Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1035 Lincoln Ave Jerome, ID 83338

    • Office Properties & Spaces
    • 971 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1035 Lincoln Ave

    Property size
    971 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 971-square-foot Class A executive office suite is ideally situated at 1035 N Lincoln Ave in Jerome, Idaho, 83338. Located on a high-traffic street, this single-tenant space offers unparalleled visibility and accessibility for your business. The property boasts a functional, open layout perfect for a variety of professional uses, including medical or general office settings. Ample parking is available, including dedicated spaces for added convenience. The suite also includes significant storage space, enhanced by a built-in, functioning safe for secure document and asset storage. The building is classified as Class A, reflecting its high-quality construction and modern amenities. The entire 971 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to establish your business in a prime location within Jerome County, Idaho. The property's address is easily accessible and highly visible, ensuring maximum exposure for your company. The open layout provides flexibility for customization to meet your specific business needs. Don't miss this chance to secure this exceptional office space in a thriving Idaho community.

    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
    -114.519
    Latitude
    42.7329

    Comparable in this City

    • Value Estimation by Request
      3,685 SF

      921 Lincoln Ave

      Office Properties & Spaces • 3,685 SF
      921 Lincoln Ave, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      3,685 SF

      921 Lincoln Ave

      Office Properties & Spaces • 3,685 SF
      921 Lincoln Ave, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      971 SF

      1035 Lincoln Ave

      Office Properties & Spaces • 971 SF
      1035 Lincoln Ave, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      4.65 Acres

      2255 Lincoln Ave

      OFFICE BUILDING • 4.65 Acres
      2255 Lincoln Ave, Jerome, ID 83338
      View Details
    • Value Estimation by Request
      0.14 Acres

      476 Main St

      OFFICE BUILDING • 0.14 Acres
      476 Main St, Jerome, ID 83338-2234
      View Details
    • Value Estimation by Request

      104 Main St

      OFFICE BUILDING
      104 Main St, Jerome, ID 83338-2330
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,968 SF

      Jerome Office Building For Sale

      Well-maintained office building with Class A finishes and flexible layout.
      401 Brockman Loop, Jerome, ID 83338
      View Details
    • $150,000
      1.03 Acres

      Sun Meadow Subdivision Land

      1 acre lot in Sun Meadow, ready to build.
      439 Nicole Dr, Jerome, ID 83338
      View Details
    • $719,800
      3,444 SF

      New Jerome Townhomes For Sale

      New townhomes with 4 beds, 2.5 baths, and 2-car garage.
      171 Woody Way, Jerome, ID 83338
      View Details
    • $892,000
      2.93 Acres

      Commercial Land in Jerome, ID

      2.93 acres of shovel-ready commercial land for sale.
      American Ave, 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
    • $2,300,000
      60.91 Acres

      Prime Jerome, ID Highway 93 Land

      60 Acres, Irrigated, Highway Frontage
      5640 Us Highway 93, Jerome, ID 83338
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,685 SF

      Prime Jerome Executive Office Space

      Class A Office, 3685 sq ft, High Visibility
      921 Lincoln Ave, Jerome, ID 83338
      View Details
    • $1.07 SF/Yr
      22,464 SF

      Premier Distribution Facility in Jerome

      Exceptional distribution facility with easy highway access and secure yard.
      382 American 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.
    1035 Lincoln Ave
    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

    Google sign-in failed. Please try again or use another login method.