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    Heyburn Industrial Lots For Sale Title is generated by Realmo AI

    NE Corner of Nevada Avenue & Commerce Street, Heyburn, ID 83336

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    Improved commercial lots near I-84, ideal for various businesses.

    Type:Land
    Lot size:
    2.66 Acres
    Added:
    Apr 30, 2022
    Days on Market:
    1488
    Last Refresh:
    May 19 at 10:27 pm

    Property Features for NE Corner of Nevada Avenue & Commerce Street

    General Information

    Standard status
    Active
    Lot size
    2.66 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Robyn Andersen

    Listing agent Robyn Andersen License #SP49670

    Listing office Coldwell Banker Commercial Prime Properties

    Listing date Apr 30, 2022

    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 Coldwell Banker Commercial Prime Properties

    HighLights

    • Prime location just off I‑84 (Exit 208) offering convenient access.
    • Ideal for businesses looking to lease or build to suit.
    • Industrial‑zoned lots suitable for transportation, distribution, warehousing, or agriculture.
    • Prepped lots with paved street, curb and gutter, utilities, and fiber optics.
    • Strategic position between Salt Lake City, UT, and Boise, ID.
    • Only 3 lots available in a new business park.

    Overview

    These improved commercial lots are located just off Exit 208 on I-84 in Heyburn, Idaho. The industrial-zoned lots range in size from 0.666 to 1.192 acres and are suitable for businesses looking to lease or build to suit. The lots are prepped with a paved street, curb and gutter, utilities, and fiber optics. These lots offer a strategic position between Salt Lake City, UT, and Boise, ID, making them suitable for transportation companies, distribution, warehousing, or agriculture. The location offers convenient access and is strategically located for truck access. The property is located close to I-84 at Exit 208. Potential uses include business expansion, yard lease, warehousing, storage, distribution, or general commercial business. There are only 3 lots available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Heyburn
    County
    Minidoka
    State
    Idaho
    Longitude
    -113.805
    Latitude
    42.5617

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    FAQs

    What type of property is this?
    Commercial land - Improved commercial lots near I-84, ideal for various businesses.
    Where is this commercial land located?
    The property is located at NE Corner of Nevada Avenue & Commerce Street Heyburn, ID.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Prime location just off I‑84 (Exit 208) offering convenient access.; Ideal for businesses looking to lease or build to suit.; Industrial‑zoned lots suitable for transportation, distribution, warehousing, or agriculture.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robyn Andersen
    Real Estate License ID: SP49670
    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.

    More about this property
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    NE Corner of Nevada Avenue & Commerce Street, Heyburn, ID 83336
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