Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3740 The Pt Island Park, ID 83429
    Back to Search
    Property profile & analytics

    3740 The Pt Island Park, ID 83429

    View on Map
    • Land
    • 1.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3740 The Pt

    Lot size
    1.13 lot acres
    Property type
    Land

    Description

    Seize this exceptional opportunity to own a breathtaking 1.13-acre waterfront lot nestled within the gated Centennial Shores community in Island Park, Idaho. This remarkable property boasts unparalleled mountain views and stunning unobstructed sunrises and sunsets over the Island Park Reservoir. The lot's location offers year-round accessibility, making it ideal for enjoying outdoor activities such as boating, snowmobiling, and ATV riding. The permitted Fremont-R1-Residential SNGL FM zoning allows for the construction of a primary residence and even a guest house, presenting a lucrative potential for short-term rentals. Imagine building your dream home on this picturesque waterfront property, complete with your own private dock, providing direct access to the reservoir. The lot is conveniently equipped with essential utilities, including water, power, phone, and fiber optic connections, ensuring a seamless building process. This is more than just a lot

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Island Park
    County
    Fremont
    State
    Idaho
    Longitude
    -111.467
    Latitude
    44.4272

    Comparable in this City

    • Value Estimation by Request
      2.30 Acres

      20 Is Park

      Land • 2.30 Acres
      20 Is Park, Island Park, ID 83429
      View Details
    • Value Estimation by Request
      1.00 Acre

      5155 Hwy 20

      COMMERCIAL (GENERAL) • 1.00 Acre
      5155 Hwy 20, Island Park, ID 83429
      View Details
    • Value Estimation
      $510,000
      3.95 Acres

      4292 Hwy 20

      COMMERCIAL (GENERAL) • 3.95 Acres
      4292 Hwy 20, Island Park, ID 83429-5166
      View Details
    • Value Estimation by Request
      1.41 Acres

      Island

      COMMERCIAL (GENERAL) • 1.41 Acres
      Island, Park, ID 83429
      View Details
    • Value Estimation by Request
      2.65 Acres

      3857 Lk Side Ldg Dr

      COMMERCIAL (GENERAL) • 2.65 Acres
      3857 Lk Side Ldg Dr, Island Park, ID 83429
      View Details
    • Value Estimation by Request
      1.06 Acres

      4108 Big Spgs Loop Rd

      COMMERCIAL (GENERAL) • 1.06 Acres
      4108 Big Spgs Loop Rd, Island Park, ID 83429-5218
      View Details

    Similar Nearby for Sale

    • $265,000
      11.03 Acres

      Island Park Acreage with Views

      11.03-acre lot with mountain views and trail access.
      4033 Brks Blaze Ln, Island Park, ID 83429
      View Details
    • $349,000
      5.78 Acres

      Land Backing Targhee National Forest

      Open building lot with views and national forest access.
      4095 Icehouse Crk Rd, Island Park, ID 83429
      View Details
    • New
      $254,000
      Pending

      Island Park Land For Sale

      2.17-acre lot in gated community, Island Park, Idaho.
      4920 Alpenglow Way, Island Park, ID 83429
      View Details
    • $275,000
      Pending

      Secluded Timbered Land Parcel

      Private 5-acre timbered land parcel in Island Park, Idaho.
      2831 Morning Dew Dr, Island Park, ID 83429
      View Details
    • $209,000
      9.24 Acres

      Island Park Land with Views

      9.24 acre building lot with Teton views.
      4042 Brks Blaze Ln, Island Park, ID 83429
      View Details
    • $324,000
      5.70 Acres

      Island Park Building Lot

      5.7 acre building lot bordering Ice House Creek.
      2850 Morning Dew Dr, Island Park, ID 83429
      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.
    3740 The Pt
    Island Park, ID 83429
    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
    3740 The Pt, Island Park, ID, 83429
    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!