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    Warehouse with Railroad Spur Access Title is generated by Realmo AI

    Appr 400 Railroad St. Lots 1-12 Blk 5, Hazelton, ID 83335

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    For Sale
    $840,000

    COMMERCIAL - Hazelton, ID

    Lot size:
    0.89 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 7 at 11:06 pm

    Property Features for Appr 400 Railroad St. Lots 1-12 Blk 5

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    Part of RPH3330005009A
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    See Exhibit A in Doc Tab, part of parcel 2, and all of parcel 1
    Tax Annual Amount
    1372

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Cassandra Mckay

    Listing agent Cassandra Mckay License #SP51981

    Listing office Canyon Trail Realty, LLC 700 S Lincoln, Jerome, ID

    Listing date Apr 10, 2026

    MLS# 98981699 Listing URL

    Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Railroad spur/rail access along the north edge of the property.
    • Eight adjacent lots included in an industrial zone.
    • Immediate income potential from truck scale and scale room rental.
    • 480 Volt 3 phase power available.
    • City water and sewer, plus heat and AC, and fiber optic internet.
    • Full concrete basement and 70% of the roof recently replaced.

    Overview

    This industrial property includes a warehouse building with offices that have undergone a partial renovation. The facility has been sitting for a few years but is described as functional. City water and sewer are plumbed into the building for bathrooms, and the space includes heat and AC. Fiber optic internet is available, and there is no natural gas service noted. A full concrete basement is included, and 480-volt 3-phase power is available. The roof has had approximately 70% replacement recently, and the property is offered as-is.

    The warehouse is located on Railroad St. in Hazelton, with the southern side of the road noted. The property also includes eight adjacent lots to the east within an industrial zone. Along the north edge of the site, there is a railroad spur and rail access.

    The combination of warehouse space, office improvements, and rail-adjacent access can support a range of commercial uses, subject to city verification. The seller has priced the property for the lot value, while indicating it can still be used as-is. The owner previously rented out a truck scale and scale room, which may be relevant for buyers exploring scale-related operations. Buyer should confirm specific permitted uses with the city.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Hazelton
    County
    Jerome
    State
    Idaho
    Longitude
    -114.1340778
    Latitude
    42.5971018

    Nearby Similar for Sale

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      Industrial Grain Elevator Building

      Functional grain elevator with truck bays and mill equipment, supported by 480V 3-phase power and fiber internet.
      Appr 401 Main St (Lots 13,14,15 Blk 5), Hazelton, ID 83335
      View Details
    • $90,000

      Rail-Served Grain Elevator System

      Leased land with functional grain elevator and rail system.
      Hazelton, Hazelton, ID 83335
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse with partially renovated offices, city utilities, fiber internet, and a nearby railroad spur for logistics use.
    Where is this warehouse located?
    The property is located at Appr 400 Railroad St. Lots 1-12 Blk 5 Hazelton, ID.
    What is the asking price?
    The asking price for this property is $840,000.
    What are key features of this property?
    This property features: Railroad spur/rail access along the north edge of the property.; Eight adjacent lots included in an industrial zone.; Immediate income potential from truck scale and scale room rental.
    (208) 369-8600
    We can help!
    Listing Contact
    Cassandra Mckay
    Real Estate License ID: SP51981
    Learn More
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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.

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