Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land in Rexburg Title is generated by Realmo AI

    885 W Main Street lot 2, Rexburg, ID 83440

    View on Map
    Claim this Listing
    For Sale
    $595,000

    COMMERCIAL - Rexburg, ID

    Lot size:
    0.94 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    20
    Last Refresh:
    May 17 at 6:06 pm

    Property Features for 885 W Main Street lot 2

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    RPR4CCF0000020
    Lot size
    0.94 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 2, Cross Charitable Foundation
    Tax Annual Amount
    4026

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Judy Hobbs

    Listing agent Judy Hobbs

    Listing office Realty Quest 117 W Main, Rexburg, ID

    Listing date Apr 28, 2026

    MLS# 2174574 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.

    HighLights

    • Prime location with excellent visibility from US20 Exit 333 and Main Street.
    • High‑growth area due to Rexburg's expansion and the new Diamond Interchange.
    • Proximity to established businesses like Maverik, Dutch Bros, SureStay Inn, auto dealership, and business park.
    • Opportunity due to lack of food service competition in the immediate area.
    • Adjacent to a municipal golf course.
    • Utilities available: Natural Gas, Public Water, and Public Sewer.

    Overview

    This 0.94-acre commercial land is located in Rexburg, Idaho. The property benefits from high visibility from US20 Exit 333 and Main Street, offering east and west views. The location is near the newly developed Diamond Interchange at US20 Exit 333. Neighboring businesses include Maverik County Store, Dutch Bros, SureStay Inn, a busy auto dealership, a business park, and a municipal golf course. According to the listing, there is currently no food service competition in the immediate area, presenting a potential business opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SureStay Plus By ... Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.809078
    Latitude
    43.824723

    Nearby Similar for Sale

    • $500,000
      7,500 SF

      Rexburg Mixed-Use Industrial Property

      Mixed-use industrial property in central Rexburg with two buildings.
      164 W 1st N, Rexburg, ID 83440
      View Details
    • $499,000
      3,412 SF

      Renovated Rexburg Duplex with Charm

      Renovated 1920s bungalow duplex in Rexburg, Idaho.
      115 & 113 E 1st N, Rexburg, ID 83440
      View Details
    • $739,000
      4,010 SF

      Rexburg Duplex Near Campus

      Remodeled duplex near campus and hospital with significant upgrades.
      75 S 3rd E, Rexburg, ID 83440
      View Details
    • $699,000
      4,377 SF

      Rexburg Fourplex with Garage

      Well-maintained Rexburg fourplex with separate garage and income potential.
      236 N 3rd E, Rexburg, ID 83440
      View Details
    • $687,000
      7,200 SF

      Mixed-Use Investment Near BYU-Idaho

      Rexburg mixed-use property with commercial space and residential units.
      36 E Main Street, Rexburg, ID 83440
      View Details
    • $300,000

      Prime Commercial Land Opportunity

      Highly visible commercial land near Highway 20 in Rexburg, ID.
      3301 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $750,000

      Prime Commercial Land, Rexburg, ID

      Highly visible commercial development opportunity along Highway 20.
      3300 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $3,407,176

      Prime Commercial Land in Rexburg

      5.18-acre commercial parcel in Rexburg's growing north corridor.
      5.18 Acres N 2nd E, Rexburg, ID 83440
      View Details
    • $2,059,299

      Prime Commercial Parcel in Rexburg

      3.05-acre commercial parcel in Rexburg's growing north corridor.
      3.05 Acres N 2nd E, Rexburg, ID 83440
      View Details
    • $1,012,770

      Prime Commercial Land in Rexburg

      1.5-acre commercial parcel in Rexburg's growing north corridor.
      1.5 Acres N 2nd E, Rexburg, ID 83440
      View Details
    • $300,000

      Prime Commercial Land Along Highway

      Highly visible commercial land with highway access near Rexburg, Idaho.
      3395 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $415,000
      1,456 SF

      Rexburg Duplex Near BYU-Idaho

      Turnkey duplex investment property near BYU-Idaho and Porter Park.
      318 S 3rd W, Rexburg, ID 83440
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land near US20 Exit 333 in Rexburg, ID.
    Where is this commercial land located?
    The property is located at 885 W Main Street lot 2 Rexburg, ID.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Prime location with excellent visibility from US20 Exit 333 and Main Street.; High‑growth area due to Rexburg's expansion and the new Diamond Interchange.; Proximity to established businesses like Maverik, Dutch Bros, SureStay Inn, auto dealership, and business park.
    (208) 356-8787
    We can help!
    Listing Contact
    Judy Hobbs
    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
    885 W Main Street lot: 2, Rexburg, ID 83440
    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!