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

    1615 Midway Ave Ammon, ID 83406

    • Retail space
    • 6,534 SF
    • 0.43 lot acres
    For Lease
    View listing
    Value Estimations
    $255,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0859129
    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 1615 Midway Ave

    Year built
    2006
    Lot size
    0.43 lot acres
    Property size
    6,534 SF
    Property type
    Retail space
    APN
    RPB3171002004D
    APU
    RPB3171002004D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $215,000
      Current use
      AUTO REPAIR, GARAGE
      $375,000
      Change: +76% Conversion: Difficult
      WAREHOUSE, STORAGE
      $370,000
      Change: +73% Conversion: Difficult
      OFFICE BUILDING
      $360,000
      Change: +69% Conversion: Easy
      MEDICAL BUILDING
      $330,000
      Change: +56% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ammon
    County
    Bonneville
    State
    Idaho
    Longitude
    -111.969
    Latitude
    43.4827
    CBSA code
    26820
    CBSA name
    IDAHO FALLS, 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
    2024
    $6,278
    $112,134
    $21,200
    $133,334
    -
    $112,134
    $21,200
    $133,334

    Comparable in this City

    • Value Estimation
      $250,000
      4,956 SF

      2665 25th E

      RETAIL STORES (PERSONAL SERVICES) • 4,956 SF
      2665 25th E, Ammon, ID 83406-5703
      View Details
    • Value Estimation
      $460,000
      12,300 SF

      3549 25th E

      RETAIL STORES (PERSONAL SERVICES) • 12,300 SF
      3549 25th E, Ammon, ID 83406-6101
      View Details
    • Value Estimation
      $1,040,000
      43,010 SF

      3693 25th E

      RETAIL STORES (PERSONAL SERVICES) • 43,010 SF
      3693 25th E, Ammon, ID 83406-6102
      View Details
    • Value Estimation
      $300,000
      12,100 SF

      3240 Sunnyside Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,100 SF
      3240 Sunnyside Rd, Ammon, ID 83406-7725
      View Details
    • Value Estimation
      $330,000
      14,431 SF

      480 Amy Ln

      RETAIL STORES (PERSONAL SERVICES) • 14,431 SF
      480 Amy Ln, Ammon, ID 83406-4543
      View Details
    • Value Estimation
      $270,000
      4,171 SF

      3270 17th St

      RETAIL STORES (PERSONAL SERVICES) • 4,171 SF
      3270 17th St, Ammon, ID 83406-6758
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Teton Spectrum

      Prime retail suite in high-traffic Ammon shopping center.
      3025 S 25Th East, Ammon, ID 83406
      View Details
    • Contact for pricing
      25.70 Acres

      Ammon Commercial Land Development

      Prime 25.7-acre commercial pad site.
      3540 Sunnyside Rd, Ammon, ID 83406
      View Details
    • $2,150,000
      800 SF

      Freestanding Retail Kiosk with Drive-Thru

      High-exposure retail outparcel with a long-term national tenant.
      2703 E Sunnyside Rd, Ammon, ID 83406
      View Details
    • Contact for pricing
      137,822 SF

      Ammon Commercial Lots for Sale

      Prime Commercial Land, Idaho Falls Area
      0 1St St, Idaho Falls, ID 83406
      View Details
    • $3,250,000
      26,967 SF

      Idaho Falls Commercial Property For Sale

      Commercial property in Idaho Falls with multi-tenant and single-tenant buildings.
      3544 17Th St, Idaho Falls, ID 83406
      View Details
    • $170,000
      1,500 SF

      Established Restaurant Business For Sale

      Operating Mexican restaurant with equipment and goodwill included in sale.
      1627 Market St, Ammon, ID 83406
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sandcreek Commons Retail Leasing Opportunity

      Prime retail spaces available in Ammon's bustling Hitt Road corridor.
      3451 S 25Th E, Ammon, ID 83406
      View Details
    • Contact for pricing
      137,822 SF

      Ammon, Idaho Commercial Lots

      Prime location, flexible options, high growth.
      0 1St St, Idaho Falls, ID 83406
      View Details
    • Contact for pricing
      Pending

      Idaho Falls Retail Space Available

      Retail property for rent in Idaho Falls, 1538 square feet.
      3742 Woodking Dr, Idaho Falls, ID 83406
      View Details
    • Contact for pricing
      Pending

      Retail Space in Idaho Falls

      Retail property available for lease in Idaho Falls, ID.
      3748 Woodking Dr, Idaho Falls, ID 83406
      View Details
    • Contact for pricing

      Prime Retail Location in Ammon

      High-traffic retail location near Grand Teton Mall and major retailers.
      2565 East 17Th St, Ammon, ID 83406
      View Details
    • Contact for pricing

      Restaurant Space in Teton Spectrum

      Restaurant space for lease in high-traffic shopping center.
      2647 S 25Th E, Ammon, ID 83406
      View Details

    Property Visit Statistics

    • Visits by month
      336
    • Visitors by month
      716
    • Avg Time on site
      25 min
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    1615 Midway Ave
    Ammon, ID 83406
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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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