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    Build-Ready Agricultural Parcel with Views Title is generated by Realmo AI

    NKA E Sunrise Drive Parcel 2, Harrison, ID 83833

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    Claim this Listing
    Pending
    $295,000

    LAND - Harrison, ID

    Lot size:
    19.41 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    108
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for NKA E Sunrise Drive Parcel 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    County AG
    Exterior features
    Timber - None
    Standard status
    Pending
    APN
    47N03W152600
    Lot size
    19.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Tax#27909 [In Nw Sec 15] 47N03w15
    Tax Annual Amount
    73

    Building Details

    Additional Structures
    None

    We can help!

    Listing Contact
    James Lemieux

    Listing agent James Lemieux License #AB38081

    Listing office United Country - Musick & Sons Auction & Real Estate Services 323 W Main St, Grangeville, ID

    Listing date Feb 18, 2026

    MLS# 26-1433 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

    • 19.41‑acre flat to gently rolling former pasture on Harrison Flats with sweeping territorial views
    • No wetlands or floodplain reported; 100% usable ground
    • Power available on both the north and south boundaries
    • Year‑round access: county gravel road access on the north and paved state highway frontage on the south
    • Strong well area; no HOA or CC&Rs reported
    • Exceptionally low hay‑lease taxes reported at $72.91/year

    Overview

    This offering is a 19.41-acre agricultural parcel described as flat to gently rolling former pasture. The property is noted as 100% usable ground with no wetlands or floodplain, and it includes year-round access. Power is available along both the north and south boundaries, and the area is identified as suitable for a well. The parcel has been leased for hay production, with exceptionally low taxes cited at $72.91 per year, and it is being marketed as flexible for uses such as a custom home, barndominium, shop, barn, horses, or a hobby farm.

    The property is located on Harrison Flats and is described as having sweeping territorial views and open skies. Access is provided via a county gravel road on the north and paved state highway frontage on the south. The listing also references proximity to Harrison and Lake Coeur d'Alene for local recreation.

    With County AG zoning and the combination of usable acreage, power availability at both boundaries, and well-area suitability, this land is positioned for owner-operators and builders looking for a non-HOA setup with room for agricultural or rural improvements. Those planning equestrian, hobby farming, or on-site structures can evaluate the parcel’s build-ready attributes and year-round access alongside the noted power and well considerations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Harrison
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.709604
    Latitude
    47.427409

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Build-ready 19.41-acre parcel with year-round access and power at both boundaries in County AG zoning.
    Where is this agricultural land / farmland located?
    The property is located at NKA E Sunrise Drive Parcel 2 Harrison, ID.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 19.41‑acre flat to gently rolling former pasture on Harrison Flats with sweeping territorial views; No wetlands or floodplain reported; 100% usable ground; Power available on both the north and south boundaries
    (208) 446-6671
    We can help!
    Listing Contact
    James Lemieux
    Real Estate License ID: AB38081
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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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