Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Salmon Hot Springs Rd Salmon, ID 83467

    View on Map
    Claim this Listing
    For Sale
    $3,750,000

    Land Only, Other - Salmon, ID

    Type:Farm
    Property size:
    6,100 SF
    Lot size:
    366.00 Acres
    Added:
    Aug 28, 2024
    Days on Market:
    610
    Last Refresh:
    Apr 29 at 11:06 pm

    Property Features for Salmon Hot Springs Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Exterior features
    Shop
    Standard status
    Active
    Size
    6,100 SF
    Lot size
    366.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    963.59

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gil Judkins
    Gil Judkins

    Listing agent Gil Judkins

    Listing office Premier Properties Real Estate Co. 460 E Oak Suite A, Pocatello, ID

    Listing date Aug 28, 2024

    MLS# 577406 Listing URL

    Copyright © 2026 Greater Pocatello Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    366 Acres with Hot Springs

    This 366-acre property is located near Salmon, Idaho. A notable feature is the presence of a hot spring, which has been piped into a 6100 sq ft building. The property holds potential for development as a recreational site. The water right associated with the property is 1.7 CFS.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Salmon
    County
    Lemhi
    State
    Idaho
    Longitude
    -113.704
    Latitude
    45.092

    Nearby Similar for Sale

    • $599,000
      5,940 SF

      Downtown Salmon Retail Opportunity

      Established retail business with high visibility in downtown Salmon.
      414 Main Street, Salmon, ID 83467
      View Details
    • $290,000
      3,000 SF

      Commercial Shop with Highway Frontage

      Income-producing commercial property with shop space and highway visibility.
      35 Hwy 93, Salmon, ID 83467
      View Details
    • $1,499,000
      6,692 SF

      Established Powersports Business on Highway 93

      Turn-key power sports and outdoor equipment business for sale.
      5 Demick Lane, Salmon, ID 83467
      View Details
    • $1,250,000

      Highway 93 S Frontage Property

      6,692 SF building on 5 acres in Salmon, Idaho.
      5 Demick Lane, Salmon, ID 83467
      View Details
    • $800,000
      2,216 SF

      Turnkey Bar and Grill Business

      Operating bar and grill with RV hookups and living quarters.
      104 W Elkhorn Road, Salmon, ID 83467
      View Details
    • $99,900

      Scenic 1.38-Acre Lot in Salmon

      Private 1.38-acre lot with creek and valley views.
      Oliver Drive, Salmon, ID 83467
      View Details
    • $32,500

      Idaho Land Parcel in Salmon

      1.2-acre parcel in Salmon, Idaho, ideal for custom home.
      Gold Valley Drive lot: 3, Salmon, ID 83467
      View Details
    • $29,000

      Idaho Off-Grid Recreation Land

      1.91-acre off-grid lot near BLM land in Salmon, ID.
      Mckim Creek Road, Salmon, ID 83467
      View Details
    • $48,500

      Idaho Land in Gold Valley

      1.8 acres in Salmon, ID, near Salmon River.
      Gold Valley Drive lot: 2, Salmon, ID 83467
      View Details
    • $29,500

      Land in Elk Bend Community

      0.41-acre lot near Salmon River with owner financing.
      Galena Grade lot: 47, Salmon, ID 83467
      View Details
    • $140,000

      2.57 Acres in Sunset Heights

      Vacant land with mountain and valley views in Salmon, ID.
      Bluebell Lane, Salmon, ID 83467
      View Details
    • $185,000

      Creek Side Retreat Land

      3-acre land with creek, trees, and countryside views.
      Burden Road, Salmon, ID 83467
      View Details

    FAQs

    What type of property is this?
    Farm - Large acreage with hot springs near Salmon, Idaho.
    Where is this farm located?
    The property is located at Salmon Hot Springs Rd Salmon, ID.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 366 Acres of Land; Hot Springs On‑Site; Water Right of 1.7 CFS
    (208) 251-1780
    We can help!
    Listing Contact
    Gil Judkins
    Gil Judkins
    Real Estate License ID: SP22346
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!