Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Parcel on Highway 33 Title is generated by Realmo AI

    4000 W HIGHWAY 33, Tetonia, ID 83452

    View on Map
    Claim this Listing
    For Sale
    $8,700,000

    Land parcel at the junction of Hwy 33 and 32.

    Type:Land
    Added:
    Feb 12, 2026
    Days on Market:
    110
    Last Refresh:
    Mar 16 at 8:27 am

    Property Features for 4000 W HIGHWAY 33

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    John K Pehrson

    Listing agent John K Pehrson License #6029617-PB0

    Listing office Wild Rose Realty PLLC

    Listing date Feb 12, 2026

    Source Evrealestate

    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 Wild Rose Realty PLLC

    HighLights

    • Scenic mountain views
    • Valley view
    • Located at the junction of Hwy. 33 and 32
    • Located in Teton County

    Overview

    Located at the junction of Highway 33 and 32, this land parcel is situated on the northeast corner of the subdivision. The property is located in Teton County, Idaho.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    HVAC Service Department Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tetonia
    County
    Teton
    State
    Idaho
    Longitude
    -111.110784
    Latitude
    43.78717

    Nearby Similar for Sale

    • $1,065,000
      950 SF

      Commercial Building in Growing Tetonia

      Remodeled commercial building with strong lease income and expansion potential.
      6334 N MAIN Street, Tetonia, ID 83452
      View Details
    • $1,065,000

      Commercial Building in Growing Community

      Commercial building with remodeling, strong lease, and expansion potential.
      6334 N MAIN Street, Tetonia, ID 83452
      View Details
    • $1,595,000

      Teton Valley 80-Acre Parcel

      Stunning land with water, views, and recreational access.
      80 AC W 3000 N, Tetonia, ID 83452
      View Details
    • $275,000

      Tetonia, Idaho View Lot

      2.5-acre lot with Grand Teton views near recreation.
      2662 EMMIE Lane, Tetonia, ID 83452
      View Details
    • $575,000

      Tetonia, ID Building Lot

      3.2 acre lot with Teton views and National Forest access.
      3080 Grandview Drive, Tetonia, ID 83452
      View Details
    • $239,000

      Tetonia Land with Mountain Views

      2.43-acre homesite with sweeping views and community well.
      2401 Grandview Drive, Tetonia, ID 83452
      View Details
    • $499,000

      Secluded Acreage with Mountain Views

      5.21 acre lot with panoramic views and aspen groves.
      1060 LUCKY Drive, Tetonia, ID 83452
      View Details
    • $225,000

      Tetonia, ID Building Site

      1.09-acre building site with mountain views in Tetonia, Idaho.
      2960 SAGE CREEK Drive, Tetonia, ID 83452
      View Details
    • $309,000

      Tetonia Land with Teton Views

      5-acre lot with unobstructed Teton views, ideal for equestrians.
      2000 W 4000 N lot: 7, Tetonia, ID 83452
      View Details
    • $225,000

      Tetonia, ID Building Site

      1.09-acre building site with mountain views in Tetonia, Idaho.
      2960 Sage Creek Drive, Tetonia, ID 83452
      View Details
    • $225,000

      Tetonia, ID Building Site

      1.09-acre building site with mountain views in Tetonia, Idaho.
      2960 Sage Creek Drive, Tetonia, ID 83452
      View Details
    • $194,000

      Tetonia, ID Homesite with Views

      One-acre homesite with Teton and Big Hole Mountain views.
      4069 SADDLE BLUFF Trail, Tetonia, ID 83452
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel at the junction of Hwy 33 and 32.
    Where is this land located?
    The property is located at 4000 W HIGHWAY 33 Tetonia, ID.
    What is the asking price?
    The asking price for this property is $8,700,000.
    What are key features of this property?
    This property features: Scenic mountain views; Valley view; Located at the junction of Hwy. 33 and 32
    (208) 589-8262
    We can help!
    Listing Contact
    John K Pehrson
    Real Estate License ID: 6029617-PB0
    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
    4000 W HIGHWAY 33, Tetonia, ID 83452
    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!