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

    Lot 4 Main Street Lava Hot Springs, ID 83246

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $365,000

    Two-acre lot near Main Street with utilities and mountain views.

    Type:Land / Land Undeveloped
    Property size:
    90,169 SF
    Lot size:
    2.07 Acres
    Price / SF:
    $4/SF
    Added:
    May 19, 2025
    Days on Market:
    339
    Last Refresh:
    Mar 13 at 3:38 pm

    Property Features for Lot 4 Main Street

    General Information

    Standard status
    Active
    Size
    90,169 SF
    Lot size
    2.07 Acres
    Property subtype
    Land / Land Undeveloped

    We can help!

    Listing Contact
    Michelle Baker

    Listing agent Michelle Baker License #SP52618

    Listing office Idaho Rocky Mountain Real Estate

    Listing date May 19, 2025

    Source Compass

    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 Rocky Mountain Real Estate

    Overview

    Lava Hot Springs Land Parcel

    This unique property features 2 acres of land situated just off Main Street, presenting an opportunity for building a home or investment rental. Located just outside city limits, the property has no restrictions on night rentals. It includes a private well, drilled in 2024, and power is stubbed to the lot. Sewer connection is planned for May 2025. The property offers valley and mountain views and picturesque sunsets.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Auto Repair Shop Real Estate Agency Dental Office Department Store Storage Facility Grocery & Convenience Store Discount Store Furniture & Home Goods Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lava Hot Springs
    County
    Bannock
    State
    Idaho
    Longitude
    -112.020496
    Latitude
    42.618856

    Nearby Similar for Sale

    • $525,000

      Lava Hot Springs Commercial Property

      Commercial lot in downtown Lava Hot Springs with development potential.
      TBD 4th St, Lava Hot Springs, ID 83246
      View Details
    • $525,000

      Lava Hot Springs Commercial Property

      Commercial lot in downtown Lava Hot Springs with development potential.
      TBD 4th St, Lava Hot Springs, ID 83246
      View Details
    • $529,000
      3,024 SF

      Lava Hot Springs Live/Work Opportunity

      Versatile live/work property in the heart of Lava Hot Springs.
      617 W Main, Lava Hot Springs, ID 83246
      View Details
    • $440,000

      Lava Hot Springs Recreational Retreat

      40 acres of secluded, forested land near Lava Hot Springs.
      TBD S Pheasant, Lava Hot Springs, ID 83246
      View Details
    • $79,000

      Lava Hot Springs Building Lot

      0.51-acre lot bordering Lava Hot Springs Golf Course.
      S Dempsey Creek Road, Lava Hot Springs, ID 83246
      View Details
    • $1,200,000

      Lava Hot Springs Development Opportunity

      6.5-acre residential development opportunity in Lava Hot Springs, Idaho.
      00 6th West, Lava Hot Springs, ID 83246
      View Details
    • $720,000

      Lava Hot Springs Acreage

      23.1 acres near Lava Hot Springs with development potential.
      12085 S Dempsey Creek Road, Lava Hot Springs, ID 83246
      View Details
    • $367,500

      Lava Hot Springs Commercial Property

      Commercial lot in downtown Lava Hot Springs with development potential.
      TBD Elm St, Lava Hot Springs, ID 83246
      View Details
    • $200,000

      Lava Hot Springs Hunting Land

      30.88 acres of recreational land in Lava Hot Springs, ID.
      13211 Baldy Mountain Road, Lava Hot Springs, ID 83246
      View Details
    • $367,500

      Downtown Lava Hot Springs Commercial

      Commercial lot in downtown Lava Hot Springs with development potential.
      TBD Elm St, Lava Hot Springs, ID 83246
      View Details
    • $71,000

      Residential Lot in Lava Hot

      Residential building lot overlooking golf course in Lava Hot Springs.
      Lot 27R Westchester, Lava Hot Springs, ID 83246
      View Details
    • $135,000

      Residential Lots Overlooking Golf Course

      Residential building lots in Dempsey Creek area of Lava Hot Springs.
      Lots 27R & 28 Westchester, Lava Hot Springs, ID 83246
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre lot near Main Street with utilities and mountain views.
    Where is this land located?
    The property is located at Lot 4 Main Street Lava Hot Springs, ID.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: No restrictions on night rentals (outside city limits).; Private Well (drilled 2024).; **2 Acres right off of Main Street.**
    (208) 251-1503
    We can help!
    Listing Contact
    Michelle Baker
    Real Estate License ID: SP52618
    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!