Building Details

Building Size 1,200 SF

Year Built 1909

Listing Agency: Keller Williams Realty Boise

Listed By: Christopher Wolford · License #SP48579 Show Phone

Source: Evrealestate

Added: Oct 7 Changed: Oct 16 Last Checked: Oct 16 at 6:12AM

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Investment Insights

Based on property information with market context.

This residential income property dates to 1909 and contains 1,200 square feet. Interior features include a refrigerator, wall/window units, and electric wall furnace heating. The property is detached and is located at 309-311 N Commercial Ave in Emmett, Idaho.

Key Highlights

• 1,200‑square‑foot residential income property
• Built in 1909
• Wall/window units and electric wall furnace heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,825

Cap Rate

3.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$236,500 $236.5K

Cap Rate 7%

$168,929 $168.9K

Cap Rate 9%

$131,389 $131.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$22.8K $18.96/SF

− Vacancy

−$1.3K −$1.04/SF

EGI

$21.5K $17.92/SF

− OpEx

−$9.7K −$8.06/SF

NOI

$11.8K $9.85/SF

Area

Gem County, ID

Vacancy

5.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$236,500

Cap Rate 7%

$168,929

Cap Rate 9%

$131,389

Alternative Uses

Best Use

Apartment 5plus

$168.9K

$147.8K – $197.1K (±1% cap)

NOI $11,825 @ 7.0% cap · market cap 3.49%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$303.6K

$265.6K – $354.2K (±1% cap)

NOI $21,249 @ 7.0% cap · market cap 6.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

505

Businesses Nearby

Explore this area Business Placement

Demographics for 83617, ID

17,502

Population

6,981

Households

2.5

Avg Household Size

44

Median Age

22%

College-Educated

89%

High-School Grad

224.0 sq mi

ZIP Area

78

Density / Sq Mi

$65,566

Median Household Income

$34,007

Median Earnings

$873

Median Rent

$364,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - The 1909 property includes refrigerator-equipped interiors and detached construction.

Where is this residential income property located?

The property is located at 309-311 N Commercial Ave Emmett, ID.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: 1,200‑square‑foot residential income property; Built in 1909; Wall/window units and electric wall furnace heating