Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Pad Sites Available Title is generated by Realmo AI

    ID-16, Emmett, ID 83617

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Land lease or build-to-suit options in Emmett, Idaho.

    Type:Land
    Added:
    Jan 12, 2023
    Days on Market:
    1238
    Last Refresh:
    May 12 at 9:58 pm

    Property Features for ID-16

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at ID-16 Contact us

    We can help!

    Listing Contact
    Ben Zamzow

    Listing agent Ben Zamzow License #DB34601

    Listing office Rocky Mountain Companies

    Listing date Jan 12, 2023

    Source Crexi

    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 Rocky Mountain Companies

    HighLights

    • Prime location at the main entrance to Emmett, benefiting from Highway 16 expansion and a projected population boom.
    • Located next to Albertsons, Stinker, Sonic, Subway, and Papa Murphy’s, with proximity to major retailers like Walgreens and McDonalds.
    • Flexible lot sizes available across approximately 11 pads, suitable for various build‑to‑suit options.
    • Zoned Commercial with excellent frontage, ideal for businesses.
    • Proposed future traffic signal on the southeast corner, improving access from HW16 to E. 12th Street.
    • Emmett's rising population and lower cost of living are attracting local and national retailers.

    Overview

    Prime pad sites are available for land lease or build-to-suit at the main entrance to Emmett. The location is next to Albertsons, Stinker, Sonic, Subway, and Papa Murphy’s, and approximately 1/2 mile from major retailers such as Walgreens, D&B, McDonalds, Taco Bell, Maverick, and O’Reilly Auto Parts. There are approximately 11 pads with flexible lot sizes. The frontage is zoned Commercial. A future traffic signal is proposed on the southeast corner of the property, with access connecting to HW16 to E. 12th Street. The property is located at one of the first commercial lots in Emmett’s city limits when approaching the city from HW16. Emmett's population is on the rise due to the lower cost of living compared to the U.S. average. Improvements to HW16 cut down the commute time to nearby cities like Eagle, Star, Meridian and Boise. Emmett has been stated as one of the best places to live for its beautiful scenery, friendly people, and clean downtown. Emmett has been discovered by many local & national retailers due to the high demand of more services and businesses to keep up with the rising population. Highway 16 expansion will result in a population boom in Emmett.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Emmett
    County
    Gem
    State
    Idaho
    Longitude
    -116.554
    Latitude
    43.9488

    Nearby Similar for Lease

    • $15 SF/Yr
      10,400 SF

      Retail Spaces For Lease

      Retail spaces available for lease with excellent highway visibility.
      620 Hwy 16, Emmett, ID 83617
      View Details
    • Contact for pricing

      Prime Commercial Lot on Highway

      High-exposure commercial lot ready for development on Highway 16.
      2010 South Johns Avenue, Emmett, ID 83617
      View Details
    • Contact for pricing

      High-Exposure Commercial Lot on Highway

      Prime commercial lot with high visibility and development potential.
      2010 South Johns Avenue, Emmett, ID 83617
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land lease or build-to-suit options in Emmett, Idaho.
    Where is this commercial land located?
    The property is located at ID-16 Emmett, ID.
    What are key features of this property?
    This property features: Prime location at the main entrance to Emmett, benefiting from Highway 16 expansion and a projected population boom.; Located next to Albertsons, Stinker, Sonic, Subway, and Papa Murphy’s, with proximity to major retailers like Walgreens and McDonalds.; Flexible lot sizes available across approximately 11 pads, suitable for various build‑to‑suit options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ben Zamzow
    Real Estate License ID: DB34601
    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
    ID-16, Emmett, ID 83617
    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!