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    Forbis Ln Bellevue, ID 83313

    Sponsored
    For Sale
    $3,700,000

    Prime Bellevue land, 6.56 acres, strong rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 6.56-acre parcel in Bellevue, Idaho presents a compelling investment opportunity. Currently generating positive cash flow from four existing rental properties, this land offers significant upside potential. The property is zoned for either light industrial (LI) or residential development, having already received Planned Unit Development (PUD) approval from the City of Bellevue. This approval streamlines the development process, reducing potential delays and associated costs. The existing rental units provide immediate return on investment while plans for future development are explored. The substantial acreage allows for a variety of development scenarios, catering to diverse project visions. This is a rare opportunity to acquire a large, well-located parcel in a thriving community with existing income and pre-approved development plans. The property's location in Bellevue offers access to essential amenities and infrastructure, further enhancing its appeal to both developers and investors. Serious inquiries are encouraged to explore the full potential of this remarkable property. The existing rental income provides a stable foundation for future growth and development, making this a truly unique and attractive investment. Detailed financial information and development plans are available upon request. Don't miss this chance to secure a prime piece of Bellevue real estate.

    Property Features for Forbis Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    285,754 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bellevue
    County
    Blaine
    State
    Idaho
    Longitude
    -114.2635
    Latitude
    43.46766

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Bellevue land, 6.56 acres, strong rental income.
    Where is this commercial real estate located?
    The property is located at Forbis Ln Bellevue, ID.
    What is the asking price?
    The asking price for this property is $3,700,000.
    (208) 725-0800
    Request Owner's contact information
    Forbis Ln Bellevue, ID 83313
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    Realmo Value Estimation

    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.

    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.

    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
    Forbis Ln Bellevue, ID 83313
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