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    1605 Jasmine Ln Weippe, ID 83553
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    1605 Jasmine Ln Weippe, ID 83553

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    • Land
    • 22.27 lot acres
    For Sale
    $224,900
    View Listing →
    Weippe, ID Commercial Land - $224,900 For Sale
    $224,900

    Weippe, ID Commercial Land - $224,900

    22.27 Acres, Buildable, Panoramic Views

    1605 Jasmine Ln, Weippe, ID 83553
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1605 Jasmine Ln

    Lot size
    22.27 lot acres
    Property type
    Land

    Description

    This exceptional 22.27-acre commercial parcel presents a unique opportunity in Weippe, Idaho. Situated at 1605 Jasmine Ln, this flat, buildable land boasts breathtaking panoramic views. Its advantageous location borders both a private ranch and timber company property, offering a tranquil setting while maintaining convenient access. The property includes a pre-existing storage barn, adding immediate utility. The expansive acreage is ideal for a variety of uses, from recreational pursuits to new construction projects. The terrain's flat nature simplifies development, minimizing site preparation costs and complexities. With its stunning views and versatile potential, this property is a rare find in Clearwater County. The address is 1605 Jasmine Ln, Weippe, ID 83553. The asking price is $224,900. This is a remarkable opportunity to acquire a substantial parcel of land with significant potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weippe
    County
    Clearwater
    State
    Idaho
    Longitude
    -115.878
    Latitude
    46.3958

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      2912 Lolo Creek Rd

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      22.06 Acres

      1605 Jasmine Ln

      Farms • 22.06 Acres
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      22.00 Acres

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      Farms • 22.00 Acres
      1605 Jasmine Ln, Weippe, ID 83553
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    Similar Nearby for Sale

    • $224,900
      22.27 Acres

      Weippe, ID Commercial Land - $224,900

      22.27 Acres, Buildable, Panoramic Views
      1605 Jasmine Ln, Weippe, ID 83553
      View Details
    • $227,200
      20.41 Acres

      20.41 Acres of Wooded Land

      Land with mountain views, mature trees, and utilities available.
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      Scenic Acreage Overlooking Lolo Creek

      36.5 acres with panoramic views and building potential.
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    • $100,000
      5.04 Acres

      Secluded Timbered Land in Weippe

      Private, peaceful 5.04-acre lot perfect for recreation and building.
      10 Spg Ln, Weippe, ID 83553
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    • $238,700
      20.79 Acres

      Secluded Acreage with Mountain Views

      20.87 acres near Weippe, ID with mountain views.
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    • $649,000
      79.80 Acres

      79.8 Acres Ready for Development

      79.8 acres near Weippe and Pierce, Idaho, surveyed and ready.
      Highway 11, Weippe, ID 83553
      View Details
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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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