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

    1221 Overland Ave Burley, ID 83318

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Three-level building, 8,000 sq ft, many uses.

    Property size:
    8,000 SF

    Property Features for 1221 Overland Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,000 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Bernardo Juarez-Zamudio

    Listing Agency: Silvercreek Realty Group Listing Agent: Bernardo Juarez-Zamudio

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property located at 1221 Overland Ave, Burley, ID, presents a unique investment opportunity. Boasting a substantial 8,000 square feet of space, the building is thoughtfully divided into three levels, each approximately 2,666 square feet. The main floor is currently configured as a retail space, offering immediate income potential or the flexibility to adapt to a variety of retail businesses. The upper level features a fully functional apartment, providing additional income streams or comfortable living quarters for an owner-operator. The basement level offers versatile space that can be utilized as storage, an additional apartment, or a combination of both, depending on the buyer's needs. Situated on a 0.07-acre lot, the property benefits from excellent visibility and accessibility. The building's substantial size and adaptable layout make it ideal for a wide range of commercial ventures, from retail and office spaces to mixed-use developments. The asking price is $750,000, representing a compelling value for a property with such significant potential. This is a rare opportunity to acquire a well-located, multi-functional commercial building in a thriving community. Don't miss out on this chance to own a piece of Burley's commercial landscape. Serious inquiries only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burley
    County
    Cassia
    State
    Idaho
    Longitude
    -113.7929
    Latitude
    42.5376

    Nearby Similar for Sale

    • $1,250,000
      10,000 SF

      Retail Property on Overland Avenue

      Retail property for sale with 10,000 square feet.
      1408 Overland Ave, Burley, ID 83318
      View Details
    • $9,278,000
      21,533 SF

      NN Leased Tractor Supply Investment

      NN leased Tractor Supply investment property in Burley, Idaho.
      N 5Th St N, Burley, ID 83318
      View Details
    • Contact for pricing

      Former Bar with Retail Potential

      6,100 SF building, formerly a bar, great location.
      1054 Overland Ave, Burley, ID 83318
      View Details
    • $1,822,593
      5,400 SF

      Burley Multifamily Investment Opportunity

      Eight-unit multifamily property in a rapidly growing Burley location.
      537 Almo Ave, Burley, ID 83318
      View Details
    • $1,822,593
      5,400 SF

      Burley Multifamily Investment Opportunity

      Eight-unit multifamily property with expansion potential in a growing area.
      536 Elba Ave, Burley, ID 83318
      View Details
    • $350,000
      0.47 Acres

      Thriving Burley Restaurant - Turnkey Opportunity

      Established Restaurant, High Ratings, Great Location
      163 Highway 30, Burley, ID 83318
      View Details
    • $495,000
      10,702 SF

      Downtown Burley Landmark Building

      Historic building, high potential, prime location.
      1258 Overland Ave, Burley, ID 83318
      View Details
    • $3,200,000
      0.19 Acres

      Prime Burley Commercial Duo

      Two thriving businesses, high growth potential.
      202 Overland Dr, Burley, ID 83318
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Three-level building, 8,000 sq ft, many uses.
    Where is this commercial real estate located?
    The property is located at 1221 Overland Ave Burley, ID.
    What is the asking price?
    The asking price for this property is $750,000.
    (208) 377-0422
    Request Owner's contact information
    1221 Overland Ave Burley, ID 83318
    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.
    1221 Overland Ave
    Burley, ID 83318
    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
    1221 Overland Ave Burley, ID 83318
    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
    Bernardo Juarez-Zamudio
    (208) 377-0422
    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!