Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sheep Crk Rd Irwin, ID 83428
    Back to Search
    Property profile & analytics

    Sheep Crk Rd, Irwin, ID 83428

    View on Map
    • Land
    • 47.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sheep Crk Rd

    Lot size
    47.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 47-acre ranch property in Irwin, Idaho (Bonneville County, zip code 83428), offers unparalleled seclusion and breathtaking views of the Snake River and Palisades Reservoir. The property includes a substantial cabin, comfortably accommodating 15-20 guests, making it ideal for large family gatherings or entertaining. The cabin is situated on a 31.25-acre parcel, supplemented by three connecting parcels, totaling approximately 47 acres of land. The land is richly forested with pine trees and natural foliage. Access to the property is via four-wheel drive, ATV, or helicopter, ensuring privacy and tranquility. While remote, the Snake River and Palisades Reservoir are conveniently located within a 15-20 minute drive. The property is turn-key and ready for immediate enjoyment, complete with furnishings and two four-wheelers included in the sale. The asking price is $1,150,000. The property's Assessed Parcel Number (APN) is RP01S45E082232. This unique offering presents a significant opportunity for a private retreat or a lucrative rental/Airbnb venture. The property's remote location and stunning views make it a truly exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Irwin
    County
    Bonneville
    State
    Idaho
    Longitude
    -111.199
    Latitude
    43.3594

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Rattlesnake Rd

      COMMERCIAL (GENERAL)
      Rattlesnake Rd, Irwin, ID 83428
      View Details
    • Value Estimation by Request
      1,320 SF

      3404 Swan Vly Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      3404 Swan Vly Hwy, Irwin, ID 83428
      View Details
    • Value Estimation by Request
      2.22 Acres

      Rattlesnake Rd

      COMMERCIAL (GENERAL)
      Rattlesnake Rd, Irwin, ID 83428
      View Details
    • Value Estimation by Request
      1.07 Acres

      Palisades Park Rd

      COMMERCIAL (GENERAL)
      Palisades Park Rd, Irwin, ID 83428
      View Details
    • Value Estimation by Request
      360 SF

      3804 Swan Vly Hwy

      WAREHOUSE, STORAGE
      3804 Swan Vly Hwy, Irwin, ID 83428-5010
      View Details
    • Value Estimation by Request
      4.28 Acres

      3768 Swan Valley Hwy

      Commercial real estate
      3768 Swan Valley Hwy, Irwin, ID 83428
      View Details

    Similar Nearby for Sale

    • $99,000
      1.20 Acres

      Land with Scenic Views

      Over 1 acre with views in Irwin, Idaho.
      Swan Valley Hwy, Irwin, ID 83428
      View Details
    • $340,000
      5.00 Acres

      Five Acres in Swan Valley

      Land near Palisades Lake and Snake River, Irwin, Idaho.
      Old Irwin Rd, Irwin, ID 83428
      View Details
    • $379,000
      6.10 Acres

      Irwin Land with Palisades Views

      6+ acre lot with panoramic views near Palisades Reservoir.
      Westview Est, Irwin, ID 83428
      View Details
    • $169,000
      Pending

      Irwin Land with Mountain Views

      3.7-acre parcel with views in Elk Ridge Subdivision.
      Sumac Loop, Irwin, ID 83428
      View Details
    • $1,700,000
      179.70 Acres

      179+ Acres Overlooking Palisades Reservoir

      Large parcel near Pine Bay Boat Club and BLM land.
      180 Acres Cv Rd, Irwin, ID 83428
      View Details
    • $800,000
      17.50 Acres

      Swan Valley Land with Views

      17.5 acres in Irwin, ID with mountain views.
      Irwin, ID 83428
      View Details
    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.
    Sheep Crk Rd
    Irwin, ID 83428
    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
    Sheep Crk Rd, Irwin, ID, 83428
    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!