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    Wendt Rd. Kendrick, ID 83537

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    Claim this Listing
    For Sale
    $538,551

    LAND - Kendrick, ID

    Lot size:
    138.09 Acres
    Added:
    Mar 5, 2025
    Days on Market:
    421
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for Wendt Rd.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    RP38N02W230100
    Lot size
    138.09 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    See associated docs.
    Tax Annual Amount
    661

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Sean Wilson
    Sean Wilson

    Listing agent Sean Wilson License #sp27993

    Listing office Latah Realty, LLC 128 E 3rd, Moscow, ID

    Listing date Mar 5, 2025

    MLS# 98937906 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.

    Overview

    Productive Farmland with Palouse Views

    This property features 138.09 acres of farmland, with 133 acres designated as tillable. Situated on a quiet, dead-end road, the land offers views of the Palouse Range, including Moscow Mountain, Mica Mountain, Beals Butte, and Tamarack Ridge, as well as the Blue Mountains over Hells Canyon. Power is available to the property along Wendt Road. According to Nez Perce County, the property is eligible for 6 property divisions per the 20-acre rule. The farmland is projected to produce $11,305 per crop year in 2025-2026 via a cash lease. The property is located in Kendrick, Idaho.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Kendrick
    County
    Latah
    State
    Idaho
    Longitude
    -116.536139
    Latitude
    46.633574

    Nearby Similar for Sale

    • $135,000

      8.5 Acres in Kendrick, ID

      Undeveloped 8.5-acre parcel with fruit trees and spring.
      NKA Redemption Lane, Kendrick, ID 83537
      View Details
    • $450,000

      Acreage with River and Utilities

      21 acres with well, power, and river access.
      1050 Cedar Ridge Rd, Kendrick, ID 83537
      View Details
    • $289,900

      Kendrick, ID Land For Sale

      20 acre lot with timber, springs, and pond.
      7362 S Dicks Creek Rd, Kendrick, ID 83537
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 138.09 acres of tillable land with investment potential.
    Where is this agricultural land / farmland located?
    The property is located at Wendt Rd. Kendrick, ID.
    What is the asking price?
    The asking price for this property is $538,551.
    What are key features of this property?
    This property features: 133 acres of highly productive tillable farmland.; Eligible for 6 property divisions per the 20‑acre rule.; Guaranteed $11,305 annual income from cash lease (crop year 2025‑2026).
    (208) 883-1525
    We can help!
    Listing Contact
    Sean Wilson
    Sean Wilson
    Real Estate License ID: sp27993
    Learn More
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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
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