Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    421 North Rd Jerome, ID 83338
    Back to Search
    Property profile & analytics

    421 North Rd, Jerome, ID 83338

    View on Map
    • Retail properties & Spaces
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 421 North Rd

    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property offers multiple retail pad opportunities in the rapidly expanding Twin Falls MSA, Idaho. Located at 421 North 500 South, Jerome, ID 83338, this development boasts 1 to 30 acres of land available for sale, build-to-suit projects, or ground leases. The site enjoys high visibility with Highway 93 frontage and a signalized intersection, providing excellent access and exposure. Its strategic location directly adjoins the thriving Northbridge Junction Industrial Park, home to major employers like Amazon, Tilson, Hempitecture, and Commercial Creamery, ensuring a robust customer base. The property's proximity to I-84 (Exit 173) further enhances its accessibility. Ideal for fast food, gas stations, and hospitality businesses, this development presents a unique chance to capitalize on the growth of the north Twin Falls metro area. The property is perfectly situated to serve the significant workforce and residents of this burgeoning area. This is an unparalleled opportunity to establish a retail presence in a high-demand location with exceptional visibility and access.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jerome
    County
    Jerome
    State
    Idaho
    Longitude
    -114.601
    Latitude
    42.652

    Comparable in this City

    • Value Estimation by Request
      30.00 Acres

      421 North Rd

      Land
      421 North Rd, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      12.57 Acres

      Tbd Arlen Dr

      Land
      0 Tbd Arlen Dr, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      75.04 Acres

      Golf Course Rd

      Farms
      0 Golf Course Rd, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      54.67 Acres

      54 200

      Land
      54 200, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      41.29 Acres

      72 300

      Land
      72 300, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      14.00 Acres

      Idaho Ave

      Land
      0 Idaho Ave, Jerome, ID 83338
      View Details

    Similar Nearby for Sale

    • $1,199,000
      34.06 Acres

      Development Land Near Golf Course

      34.06 acres development opportunity near Twin Falls and Jerome.
      690 Golf Course Rd, Jerome, ID 83338
      View Details
    • $3,080,618
      8.32 Acres

      Prime Commercial Land, Jerome, ID

      8.32-acre commercial land parcel in high-traffic area.
      So. Lincoln 300 S, Jerome, ID 83338
      View Details
    • $598,000
      1.72 Acres

      Commercial Land in Jerome, ID

      Two lots suitable for retail or restaurant near Interstate 84.
      Arlen Dr, Jerome, ID 83338
      View Details
    • $248,000
      2,500 SF

      Jerome Investment Opportunity

      High-traffic location, upgraded, 2,500 sq ft.
      129 Main Ave, Jerome, ID 83338
      View Details
    • $450,000
      1,256 SF

      Downtown Jerome Commercial Property For Sale

      Commercial property in downtown Jerome, suitable for various businesses.
      300 W Main St, Jerome, ID 83338
      View Details
    • Contact for pricing
      15,000 SF

      Jerome Retail Center on Lincoln

      Multi-tenant retail center with redevelopment potential in Jerome, Idaho.
      1030-1120 S Lincoln Ave, Jerome, ID 83338
      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.
    421 North Rd
    Jerome, ID 83338
    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
    421 North Rd, Jerome, ID, 83338
    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!