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

    9 Rivers Edge Rnch Challis, ID 83226

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Scenic 1-acre lot, mountain views. Quiet Idaho location.

    Property Features for 9 Rivers Edge Rnch

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    We can help!

    Listing Contact
    Hether Lambson

    Listing Agency: Way Out West Realty Listing Agent: Hether Lambson

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

    Learn more

    Overview

    This exceptional 1-acre residential lot is situated in the tranquil Rivers Edge Ranch Subdivision in Challis, Idaho. Boasting breathtaking mountain views, this property offers a unique opportunity to build your dream home in a peaceful setting. Part of a small development of three 1-acre lots, this is the first time this particular parcel has been offered for sale since the subdivision's creation in 1976. The location is exceptionally quiet and scenic, providing a true escape from the hustle and bustle of city life. Electricity is readily available at the subdivision's edge, simplifying the construction process. Minimal deed restrictions ensure your privacy and enjoyment of this remarkable property. The lot's address is TBD Lot 9 Rivers Edge Ranch Subdivision, Challis, ID 83226. This is an ideal opportunity for those seeking a secluded yet accessible location to build their dream home amidst the stunning Idaho landscape. Don't miss this chance to own a piece of this pristine mountain paradise.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Challis
    County
    Custer
    State
    Idaho
    Longitude
    -114.29871390341
    Latitude
    44.294286783451

    Nearby Similar for Sale

    • $330,000
      1,604 SF

      Challis Multi-Family Investment Opportunity

      Multi-family property in Challis, Idaho with commercial zoning.
      520 E Main St, Challis, ID 83226
      View Details
    • $499,999
      0.16 Acres

      Challis Repair Shop & Warehouse

      Turn-key operation, 7,000 sq ft, great location.
      188 Wilson Ln, Challis, ID 83226
      View Details
    • $199,900
      5.60 Acres

      Challis Commercial Land - Hwy 93 Frontage

      Prime 5.6-acre commercial lot, highway access.
      24777 Highway 93, Challis, ID 83226
      View Details
    • $175,000
      2.00 Acres

      Challis Commercial Land - 2 Acres

      Prime Commercial Lot, Well & Pump Included
      1723 Vly Ave, Challis, ID 83226
      View Details
    • $645,000
      0.15 Acres

      Challis Restaurant & Bar Opportunity

      Established Main Street eatery, huge potential.
      1200 Main St, Challis, ID 83226
      View Details
    • Contact for pricing

      Established Restaurant & Bar For Sale

      Operating restaurant and bar with banquet room and apartment.
      1200 E Main St, Challis, ID 83226
      View Details
    • $215,000
      0.07 Acres

      121 Rodeo Rd, Challis, ID 83226

      Commercial real estate • 0.07 Acres
      121 Rodeo Rd, Challis, ID 83226
      View Details

    FAQs

    What type of property is this?
    Land - Scenic 1-acre lot, mountain views. Quiet Idaho location.
    Where is this land located?
    The property is located at 9 Rivers Edge Rnch Challis, ID.
    What is the asking price?
    The asking price for this property is $62,000.
    What are key features of this property?
    This property features: $62,000 asking price for a 1-acre residential lot.; Located in Challis, ID, zip code 83226, within the Rivers Edge Ranch Subdivision (Lot 9).; Quiet, scenic location with mountain views.
    (208) 879-2211 Call to check price and availability
    Request Owner's contact information
    9 Rivers Edge Rnch Challis, ID 83226
    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.
    9 Rivers Edge Rnch
    Challis, ID 83226
    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
    9 Rivers Edge Rnch Challis, ID 83226
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hether Lambson
    Real Estate License ID: 23223
    (208) 879-2211
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!