Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scenic Bear Lake Valley Acreage Title is generated by Realmo AI

    357 W 3RD St, Bloomington, ID 83223

    View on Map
    Claim this Listing
    New
    For Sale
    $180,000

    LAND - Bloomington, ID

    Lot size:
    6.57 Acres
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 357 W 3RD St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family, Agricultur
    Standard status
    Active
    APN
    04617.04
    Lot size
    6.57 Acres

    Taxes and HOA fees

    Tax Annual Amount
    300

    We can help!

    Listing Contact
    Evan Skinner

    Listing agent Evan Skinner License #19562

    Listing office Property Pros Realty 196 S 4th St, Montpelier, ID

    Listing date May 18, 2026

    MLS# 2158821 Listing URL

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

    HighLights

    • Breathtaking panoramic views of Bear Lake and surrounding mountains.
    • 6.57 acres of land adjoining Idaho State land.
    • No HOA fees and no CCR restrictions.
    • Seasonal access provides privacy and off‑grid appeal.
    • Close proximity to National Forest access and outdoor recreation opportunities.
    • Ideal for recreation, camping, or a seasonal cabin getaway.

    Overview

    This 6.57-acre property is located just west of Bloomington in Bear Lake County, offering panoramic views of Bear Lake and the surrounding mountains. It is suitable for recreation, camping, or a seasonal cabin. The property has no HOA fees or CCR restrictions. Access is provided through a recorded easement from North 3rd Street to the northeast side of the parcel. The western boundary adjoins Idaho State land, with National Forest access a short drive up Bloomington Canyon, offering opportunities for hiking, ATV riding, hunting, and wildlife viewing. This secluded parcel is accessed seasonally and currently has no utilities. Wildlife is abundant throughout the area. The zoning is Single-Family, Agricultur.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Bloomington
    County
    Bear Lake
    State
    Idaho
    Longitude
    -111.402
    Latitude
    42.1891

    Nearby Similar for Sale

    • $420,000

      Bloomington, ID - 11.21 Acres

      11.21 acres in Bloomington, ID with creek frontage.
      TBD S US Hwy 89, Bloomington, ID 83223
      View Details
    • $900,000

      Bloomington Canyon Road Land Parcel

      10.83-acre mountain parcel near Bloomington Creek with panoramic views.
      Bloomington, ID 83223
      View Details
    • $800,000

      Bloomington Canyon Land Parcel

      Secluded 10.7-acre parcel with stunning views and recreational opportunities.
      Bloomington, ID 83223
      View Details
    • $900,000

      Bloomington, ID Mountain Serenity Land

      19.79 acres of off-grid mountain land with creek.
      Bloomington, ID 83223
      View Details
    • $1,200,000

      Bloomington Canyon Land with Creek

      14.8 acres of canyon beauty with creek and views.
      Bloomington, ID 83223
      View Details

    FAQs

    What type of property is this?
    Recreation land - 6.57 acres with panoramic views, ideal for recreation.
    Where is this recreation land located?
    The property is located at 357 W 3RD St Bloomington, ID.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Breathtaking panoramic views of Bear Lake and surrounding mountains.; 6.57 acres of land adjoining Idaho State land.; No HOA fees and no CCR restrictions.
    (208) 847-2300
    We can help!
    Listing Contact
    Evan Skinner
    Real Estate License ID: 19562
    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
    357 W 3RD St, Bloomington, ID 83223
    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!