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

    NKA 618acs Freeman Creek Lenore, ID 83541

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,950,000

    618 acres of land available in Nez Perce County, Idaho.

    Type:Land
    Added:
    Mar 28, 2025
    Days on Market:
    390
    Last Refresh:
    Mar 16 at 8:27 am

    Property Features for NKA 618acs Freeman Creek

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike McCooey

    Listing agent Mike McCooey License #SP51335

    Listing office Clearwater Properties of Idaho, Inc

    Listing date Mar 28, 2025

    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 Clearwater Properties of Idaho, Inc

    Overview

    618 Acres of Land in Lenore

    This property features 618 acres of land located in Nez Perce County, near Lenore, Idaho. The land is situated approximately 6 miles west of Cavendish, accessible via Middle Road. The grid coordinate to the gate is 46.55776, -116.32701.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenore
    County
    Clearwater
    State
    Idaho
    Longitude
    -116.360236
    Latitude
    46.567953

    Nearby Similar for Sale

    • $300,000

      Lenore, ID Acreage with Utilities

      13.4 acres ready for your dream home in Lenore.
      620 Old Peck Grade, Lenore, ID 83541
      View Details
    • $600,000

      80 Acres of Versatile Land

      80-acre parcel with timber, pasture, pond, and hunting area.
      Middle Road, Lenore, ID 83541
      View Details
    • $350,000

      Expansive Prairie Acreage in Lenore

      Nearly 80 acres with unobstructed views, privacy, and accessibility.
      Settlement Rd, Lenore, ID 83541
      View Details
    • $285,000

      Airstrip Access Land Near Dworshak

      19.5 acres with airstrip access near Dworshak Reservoir.
      Silver Lane, Lenore, ID 83541
      View Details
    • $225,000

      Lenore Land with Utilities

      20 acres with infrastructure, ready for building or recreation.
      36171 River Rd, Lenore, ID 83541
      View Details
    • $199,000

      Lenore, ID Acreage with Spring

      20+ acres near Dworshak Reservoir with natural spring.
      Brown Rd, Parcel 2, Lenore, ID 83541
      View Details
    • $174,000

      Buildable Land Near Dworshak Reservoir

      20+ acres near Dworshak Reservoir, North Central Idaho.
      Brown Rd, Parcel 1, Lenore, ID 83541
      View Details
    • $199,000

      Idaho Land with Canyon Views

      12.45 acres in Lenore, ID with Clearwater River views.
      Summit Grade Parcel "d", Lenore, ID 83501
      View Details
    • $129,900

      Lenore, ID Land Parcel

      6.1 acres with river valley views in Lenore, Idaho.
      Sunnyside Bench Rd., Lenore, ID 83541
      View Details
    • $350,000

      Lenore, ID Wooded Building Lot

      20.4 acre wooded lot with well and septic system.
      506 Devils Elbow Drive, Lenore, ID 83541
      View Details
    • $340,000

      Lenore, ID Land with Well

      8.15 acres with well, ready to build site.
      Quiet Hills Lane lot: 4, Lenore, ID 83541
      View Details
    • $4,950,000

      Lenore, ID Land Opportunity

      618 acres with views, timber, and hunting potential.
      NKA 618acs Freeman Creek Rd, Lenore, ID 83541
      View Details

    FAQs

    What type of property is this?
    Land - 618 acres of land available in Nez Perce County, Idaho.
    Where is this land located?
    The property is located at NKA 618acs Freeman Creek Lenore, ID.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Territorial view; Lake view; Located in Nez Perce County
    (208) 770-9424
    We can help!
    Listing Contact
    Mike McCooey
    Real Estate License ID: SP51335
    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!