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

    188 Wilson Ln Challis, ID 83226

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,999

    Turn-key operation, 7,000 sq ft, great location.

    Property Features for 188 Wilson Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    James Tautkus
    James Tautkus

    Listing Agency: Keller Williams Sun Valley Southern Idaho Listing Agent: James Tautkus

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional business opportunity in Challis, Idaho, presents a fully operational repair shop and warehouse complex, ideal for a buyer seeking an established enterprise. The property encompasses two buildings totaling 7,000 square feet on a 0.16-acre lot at 188 Wilson Lane. The main structure offers 4,000 square feet of versatile shop and warehouse space, perfectly suited for equipment storage, repairs, and various industrial uses. A separate 3,000-square-foot retail space provides ample room for customer interaction, sales, or additional workshop areas. The asking price of $499,999 includes the real estate and a shipping container, offering immediate operational capacity. Equipment and tools are available for separate negotiation, providing flexibility for the new owner to customize the setup to their specific needs. This prime location in Challis caters to the local ranching community, ensuring a consistent customer base and strong potential for growth. The property's turn-key nature minimizes upfront investment and allows for immediate revenue generation. This is a rare opportunity to acquire a well-established business with significant potential in a desirable location. The property is ready for a new owner to step in and continue its success.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Challis
    County
    Custer
    State
    Idaho
    Longitude
    -114.218
    Latitude
    44.51104

    Nearby Similar for Sale

    • $330,000
      1,604 SF

      Challis Multi-Family Investment Opportunity

      Multi-family property in Challis, Idaho with commercial zoning.
      520 E Main St, Challis, ID 83226
      View Details
    • $199,900
      5.60 Acres

      Challis Commercial Land - Hwy 93 Frontage

      Prime 5.6-acre commercial lot, highway access.
      24777 Highway 93, Challis, ID 83226
      View Details
    • $175,000
      2.00 Acres

      Challis Commercial Land - 2 Acres

      Prime Commercial Lot, Well & Pump Included
      1723 Vly Ave, Challis, ID 83226
      View Details
    • $645,000
      0.15 Acres

      Challis Restaurant & Bar Opportunity

      Established Main Street eatery, huge potential.
      1200 Main St, Challis, ID 83226
      View Details
    • Contact for pricing

      Established Restaurant & Bar For Sale

      Operating restaurant and bar with banquet room and apartment.
      1200 E Main St, Challis, ID 83226
      View Details
    • $215,000
      0.07 Acres

      121 Rodeo Rd, Challis, ID 83226

      Commercial real estate • 0.07 Acres
      121 Rodeo Rd, Challis, ID 83226
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Turn-key operation, 7,000 sq ft, great location.
    Where is this commercial real estate located?
    The property is located at 188 Wilson Ln Challis, ID.
    What is the asking price?
    The asking price for this property is $499,999.
    (208) 734-1991
    Request Owner's contact information
    188 Wilson Ln Challis, ID 83226
    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.
    188 Wilson Ln
    Challis, ID 83226
    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
    188 Wilson Ln Challis, ID 83226
    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

    We can help!
    Listing Contact
    James Tautkus
    James Tautkus
    Real Estate License ID: AB43803
    (208) 734-1991 (208) 734-0525 (208) 721-8672
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!