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

    295 S State St Rigby, ID 83442

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

    1.21 acre parcel with high visibility and convenient access.

    Type:Mixed Use, Retail
    Lot size:
    1.21 Acres
    Added:
    Sep 4, 2024
    Days on Market:
    591
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 295 S State St

    General Information

    Standard status
    Active
    Lot size
    1.21 Acres
    Property subtype
    Mixed Use, Retail

    We can help!

    Listing Contact
    Steven Frei

    Listing agent Steven Frei License #DB27874

    Listing office Idaho Business Properties

    Listing date Sep 4, 2024

    Source Crexi

    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 Idaho Business Properties

    Overview

    Redevelopment Site Opportunity in Rigby

    This 1.21-acre commercial land parcel presents a redevelopment opportunity in Rigby. The site benefits from high visibility off Highway 20 and is located immediately off the South Rigby exit. A dedicated turning lane facilitates convenient ingress and egress. The property is ideally positioned for a convenience store or tunnel carwash. Additionally, the site offers a long-term billboard lease opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rigby
    County
    Jefferson
    State
    Idaho
    Longitude
    -111.9145718
    Latitude
    43.6680051

    Nearby Similar for Sale

    • $895,000

      Productive 42-Acre Rigby Land

      42 acres with irrigation, ideal for ranchette or equestrian property.
      N 4300 E, Rigby, ID 83442
      View Details
    • $400,000

      Premium Rigby Homesite Opportunity

      Exclusive 2.5-acre wooded homesite for custom estate home.
      333 N 4440 E, Rigby, ID 83442
      View Details
    • $200,000

      Commercial Land in Rigby, Idaho

      Prime commercial lots with essential utilities and highway access.
      L1 B4 Landmark Lane, Rigby, ID 83442
      View Details
    • $2,899,900
      20,852 SF

      Modern Industrial Warehouse with Offices

      2023-built warehouse with offices, break room, and conference room.
      4118 E 667 N, Rigby, ID 83442
      View Details
    • $389,995
      1,747 SF

      Move-In Ready Home in Rigby

      Modern 3-bedroom home in 55+ community, Rigby, Idaho.
      789 Lindey Lane, Rigby, ID 83442
      View Details
    • $139,000

      Ready-to-Build Lot in Waterstone

      Prime 1-acre lot ready for construction in Rigby, Idaho.
      545 N lot: 24, Rigby, ID 83442
      View Details
    • $630,000

      Rigby Land With Development Potential

      7.5 acre lot with rezoning potential in Rigby, Idaho.
      N Annis Hwy, Rigby, ID 83442
      View Details
    • $300,000

      Land with Water Rights

      4.89 acre property with water rights near Rigby, Idaho.
      6 E 300 N, Rigby, ID 83442
      View Details
    • $279,900

      7.24 Acre Rigby Land

      7.24 acre lot with no HOA or covenants!
      N 4200 E, Rigby, ID 83442
      View Details
    • $359,000

      Secluded Land in Rigby, Idaho

      5.01 acre lot with trees and wildlife.
      4617 E 200 N, Rigby, ID 83442
      View Details
    • $440,000

      Acreage with River Views

      6.56 acre property with water rights near Snake River.
      E 530 N, Rigby, ID 83442
      View Details
    • $359,000

      Secluded Lot in Table Rock

      5.08 acre lot in north Table Rock Estates.
      4625 E 200 N, Rigby, ID 83442
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.21 acre parcel with high visibility and convenient access.
    Where is this commercial land located?
    The property is located at 295 S State St Rigby, ID.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: High visibility location immediately off the South Rigby exit and Highway 20.; 1.21 acre redevelopment site.; Dedicated turning lane for convenient access.
    (208) 339-1052 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Frei
    Real Estate License ID: DB27874
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!