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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 Idaho Ave Homedale, ID 83628

    • Retail space
    • 800 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0653115
    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

    • Retail space

    Property Details for 16 Idaho Ave

    Year built
    1948
    Lot size
    0.07 lot acres
    Property size
    800 SF
    Property type
    Retail space
    APN
    RPA00100690070
    APU
    RPA00100690070

    Description

    This exceptional commercial property, located at 16 W Idaho in Homedale, Idaho, presents a unique investment opportunity. The 0.07-acre lot offers significant potential for a variety of commercial ventures. Its prime location in Homedale provides excellent visibility and accessibility, making it an ideal site for businesses seeking a strong foothold in this growing community. The property is priced competitively at $59,900, representing an attractive entry point into the Homedale commercial real estate market. The absence of existing structures allows for complete design flexibility, enabling prospective buyers to tailor the development to their specific business needs and vision. This blank canvas presents a chance to create a bespoke commercial space, perfectly suited to the demands of a modern business. Given the size and location, this lot is suitable for a range of uses, from small retail outlets to service-based businesses. The property's affordability makes it an especially compelling option for entrepreneurs and investors seeking a cost-effective entry into the commercial real estate sector. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is ready for immediate development, allowing for a swift turnaround from purchase to operational status. Don't miss this chance to secure a valuable piece of Homedale's commercial landscape.

    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
    Homedale
    County
    Owyhee
    State
    Idaho
    Longitude
    -116.933
    Latitude
    43.6175
    CBSA code
    14260
    CBSA name
    BOISE CITY-NAMPA, ID METROPOLITAN 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
    $343
    $6,190
    $17,527
    $23,717
    -
    $6,190
    $17,527
    $23,717

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      28 Idaho Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      28 Idaho Ave, Homedale, ID 83628
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    • Value Estimation by Request
      5,401 SF

      401 Idaho Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,401 SF
      401 Idaho Ave, Homedale, ID 83628-3239
      View Details
    • Value Estimation by Request
      1,452 SF

      118 Idaho Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,452 SF
      118 Idaho Ave, Homedale, ID 83628
      View Details
    • Value Estimation
      $650,000
      5,400 SF

      120 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      120 Main St, Homedale, ID 83628-3415
      View Details
    • Value Estimation by Request
      2,400 SF

      32 Idaho Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      32 Idaho Ave, Homedale, ID 83628
      View Details
    • Value Estimation by Request
      4,250 SF

      1 Owyhee Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,250 SF
      1 Owyhee Ave, Homedale, ID 83628
      View Details

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    Similar Nearby for Lease

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    16 Idaho Ave
    Homedale, ID 83628
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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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