Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    5126 Rees Drive Island Park, ID 83429

    View on Map
    Claim this Listing
    New
    Pending
    $149,900

    LAND - Island Park, ID

    Lot size:
    0.71 Acres
    Added:
    May 4, 2026
    Days on Market:
    3
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 5126 Rees Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Valley View Ranch Div#1 Lot79A Blk8
    Tax Annual Amount
    250

    We can help!

    Listing Contact
    Douglas Orchard

    Listing agent Douglas Orchard

    Listing office Silvercreek Realty Group 2002 Jennie Lee Dr, Meridian, ID

    Listing date May 4, 2026

    MLS# 2185861 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.

    Overview

    Island Park Build-Ready Lot

    This 0.71-acre lot in Island Park presents a rare opportunity for development. The property is build-ready and already has power. It features views of the mountains and Henry's Lake. The flexible zoning allows for two homes to be built on the lot, as well as the possibility of nightly rentals. This lot is suitable for a vacation home, nightly rental, or investment property.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Island Park
    County
    Fremont
    State
    Idaho
    Longitude
    -111.3284593
    Latitude
    44.6272487

    Nearby Similar for Sale

    • $2,985,000
      9,000 SF

      Turnkey Business Near Yellowstone Park

      Thriving commercial property with lodging, retail, and guided fishing.
      4771 Hwy 20, Island Park, ID 83429
      View Details
    • $579,000

      Commercial Acre in Island Park

      One-acre commercial lot near Highway 20 and grocery store.
      4418 Hwy 20, Island Park, ID 83429
      View Details
    • $679,000

      Commercial Acreage on Highway 20

      One-acre commercial property with well, power, and highway access.
      4417 Hwy 20, Island Park, ID 83429
      View Details
    • $362,500

      Island Park RV Ready Land

      RV ready land with full hookups and sheds.
      4042 Marlin Drive, Island Park, ID 83429
      View Details
    • $309,000

      Wooded Lot Near Yellowstone Park

      4.55 acre wooded lot near Yellowstone, short-term rentals allowed.
      4256 Mountain View Drive, Island Park, ID 83429
      View Details
    • $1,497,000

      Henry's Lake Waterfront Land

      1.17 acres with 130 feet of Henry's Lake frontage.
      5410 Henrys Lake Road, Island Park, ID 83429
      View Details
    • $890,000
      2,160 SF

      Furnished Triplex Near Pond's Lodge

      Island Park triplex ideal for vacation rental or multi-family getaway.
      3770 Arctic Fox Drive, Island Park, ID 83429
      View Details
    • $12,000,000

      Island Park Commercial/Residential Land

      124 acres with commercial zoning near Yellowstone National Park.
      5218 Hwy 20, Island Park, ID 83429
      View Details
    • $324,000

      Island Park Building Lot

      5.7 acre building lot bordering Ice House Creek.
      2850 Morning Dew Drive, Island Park, ID 83429
      View Details
    • $398,000

      Island Park Acreage in Shadow Wood

      3.53-acre lot in gated community with vacation rental allowance.
      4911 Shadow Wood, Island Park, ID 83429
      View Details
    • $89,000

      Island Park Treed Building Lot

      Building lot near Snake River and Harriman State Park.
      3511 Buffalo Lane, Island Park, ID 83429
      View Details
    • $435,000

      Island Park Acreage for Getaway

      1.54-acre lot in Sparrow Hawk area, Island Park, ID.
      3632 Sparrow Hawk Drive, Island Park, ID 83429
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.71-acre lot in Island Park with flexible zoning.
    Where is this residential land & home lot located?
    The property is located at 5126 Rees Drive Island Park, ID.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Prime location near Henry's Lake and West Yellowstone; .71‑acre build‑ready lot; Power already to the property
    (208) 523-6111
    We can help!
    Listing Contact
    Douglas Orchard
    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
    5126 Rees Drive, Island Park, ID 83429
    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!