Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Development Land in Prime Location Title is generated by Realmo AI

    1067 S Main St, Payette, ID

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Shovel-ready commercial land with utilities in a growing development.

    Type:LAND
    Lot size:
    1.13 Acres
    Added:
    Apr 2, 2024
    Days on Market:
    773
    Last Refresh:
    Apr 5 at 8:45 pm

    Property Features for 1067 S Main St

    General Information

    Standard status
    Active
    Lot size
    1.13 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Cory Perry

    Listing agent Cory Perry

    Listing office Summit Commercial Real Estate

    Listing date Apr 2, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial Real Estate

    HighLights

    • Shovel‑ready lot with all utilities at or near the site.
    • Located in a new development between Main St. & S 16th St. in Payette.
    • High‑traffic location near Highway 95 - Main Street junction.
    • Potential uses include retail, drive‑through restaurant, medical, office, professional service providers, or sales office.
    • Adjacent to new McDonald’s and a 40‑unit multi‑family housing complex (Trapper's Perch) under construction.
    • Seller is developing multi‑tenant shop spaces on the adjacent property to the west.

    Overview

    This is the last remaining lot available within a new development situated between Main St. and S 16th St. in Payette. The parcel is in shovel-ready condition, with all utilities located at or near the site. Recent sales in the development include a McDonald’s, which is now open. A new 40-unit multi-family housing complex, Trappers Perch, is under construction with leasing expected to begin in spring 2025. Potential uses for the property include retail, drive-through restaurant, medical facilities, office space, professional service providers, or a sales office. Located north of the Highway 95 and Main Street junction, the location is expected to attract customers from the surrounding cities of Fruitland, Idaho, and Ontario, Oregon. The seller is currently developing multi-tenant shop spaces on the land to the west of the subject property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Payette
    County
    Payette
    State
    Idaho
    Longitude
    -116.934
    Latitude
    44.0782

    Nearby Similar for Sale

    • $245,000

      Ready-to-Build 6-Plex Land

      Land with approved plans for a 6-plex in Payette, ID.
      S 14th Street, Payette, ID 83661
      View Details
    • $1,300,000

      Development Land in Payette, Idaho

      32.78+/- acre parcel with development potential in Payette city.
      Center Avenue, Payette, ID 83661
      View Details
    • $1.00

      496 Acres in Payette, Idaho

      Large acreage with development potential in a growing Idaho community.
      Stone Quarry Rd, Payette, ID 83661
      View Details
    • $1,850,000

      270 Acres Irrigated Land Opportunity

      270 acres of irrigated land near Payette, Idaho.
      Little Willow Rd, Payette, ID 83661
      View Details
    • $265,000

      Payette Land with Highway Frontage

      3.64 acres with Highway 95 frontage in Payette, Idaho.
      Hwy 95, Payette, ID 83661
      View Details
    • $105,000

      Residential Corner Lot in Payette

      Buildable residential corner lot with utilities in Payette, Idaho.
      3rd Ave S, Payette, ID 83661
      View Details
    • $95,000

      Payette Buildable Residential Lot

      Buildable residential lot with services in Payette, Idaho.
      S 14th St, Payette, ID 83661
      View Details
    • $95,000

      Payette Buildable Residential Lot

      Residential lot with utilities in Payette, Idaho.
      S 14th St., Payette, ID 83661
      View Details
    • $295,000

      Acre Property in Payette, ID

      One-acre property near Payette with development potential and mature trees.
      3065 Center Ave, Payette, ID 83661
      View Details
    • $1.00

      Payette County Land Opportunity

      929 acres near infrastructure, ideal for various high-demand projects.
      Gulch Road, Payette, ID 83661
      View Details
    • $150,000

      Payette Acreage with Building Permit

      1.06 acres near Hwy 52 with well and power.
      3513 Highway 52, Payette, ID 83661
      View Details
    • $667,000

      Payette Specialty Property For Sale

      Specialty property available for purchase in Payette, Idaho.
      6 N Main St, Payette, ID
      View Details

    FAQs

    What type of property is this?
    Commercial land - Shovel-ready commercial land with utilities in a growing development.
    Where is this commercial land located?
    The property is located at 1067 S Main St Payette, ID.
    What are key features of this property?
    This property features: Shovel‑ready lot with all utilities at or near the site.; Located in a new development between Main St. & S 16th St. in Payette.; High‑traffic location near Highway 95 - Main Street junction.
    (208) 871-8824 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cory Perry
    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

    Thank You for Inquiry
    1067 S Main St, Payette, ID
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!