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    Loomis Ave Melba, ID 83641

    For Sale
    $174,500

    0.7-acre commercial lot in Melba, ID

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 0.7-acre commercial lot presents a unique opportunity in the thriving city of Melba, Idaho. Located on Loomis Avenue, this property boasts convenient access to city amenities and is ideally situated near Melba's city park, baseball and soccer fields, and a local school, all within a short distance. The lot offers significant potential for various commercial ventures, capitalizing on Melba's vibrant community spirit, renowned for its "Olde Tyme 4th of July Celebration" and spectacular fireworks display. Outdoor enthusiasts will appreciate the proximity to Celebration Park, approximately 10 minutes away, offering opportunities for exploring Indian petroglyphs, fishing, boating, and hiking along the Snake River Canyon. For those needing larger city amenities, Nampa, Kuna, and Meridian are within a 15- to 30-minute drive. This property includes water rights, and city services are anticipated by early spring. The lot size may allow for division, subject to verification by the City of Melba. Priced at $174,500, this is an exceptional opportunity to acquire a substantial commercial parcel in a rapidly growing Idaho community. Don't miss this chance to secure a prime piece of Melba real estate.

    Property Features for 0 Loomis Ave

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • 0.7‑acre commercial lot in Melba, ID, on Loomis Ave.
    • Convenient access to city amenities, park, schools, and sports fields.
    • High potential for various commercial uses in a vibrant community.
    • Proximity to Celebration Park (petroglyphs, fishing, boating, hiking).
    • Easy access to Nampa, Kuna, and Meridian.
    • Includes water rights; city services anticipated by early spring.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melba
    County
    Canyon
    State
    Idaho
    Longitude
    -116.5269841
    Latitude
    43.3763543

    Nearby Comparable

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      TBD Melmont Parcel 4

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    • $225,000
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      Land Parcel South of Melba

      3.08 acre land parcel with valley and mountain views.
      Tbd Baseline Rd, Melba, ID 83641
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    • $349,000
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      Land with Mountain Views

      Unimproved land with south-facing views near Snake River.
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    FAQs

    What type of property is this?
    Land - 0.7-acre commercial lot in Melba, ID
    Where is this land located?
    The property is located at Loomis Ave Melba, ID.
    What is the asking price?
    The asking price for this property is $174,500.
    What are key features of this property?
    This property features: 0.7-acre commercial lot in Melba, ID, on Loomis Ave.; Convenient access to city amenities, park, schools, and sports fields.; High potential for various commercial uses in a vibrant community.
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    Loomis Ave Melba, ID 83641
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    Realmo Value Estimation

    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.

    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.

    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
    Loomis Ave Melba, ID 83641
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