Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    248.5 Acres in Prime Driggs Title is generated by Realmo AI

    250 E 1750 N, Driggs, ID 83422

    View on Map
    Claim this Listing
    For Sale
    $9,850,000

    COMMERCIAL - Driggs, ID

    Lot size:
    248.50 Acres
    Added:
    Sep 17, 2023
    Days on Market:
    983
    Last Refresh:
    May 26 at 2:06 pm

    Property Features for 250 E 1750 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    RP05N45E242400,RP05N45E2230010
    Lot size
    248.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    437

    We can help!

    Listing Contact
    Mark Rockefeller

    Listing agent Mark Rockefeller License #AB6795

    Listing office Teton Valley Realty 253 S Main Box 604, Driggs, ID

    Listing date Sep 17, 2023

    MLS# 23-2207

    Copyright © 2026 Teton Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 248.5 acre prime location with 1,658 ft frontage to Airport Taxiway
    • Light Industrial Zone, suited for AirPark Development & Light Industrial mixed uses
    • Includes 380 shares of irrig water rights
    • Prime Grand Teton View Corridor
    • Three Deeded 60' wide Road/Utility Easements and One 60' Platted Rodeo Dr Public Rd easement
    • City Water and Sewer in vicinity, annexation required

    Overview

    This 248.5-acre commercial land is located in a prime area of Driggs, Idaho. The property features 1,658 feet of frontage to the Airport Taxiway. Currently in agricultural use, it includes 380 shares of irrigation water rights. Zoned for light industrial use within the Driggs Area of Impact, the site is suited for AirPark development and light industrial mixed uses. It offers a prime view corridor of the Grand Teton. Three 60-foot wide deeded road/utility easements extend from State Highway 33 to the west boundary, and one 60-foot platted Rodeo Dr public road easement runs to the south boundary, all qualifying for subdivision per Teton County Ordinance. City water and sewer are in the vicinity, though annexation is required. Negotiations are ongoing with Driggs City and the FAA regarding an obstacle-free zone. Through-the-Fence aircraft taxiway access is subject to approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Showroom Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Driggs
    County
    Teton
    State
    Idaho
    Longitude
    -111.0663219
    Latitude
    43.7210239

    Nearby Similar for Sale

    • $897,000
      2,080 SF

      Driggs Duplex Near Ski Hill

      Two-unit property on 1.25 acres near Grand Targhee Resort.
      200 ASPEN MEADOWS Road, Driggs, ID 83422
      View Details
    • $897,000
      2,080 SF

      Driggs Duplex Near Ski Hill

      Income-producing duplex on 1.25 acres near Grand Targhee Resort.
      200 ASPEN MEADOWS Road, Driggs, ID 83422
      View Details
    • $1,850,000
      600 SF

      Driggs Commercial Land with Cabin

      0.96-acre commercial parcel with utilities and high visibility.
      1221 N HIGHWAY 33, Driggs, ID 83422
      View Details
    • $598,000

      Scenic Land Parcel with Views

      9.3-acre parcel with mountain views near Darby Canyon trails.
      E 3000 S, Driggs, ID 83422
      View Details
    • $1,850,000

      Prime Commercial Land in Driggs

      0.96-acre commercial parcel with high visibility and utilities.
      1221 N HIGHWAY 33, Driggs, ID 83422
      View Details
    • $499,000
      2,200 SF

      Driggs Restaurant & Catering Business

      Established restaurant and catering business in Driggs, Idaho for sale.
      15 S Main Street, Driggs, ID 83455
      View Details
    • $11,000,000
      43,344 SF

      Driggs Multifamily Investment Opportunity

      36-unit multifamily portfolio in Driggs, strong occupancy history.
      392 CLUBMOSS Lane, Driggs, ID 83422
      View Details
    • $899,500
      1,790 SF

      Driggs Duplex Ready for Development

      Duplex in Driggs, shovel-ready with permits and plans.
      424 CLUBMOSS Lane, Driggs, ID 83422
      View Details
    • $1,550,000
      5,250 SF

      Driggs Airport Hangar with Apartment

      Aircraft hangar with furnished apartment at Driggs-Reed Memorial Airport.
      253 WARBIRD Lane, Driggs, ID 83422
      View Details
    • $193,000

      Driggs, ID Corner Building Site

      Corner lot near downtown Driggs with city utilities and easy access.
      660 APPALOOSA Trail, Driggs, ID 83422
      View Details
    • $188,000
      1,204 SF

      Established Wine Bar & Bistro

      Turnkey wine bar and bistro in downtown Driggs.
      75 W BATES Road, Driggs, ID 83422
      View Details
    • $230,000

      Wooded Lot in Driggs, ID

      0.80-acre wooded lot in Driggs with building site ready.
      843 WOODLAND Way, Driggs, ID 83422
      View Details

    FAQs

    What type of property is this?
    Land - 248.5 acres with frontage to Airport Taxiway in Driggs, ID.
    Where is this land located?
    The property is located at 250 E 1750 N Driggs, ID.
    What is the asking price?
    The asking price for this property is $9,850,000.
    What are key features of this property?
    This property features: 248.5 acre prime location with 1,658 ft frontage to Airport Taxiway; Light Industrial Zone, suited for AirPark Development & Light Industrial mixed uses; Includes 380 shares of irrig water rights
    (208) 351-1411
    We can help!
    Listing Contact
    Mark Rockefeller
    Real Estate License ID: AB6795
    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
    250 E 1750 N, Driggs, ID 83422
    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!