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    Prime Land in Growing Area Title is generated by Realmo AI

    222 W Moody Road, Rexburg, ID 83440

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    Claim this Listing
    Pending
    $3,499,000

    LAND - Rexburg, ID

    Lot size:
    11.18 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    73
    Last Refresh:
    May 23 at 4:06 am

    Property Features for 222 W Moody Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    RP04MG1001004D
    Lot size
    11.18 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    Lot 4 Block 1 Muir Glen Division #1
    Tax Annual Amount
    1057

    We can help!

    Listing Contact
    Rachel Whoolery

    Listing agent Rachel Whoolery

    Listing office Silvercreek Realty Group 2002 Jennie Lee Dr, Meridian, ID

    Listing date Mar 12, 2026

    MLS# 2165026 Listing URL

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • MDR1 Land: Rare opportunity in a prime growth area, suitable for high‑density development.
    • High Development Potential: Build up to 178 units with included building designs; PUD could increase density.
    • Strategic Location: Freeway frontage with convenient access to Highway 20 ramps (1 mile away).
    • Proximity to Amenities: Approximately 1/2 mile from Walmart and 1000 feet from the Teton River Temple development; near restaurants, a car wash, and a credit union.
    • Water Rights Included: Easy access to the canal bordering the property.
    • Improved Access: Neighbor easement widens access road, meeting city requirements for a city road.

    Overview

    This property offers a rare opportunity to acquire land in a prime growth area. The parcel, spanning just over 11 acres, is zoned MDR1 and allows for the construction of up to 178 units. A PUD could potentially increase the density. The property is located approximately 0.5 miles from Walmart and 1000 feet from the 105-acre Teton River Temple development. Several businesses are either built or under construction at the nearest intersection, including Beehive Federal Credit Union, Nitro car-wash, and Wendy's restaurant. Existing establishments near Walmart include Panda Express, a Walmart gas station, Sally Hair Supply, and T-Mobile. The parcel benefits from high visibility due to its freeway frontage and convenient access to Highway 20 ramps, which are only 1 mile away. Water rights are included, with easy access to the canal bordering the property. An easement from a neighbor allows for an additional 8 feet, widening the access road from 60 to 68 feet, meeting city requirements for a city road. The property is located in the Muir Glen Subdivision, and is suitable for development given major new developments in the area as Madison County continues to grow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.7909695
    Latitude
    43.854909

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    FAQs

    What type of property is this?
    Land - Rare opportunity: 11+ acres near major developments in Rexburg, ID.
    Where is this land located?
    The property is located at 222 W Moody Road Rexburg, ID.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: MDR1 Land: Rare opportunity in a prime growth area, suitable for high‑density development.; High Development Potential: Build up to 178 units with included building designs; PUD could increase density.; Strategic Location: Freeway frontage with convenient access to Highway 20 ramps (1 mile away).
    (208) 523-6111
    We can help!
    Listing Contact
    Rachel Whoolery
    Request Owner's contact information
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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.

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