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    The Largest CRE Database in the US with Over 1 Million Listings

    330 600 Heyburn, ID 83336

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    For Lease
    Contact for pricing

    73 Acres of Prime Commercial Land in Idaho

    Property Features for 330 600

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Spaces For Lease

    at 330 600, Heyburn, ID 83336 Contact us

    We can help!

    Listing Contact
    Darren Puetz
    Darren Puetz

    Listing Agency: Thornton Oliver Keller Commercial RE, LLC Listing Agent: Darren Puetz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 73.24-acre parcel presents a unique opportunity for commercial development in Heyburn, Idaho. Located at 330 S 600 W, this expansive land tract is zoned CG (Commercial General), offering significant flexibility for a wide range of commercial ventures. The property's substantial size allows for ambitious projects, providing ample space for construction and potential future expansion. With its single-tenant designation, this property offers a streamlined approach to development and management. The property's location in Minidoka County, Idaho, provides access to key transportation routes and a growing local economy. The parcel's APN is RPH00000094205. This is a blank canvas for developers seeking a large-scale commercial project in a desirable Idaho location. The property is currently available for lease, presenting an attractive investment opportunity for businesses seeking to establish a significant presence in the Heyburn area. The expansive acreage provides ample room for various commercial uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence regarding permitted uses and development requirements. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Idaho community. The property's size and zoning make it ideal for a variety of commercial developments, from large-scale retail to industrial facilities. The address is clearly identified as 330 S 600 W, Heyburn, ID 83336.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant 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
    Heyburn
    County
    Minidoka
    State
    Idaho
    Longitude
    -113.7784686
    Latitude
    42.5706355

    Nearby Similar for Lease

    • $12 SF/Yr
      9,800 SF

      Heyburn Fabrication Shop with Lifts

      9,800 SF fabrication shop with amenities and interstate access.
      311 Centennial Dr, Heyburn, ID 83336
      View Details
    • $1.00 SF/Yr
      3,000 SF

      New Industrial Buildings For Lease

      New construction industrial spaces available for lease in Heyburn, ID.
      Tbd Commerce, Heyburn, ID 83336
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    FAQs

    What type of property is this?
    Land - 73 Acres of Prime Commercial Land in Idaho
    Where is this land located?
    The property is located at 330 600 Heyburn, ID.
    What are key features of this property?
    This property features: 73.24-acre commercial land parcel in Heyburn, ID, zoned CG (Commercial General), APN RPH00000094205.; High-traffic location with freeway frontage directly off I-84's Exit 208, boasting over 18,800 vehicles daily.; Strategically located between Salt Lake City and Boise, offering long-term growth potential along I-84's path of development.
    (208) 656-2273
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    330 600 Heyburn, ID 83336
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    Heyburn, ID 83336
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    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
    330 600 Heyburn, ID 83336
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    We can help!
    Listing Contact
    Darren Puetz
    Darren Puetz
    Real Estate License ID: #SP47267
    (208) 656-2273 (208) 378-4600 (208) 589-9899
    Learn more
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