/- acres of fenced land near Priest River, Idaho.
    Where is this agricultural land / farmland located?
    The property is located at E 46+/- Acres Peninsula Road Priest River, ID.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 46+/- contiguous acres of land; Over half mile of road frontage; Potential for splits and future divisions
    (208) 661-0650
    We can help!
    Listing Contact
    Joe Dobson
    Joe Dobson
    Real Estate License ID: SP2040
    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
    E 46+/- Acres Peninsula Road, Priest River, ID 83856
    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!