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    2-Lot Residential Development Land Title is generated by Realmo AI

    Market Rd, Parma, ID 83660

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    Claim this Listing
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    For Sale
    $239,900

    LAND - Parma, ID

    Lot size:
    2.83 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for Market Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R3884700000
    Lot size
    2.83 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    10-5N-5W Se Tax 3-B In Se
    Tax Annual Amount
    24

    Utilities

    Utilities
    Electricity Available
    Water source
    Well

    We can help!

    Listing Contact
    Beau Reinhard
    Beau Reinhard

    Listing agent Beau Reinhard License #SP37196

    Listing office Keller Williams Realty Boise 1065 S Allante, Boise, ID

    Listing date Jun 3, 2026

    MLS# 98988783

    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

    • Recently approved boundary line adjustment results in a clean, compliant 2.8 +/- acre parcel
    • About 100 ft of frontage along Market Road with roughly 1,200 ft of depth
    • Easement access along the north side connecting to Rohrbacher Lane
    • Electricity available at/along Market Road
    • Water source: well
    • Flat, usable land with access to US Route 20/26 about 1 mile away

    Overview

    This for-sale residential development parcel has been recently approved for a boundary line adjustment, resulting in a clean and compliant approximately 2.8-acre site. The property is set up for a two-lot residential opportunity and features flat, usable land suited to basic site work and subdivision planning. The site also includes power available at Market Road.

    The parcel provides approximately 100 feet of frontage along Market Road and extends roughly 1,200 feet in depth. A north-side easement provides additional access connecting to Rohrbacher Lane. The property is surrounded by rural residential homes and agricultural ground, and it is located about 1 mile from US Route 20/26 for practical connectivity to Parma, Caldwell, and the Treasure Valley.

    The configuration and access make this land a workable fit for builders or end users seeking a residential project with clear, compliant boundaries and straightforward site characteristics. With frontage, an easement-based secondary access point, and utilities available at the road, the parcel supports planning for a two-lot residential layout in a rural residential setting close to a major roadway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Parma
    County
    Canyon
    State
    Idaho
    Longitude
    -116.9164674
    Latitude
    43.7779463

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    FAQs

    What type of property is this?
    Residential land & home lot - Flat, usable acreage with frontage along Market Road and secondary easement access for a straightforward residential subdivision.
    Where is this residential land & home lot located?
    The property is located at Market Rd Parma, ID.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: Recently approved boundary line adjustment results in a clean, compliant 2.8 +/- acre parcel; About 100 ft of frontage along Market Road with roughly 1,200 ft of depth; Easement access along the north side connecting to Rohrbacher Lane
    (208) 870-9002
    We can help!
    Listing Contact
    Beau Reinhard
    Beau Reinhard
    Real Estate License ID: SP37196
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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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