Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    203 K St Smelterville, ID 83868

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    203 K St Smelterville, ID 83868

    View on Map
    • Commercial real estate
    • 2,257 SF
    • 0.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 203 K St

    Lot size
    0.20 lot acres
    Property size
    2,257 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,257 square foot commercial property, situated on a 0.2-acre lot in Smelterville, Idaho, presents a remarkable opportunity for business owners and investors alike. Located at 203 K Street, this property boasts a strategic position in the Silver Valley, enjoying close proximity to established businesses such as Dave Smith Tire Center/Detail and Walmart. The building itself is a well-maintained 37x61 foot shop, featuring a level, paved lot with fencing on two sides, ensuring both security and ease of access. Inside, the shop offers a durable cement floor, ample power with 220-volt service, a convenient bathroom, and three generously sized doors: two measuring 10x10 feet and one measuring 8x7 feet. The property also includes a Reznor furnace, compliant with paint regulations, and a piped-in 7.5 compressor, adding significant value and functionality. The seller is flexible and open to considering lease or lease-purchase options in addition to an outright sale, providing a range of acquisition possibilities to suit various financial situations and business plans. This versatile property is ideal for a variety of commercial uses, offering a blend of storage and workspace in a highly desirable location. The combination of its features, location, and the seller's flexibility makes this an attractive investment opportunity not to be missed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Smelterville
    County
    Shoshone
    State
    Idaho
    Longitude
    -116.189
    Latitude
    47.5433

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Smelterville, ID 83868

      COMMERCIAL (GENERAL) • 0.07 Acres
      Smelterville, ID 83868
      View Details
    • Value Estimation by Request
      0.17 Acres

      Main St

      COMMERCIAL (GENERAL) • 0.17 Acres
      Main St, Smelterville, ID 83868
      View Details
    • Value Estimation by Request
      0.29 Acres

      605 Washington Ave

      COMMERCIAL (GENERAL) • 0.29 Acres
      605 Washington Ave, Smelterville, ID 83868
      View Details
    • Value Estimation by Request
      4.59 Acres

      802 Washington Ave

      COMMERCIAL (GENERAL) • 4.59 Acres
      802 Washington Ave, Smelterville, ID 83868
      View Details
    • Value Estimation by Request
      1.23 Acres

      Smelterville, ID 83868

      COMMERCIAL (GENERAL) • 1.23 Acres
      Smelterville, ID 83868
      View Details
    • Value Estimation by Request
      0.96 Acres

      108 Main St

      COMMERCIAL (GENERAL) • 0.96 Acres
      108 Main St, Smelterville, ID 83868
      View Details

    Similar Nearby for Sale

    • $74,950

      Land For Sale Smelterville

      Land available in Smelterville, Idaho.
      110 H St, Smelterville, ID 83868
      View Details
    • $74,950
      0.12 Acres

      Residential Land in Smelterville, ID

      Building lot with paid water/sewer hook-ups and mountain views.
      110 H St, Smelterville, ID 83868
      View Details
    • Contact for pricing
      2,257 SF

      Silver Valley Shop Opportunity

      37x61 shop near Dave Smith Tire and Walmart.
      203 K St, Smelterville, ID 83868
      View Details
    • $800,000
      24.43 Acres

      24.43 Acres in Smelterville, ID

      24.43 acres suitable for home site or extractive manufacturing.
      610 Government Gulch Rd, Smelterville, ID 83868
      View Details
    • $316,000

      Smelterville Bar and Apartments ForSale

      Bar and apartments located on Main Street in Smelterville, Idaho.
      212 Main St, Smelterville, ID 83868
      View Details
    • $316,000
      2,328 SF

      Established Bar with Liquor License

      Turnkey bar with liquor license in high-traffic location.
      212 Main St, Smelterville, ID 83868
      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.
    203 K St
    Smelterville, ID 83868
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!