Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    L2 Landmark Ln Rigby, ID 83442
    Back to Search
    Property profile & analytics

    L2 Landmark Ln Rigby, ID 83442

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for L2 Landmark Ln

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1-acre commercial lot is situated in the thriving County Line Commercial Park in Rigby, Idaho. Priced at $200,000, this property offers unparalleled access to Highway 20, ensuring excellent visibility and convenient transportation for your business. The lot is part of a well-planned commercial park featuring 14 prime lots designed to accommodate a variety of business types. This particular lot (L2 B4) is ready for immediate development and benefits from essential infrastructure already in place. Key utilities include readily available three-phase power, natural gas, and high-speed internet access – eliminating the need for costly upfront infrastructure investments. The County Line Commercial Park provides a strategic location for businesses seeking to establish a presence in a growing area. Its design fosters a collaborative environment, attracting forward-thinking companies and creating a vibrant business community. This lot presents a unique opportunity for businesses seeking a well-connected, fully serviced location to expand or establish their operations. Don't miss this chance to secure your place in this dynamic commercial park. The asking price reflects the value of the location, utilities, and the overall potential for growth within the County Line Commercial Park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rigby
    County
    Jefferson
    State
    Idaho
    Longitude
    -111.932
    Latitude
    43.6265

    Comparable in this City

    • Value Estimation by Request
      4.08 Acres

      1 4100

      Commercial real estate • 4.08 Acres
      1 4100, Rigby, ID 83442
      View Details
    • Value Estimation by Request
      0.11 Acres

      295 State St

      Commercial real estate • 0.11 Acres
      295 State St, Rigby, ID 83442
      View Details
    • Value Estimation by Request
      1.00 Acre

      L4 Landmark Ln

      Commercial real estate • 1.00 Acre
      L4 Landmark Ln, Rigby, ID 83442
      View Details
    • Value Estimation by Request

      110 Yellowstone Hwy

      COMMERCIAL (GENERAL)
      110 Yellowstone Hwy, Rigby, ID 83442-5657
      View Details
    • Value Estimation by Request
      1.02 Acres

      174 Yellowstone Hwy

      COMMERCIAL (GENERAL) • 1.02 Acres
      174 Yellowstone Hwy, Rigby, ID 83442-5657
      View Details
    • Value Estimation by Request
      0.25 Acres

      Rigby, ID 83442

      COMMERCIAL (GENERAL) • 0.25 Acres
      Rigby, ID 83442
      View Details

    Similar Nearby for Sale

    • $850,000
      8.75 Acres

      Prime Rigby Commercial Land

      8.75 Acres, Hwy 20 Frontage, High Traffic
      3 4100, Rigby, ID 83442
      View Details
    • $175,000
      0.30 Acres

      Prime Rigby Commercial Lot

      High-Visibility Hwy 20 Frontage
      L7B1 Rigby Lake Dr, Rigby, ID 83442
      View Details
    • $275,000
      0.57 Acres

      Prime Rigby Commercial Lot

      High-visibility lot, approved site plan.
      L8B1 Rigby Lake Dr, Rigby, ID 83442
      View Details
    • $175,000
      0.30 Acres

      Prime Rigby Commercial Lot

      Hwy 20 frontage, approved site plan
      L5B1 Rigby Lake Dr, Rigby, ID 83442
      View Details
    • $415,000
      4.08 Acres

      1 4100, Rigby, ID 83442

      Commercial real estate • 4.08 Acres
      1 4100, Rigby, ID 83442
      View Details
    • $200,000
      1.00 Acre

      Prime Rigby Commercial Lot

      Idaho Business Lot - $200k
      L4 Landmark Ln, Rigby, ID 83442
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Rigby Flex/Industrial Space Available

      12,000 SF flex/industrial building with highway access for lease.
      3804 E Indian Crk Rd, Rigby, ID 83442
      View Details
    • Contact for pricing
      1,000 SF

      New Retail Space in Rigby

      New retail lease space with highway visibility and easy access.
      255 Farnsworth Way, Rigby, ID 83442
      View Details
    • Contact for pricing

      Office Space Near Highway 20

      Office property with high visibility and accessibility near Highway 20.
      3991 E 400 N, Rigby, ID 83442
      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.
    L2 Landmark Ln
    Rigby, ID 83442
    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
    L2 Landmark Ln, Rigby, ID, 83442
    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!