Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    107 Main St Payette, ID 83661-2521
    Back to Search
    Property profile & analytics

    107 Main St, Payette, ID 83661-2521

    View on Map
    • Turn key restaurants
    • 4,620 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Apr 24, 2023
    Property ID
    US27-0839091
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BB’s Cruise-In Cafè / Restaurant

    Property Details for 107 Main St

    Year built
    1920
    Lot size
    0.20 lot acres
    Property type
    Turn key restaurants
    APN
    P1270005019A
    APU
    P1270005019A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 24, 2023 — Mb Acquistions Id LLC Rong Fen Deng Warranty Deed —
    Oct 28, 2008 — Rona Fen Deng Rona Fen Deng Intrafamily Transfer · related —

    Description

    This exceptional investment opportunity presents two adjacent, fully occupied retail buildings located at 107 & 109 N Main Street in Payette, Idaho. The properties, totaling 9,483 square feet on a 0.332-acre lot, are currently leased under Net Lease (NNN) agreements. Building 107, a restaurant, has a remaining lease term of two years, while building 109, a family recreation/entertainment venue, boasts a lease extending through 2029. Both properties benefit from a 100% occupancy rate, generating a strong net operating income (NOI) of $101,075, resulting in a compelling 10.11% cap rate. The buildings, constructed in 1920, underwent significant renovations in 2024, with approximately $190,000 invested in improvements to 109 N Main Street. The properties are zoned C-1 and offer a combined price of $1,000,000, translating to a land value of $69.08 per square foot. While offered as a package, individual building purchases may be considered. This presents a rare opportunity to acquire a high-performing, multi-tenant retail portfolio in a desirable location with significant upside potential. The properties are classified as Class B and feature a total of two units across two single-story buildings. The occupancy date for the recently renovated building is November 15, 2024. The properties are identified by APN numbers P1270005019A and P1270005018A.

    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
    Payette
    County
    Payette
    State
    Idaho
    Longitude
    -116.936
    Latitude
    44.0762
    CBSA code
    36620
    CBSA name
    ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,809
    $81,810
    $143,063
    $224,873
    -
    $81,810
    $143,063
    $224,873

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      711 21st St

      RESTAURANT
      711 21st St, Payette, ID 83661
      View Details
    • Value Estimation by Request
      2,481 SF

      116 Main St

      RESTAURANT
      116 Main St, Payette, ID 83661-2522
      View Details
    • Value Estimation by Request
      459 SF

      1100 16th St

      RESTAURANT
      1100 16th St, Payette, ID 83661-3408
      View Details
    • Value Estimation by Request
      5,144 SF

      136 Main St

      RESTAURANT
      136 Main St, Payette, ID 83661-2851
      View Details
    • Value Estimation by Request
      2,280 SF

      25 Main St

      BAR, TAVERN
      25 Main St, Payette, ID 83661-2519
      View Details
    • Value Estimation by Request
      2,409 SF

      500 16th St

      DRIVE-THRU RESTAURANT, FAST FOOD
      500 16th St, Payette, ID 83661-3356
      View Details

    Similar Nearby for Sale

    • $1,200,000
      12,889 SF

      Downtown Payette Mixed-Use Investment

      Historic building, 11 retail/office spaces, 5 apartments.
      Payette, ID 83661
      View Details
    • $485,000
      34,673 SF

      Commercially Zoned Land on Highway

      Commercially zoned land with high visibility and utilities nearby.
      1581 South Main St, Payette, ID 83661
      View Details
    • $265,000
      Pending

      Hwy 95 Frontage Mixed-Use Land

      Commercial land with Highway 95 frontage and on-site administrative buildings for flexible development discussions.
      Highway 95, Payette, ID 83661
      View Details
    • New
      $150,000
      Pending

      Gated Acreage With Utilities

      A 1.06-acre parcel off Highway 52 with a gated private drive, well, power, and a building permit ready to start.
      3513 Highway 52, Payette, ID 83661
      View Details
    • $245,000
      0.51 Acres

      Ready-to-Build 6-Plex Land

      Land with approved plans for a 6-plex in Payette, ID.
      S 14Th St, Payette, ID 83661
      View Details
    • Contact for pricing

      Payette Specialty Property For Sale

      Specialty property available for purchase in Payette, Idaho.
      6 N Main St, Payette, ID 83661
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available with 4,449 SqFt area.
      501 N 16Th St, Payette, ID 83661
      View Details
    • Contact for pricing

      Downtown Retail Space For Lease

      Prime commercial space in downtown Payette with high visibility.
      109 N Main St, Payette, ID 83661
      View Details
    • Contact for pricing
      4,449 SF

      Former Daycare Space Available

      4,449 SF former daycare space available for lease.
      515 N 16Th St, Payette, ID 83661
      View Details
    • $13 SF/Yr

      Renovated Office Space in Payette

      Newly renovated office space in downtown Payette available for lease.
      2 N Main St, Payette, ID 83661
      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.
    107 Main St
    Payette, ID 83661-2521
    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
    107 Main St, Payette, ID, 83661
    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!