Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Parcel in Rexburg Title is generated by Realmo AI

    3.05 Acres N 2nd E, Rexburg, ID 83440

    View on Map
    Claim this Listing
    For Sale
    $2,059,299

    COMMERCIAL - Rexburg, ID

    Lot size:
    3.05 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    19
    Last Refresh:
    May 17 at 7:06 pm

    Property Features for 3.05 Acres N 2nd E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    RPR6N40E175400
    Lot size
    3.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Legal Exhibit "A" to be Provided
    Tax Annual Amount
    5303

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Ryan Lerwill
    Ryan Lerwill

    Listing agent Ryan Lerwill License #SP25087

    Listing office Keller Williams Realty East Idaho 3525 Merlin Drive, Idaho Falls, ID

    Listing date Apr 29, 2026

    MLS# 2185919 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

    • Located in Rexburg's rapidly growing north corridor.
    • 3.05‑acre commercial parcel offering a compelling investment opportunity.
    • Strong visibility and efficient access off North 2nd East.
    • Supports various income‑producing strategies.
    • Benefits from increasing traffic counts due to residential and commercial growth.
    • Utilities available: Natural Gas, Public Water, and Public Sewer.

    Overview

    This 3.05-acre commercial parcel is positioned in the direct path of expansion in the rapidly growing north corridor of Rexburg. Located just off North 2nd East, the site benefits from strong visibility, efficient access, and increasing traffic counts driven by sustained residential growth and ongoing commercial development in the immediate area. The property's size and configuration support a range of income-producing strategies, including phased development, multi-tenant retail or office projects, pad site development, or potential build-to-suit opportunities. The surrounding area continues to see steady absorption, supported by nearby users such as Madison Armory and close proximity to Rexburg's primary retail corridor. Strong tenant demand and continued population growth reinforce long-term income stability and position the property for meaningful upside. It is located in Madison County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.7773809
    Latitude
    43.844787

    Nearby Similar for Sale

    • $500,000
      7,500 SF

      Rexburg Mixed-Use Industrial Property

      Mixed-use industrial property in central Rexburg with two buildings.
      164 W 1st N, Rexburg, ID 83440
      View Details
    • $499,000
      3,412 SF

      Renovated Rexburg Duplex with Charm

      Renovated 1920s bungalow duplex in Rexburg, Idaho.
      115 & 113 E 1st N, Rexburg, ID 83440
      View Details
    • $739,000
      4,010 SF

      Rexburg Duplex Near Campus

      Remodeled duplex near campus and hospital with significant upgrades.
      75 S 3rd E, Rexburg, ID 83440
      View Details
    • $699,000
      4,377 SF

      Rexburg Fourplex with Garage

      Well-maintained Rexburg fourplex with separate garage and income potential.
      236 N 3rd E, Rexburg, ID 83440
      View Details
    • $687,000
      7,200 SF

      Mixed-Use Investment Near BYU-Idaho

      Rexburg mixed-use property with commercial space and residential units.
      36 E Main Street, Rexburg, ID 83440
      View Details
    • $595,000

      Prime Commercial Land in Rexburg

      High-visibility commercial land near US20 Exit 333 in Rexburg, ID.
      885 W Main Street lot: 2, Rexburg, ID 83440
      View Details
    • $300,000

      Prime Commercial Land Opportunity

      Highly visible commercial land near Highway 20 in Rexburg, ID.
      3301 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $750,000

      Prime Commercial Land, Rexburg, ID

      Highly visible commercial development opportunity along Highway 20.
      3300 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $3,407,176

      Prime Commercial Land in Rexburg

      5.18-acre commercial parcel in Rexburg's growing north corridor.
      5.18 Acres N 2nd E, Rexburg, ID 83440
      View Details
    • $1,012,770

      Prime Commercial Land in Rexburg

      1.5-acre commercial parcel in Rexburg's growing north corridor.
      1.5 Acres N 2nd E, Rexburg, ID 83440
      View Details
    • $300,000

      Prime Commercial Land Along Highway

      Highly visible commercial land with highway access near Rexburg, Idaho.
      3395 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $415,000
      1,456 SF

      Rexburg Duplex Near BYU-Idaho

      Turnkey duplex investment property near BYU-Idaho and Porter Park.
      318 S 3rd W, Rexburg, ID 83440
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.05-acre commercial parcel in Rexburg's growing north corridor.
    Where is this commercial land located?
    The property is located at 3.05 Acres N 2nd E Rexburg, ID.
    What is the asking price?
    The asking price for this property is $2,059,299.
    What are key features of this property?
    This property features: Located in Rexburg's rapidly growing north corridor.; 3.05‑acre commercial parcel offering a compelling investment opportunity.; Strong visibility and efficient access off North 2nd East.
    (208) 529-8888
    We can help!
    Listing Contact
    Ryan Lerwill
    Ryan Lerwill
    Real Estate License ID: SP25087
    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
    3.05 Acres N 2nd E, Rexburg, ID 83440
    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!