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    Property profile & analytics

    1451 Aviation Dr Hailey, ID 83333

    • Flex space
    • 4,858 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0772626
    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.

    Current Use by Public Records

    • Flex space

    Property Details for 1451 Aviation Dr

    Year built
    2003
    Lot size
    1.62 lot acres
    Property size
    4,858 SF
    Property type
    Flex space

    Description

    This single-tenant, 4,858-square-foot commercial building, built in 2003 and renovated in 2023, is situated on a 1.62-acre lot in Hailey, Idaho. The property boasts high ceilings and abundant natural light, creating a bright and productive workspace. The building features a finished basement offering additional office space or storage, ideal for a variety of uses. A covered porch provides access to the expansive lot, perfect for ample parking, material storage, or expansion opportunities. The property also includes a greenhouse, adaptable for various purposes, such as a studio or additional workspace. Located in Airport West, directly across from Friedman Airport, this property offers exceptional visibility and marketing potential. The building is classified as Class B and zoned SCI - I (Light Industrial), allowing for diverse business applications. The property features one story and no elevators. The property's address is 1451 Aviation Dr, Hailey, ID 83333, with the APN RPH04000040200. The entire building is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hailey
    County
    Blaine
    State
    Idaho
    Longitude
    -114.30400604857
    Latitude
    43.507282906093

    Comparable in this City

    • $2,000 /Mo
      706 SF

      Downtown Hailey Commercial Space For Rent

      Corner office or retail space in Hailey's downtown core.
      126 S Main St, Hailey, ID 83333
      View Details
    • $800 /Mo

      Affordable Office Condo on Main

      Private office condo in downtown Hailey with shared amenities.
      416 S Main St, Hailey, ID 83333
      View Details
    • $750 /Mo

      Modern Office in Sawtooth Business Center

      Light-filled private office with amenities in Hailey's Sawtooth Business Center.
      101 Empty Saddle Trl, Hailey, ID 83333
      View Details

    Similar Nearby for Sale

    • New
      $595,000

      Hailey Commercial Building Upper Level

      Unfinished space with potential for residential, commercial, or mixed-use.
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    • $1,150,000
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      Prime Commercial Building on Main

      Excellent Main Street location with storefront and parking.
      106 S Main St, Hailey, ID 83333
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    • $870,000
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      Hailey Commercial Property with Flexibility

      Versatile property suitable for offices, residence, or multi-family development.
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      Hailey Commercial Space with Potential

      Unfinished commercial space in Hailey, suitable for various uses.
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    • $3,250,000
      13,039 SF

      Commercial Building in Hailey, Idaho

      Fully leased commercial building near Main St in Hailey, ID.
      21 E Maple St, Hailey, ID 83333
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    • New
      $249,500

      Established Custom Closet Business Opportunity

      Profitable custom closet business for sale in Wood River Valley.
      4121 Black Oak Dr, Hailey, ID 83333
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    Similar Nearby for Lease

    • $800 /Mo

      Affordable Office Condo on Main

      Private office condo in downtown Hailey with shared amenities.
      416 S Main St, Hailey, ID 83333
      View Details
    • $750 /Mo

      Modern Office in Sawtooth Business Center

      Light-filled private office with amenities in Hailey's Sawtooth Business Center.
      101 Empty Saddle Trl, Hailey, ID 83333
      View Details
    • $2,000 /Mo
      706 SF

      Downtown Hailey Commercial Space For Rent

      Corner office or retail space in Hailey's downtown core.
      126 S Main St, Hailey, ID 83333
      View Details
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    Hailey, ID 83333
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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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