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    Lake-View Residential Land Parcels Title is generated by Realmo AI

    NKA Enchanted Forest Trl Lots 2&3, Hope, ID 83836

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    Claim this Listing
    New
    For Sale
    $575,000

    LAND - Hope, ID

    Lot size:
    10.00 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for NKA Enchanted Forest Trl Lots 2&3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural
    Exterior features
    Fruit Trees, Timber - Part
    Standard status
    Active
    APN
    RP024340000030A & RP024340000030A
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    6-56N-2W Riser Creek Estates Lots 2&3, a Ptn of Tax 46
    Tax Annual Amount
    27

    We can help!

    Listing Contact
    Casey Krivor
    Casey Krivor

    Listing agent Casey Krivor License #SP40218

    Listing office Tomlinson Sotheby's International Realty (Idaho) 223 E Sherman Ave, Coeur d'Alene, ID

    Listing date Jun 5, 2026

    MLS# 26-5734 Listing URL

    Copyright © 2026 Coeur d'Alene 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

    • Two 5‑acre parcels in Hope, Idaho, offering two separate lake‑view build sites
    • Views of Lake Pend Oreille and surrounding mountains from the top of the property
    • Lot 2 borders fish‑bearing Riser Creek and includes an old garden/fruit tree area
    • Lot 3 has a year‑round stream
    • Level to gently sloping land with southern exposure, plus open fields and heavily forested areas with old growth cedars
    • No CCRs/HOA; power runs along the property line and it is about 1/2 mile to a paved county road

    Overview

    This offering consists of two residential land parcels totaling 10 acres in Hope, Idaho. The property is described as having lake-and-mountain views and includes separate lake-view build sites. The land is noted as level to gently sloping and a mix of open fields and heavily forested areas, including old growth cedars. Lot 2 borders fish-bearing Riser Creek and includes an old garden/fruit tree area, while Lot 3 is also described as having a year-round stream. The parcels are presented with clear development flexibility, with no CCRs or HOA mentioned in the remarks.

    Access is described as approximately a half mile to a paved County road, and power runs along the property line. The setting is oriented toward southern exposure, with the remarks emphasizing views over Lake Pend Oreille and the surrounding mountains.

    For buyers looking to plan multi-family or multiple homesites, the two-parcel structure can support separate layouts while maintaining shared access and utility placement along the boundary. The presence of natural features such as creeks and established vegetation may be especially relevant for those who want to incorporate the existing landscape into site planning.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hope
    County
    Bonner
    State
    Idaho
    Longitude
    -116.26219
    Latitude
    48.228763

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    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining acreage parcels offer lake and mountain views with build sites and utility access along the property line.
    Where is this residential land & home lot located?
    The property is located at NKA Enchanted Forest Trl Lots 2&3 Hope, ID.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Two 5‑acre parcels in Hope, Idaho, offering two separate lake‑view build sites; Views of Lake Pend Oreille and surrounding mountains from the top of the property; Lot 2 borders fish‑bearing Riser Creek and includes an old garden/fruit tree area
    (208) 290-6576
    We can help!
    Listing Contact
    Casey Krivor
    Casey Krivor
    Real Estate License ID: SP40218
    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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    NKA Enchanted Forest Trl (Lots 2&3), Hope, ID 83836
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