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    1620 Aviation Way Caldwell, ID 83605
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    Property profile & analytics

    1620 Aviation Way Caldwell, ID 83605

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    • Industrial land
    Off-Market
    Property ID
    US27-0058637
    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

    • Industrial land

    Property Details for 1620 Aviation Way

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    Ideal industrial owner-user opportunity in Caldwell, Idaho. Just 1 mile from I-84 Exit 29. This dual-access property offers unparalleled convenience and accessibility. The newly improved intersection at Franklin and Aviation allows for ample road space and smooth traffic flow for larger commercial vehicles. The property's proximity to synergistic industrial players, Flying J Travel Center, Bluebird Truck Wash, D & B Super Store, and I-84 frontage underscores its strategic location. Coming in 2027, the 21 Million Caldwell Airport expansion, and a new Home Depot Location. Ideal for storage units. Don't miss this prime industrial location.

    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
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.6535928
    Latitude
    43.6556501

    Comparable in this City

    • $1,699,000
      3,112 SF

      Caldwell Land Investment Opportunity

      Prime commercial/industrial land near Caldwell Airport and Highland Industrial Park.
      S Kcid Rd, Caldwell, ID 83605
      View Details
    • $290,000

      Central Caldwell Industrial Land Parcel

      M-1 zoned industrial land ideal for contractors and small-bay operations.
      W Chicago St, Caldwell, ID 83605
      View Details
    • $3,775,345

      Caldwell Industrial Land For Sale

      Divisible M-1 zoned industrial land with city utilities.
      E Chicago St, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Industrial Land Near I-84

      39.38 acres of industrial land with I-84 access.
      2925 S Kcid Rd, Caldwell, ID 83605
      View Details
    • $3,268,960

      Caldwell Industrial Land For Sale

      Divisible M-1 zoned industrial land with city utilities available.
      Specht Ave, Caldwell, ID 83605
      View Details
    • $950,000

      Prime Land Parcel on Cleveland

      High-visibility land parcel in a rapidly developing commercial area.
      Retail Land For Sale, Caldwell, ID 83605
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land Near I-84

      39.38 acres of industrial land with I-84 access.
      2925 S Kcid Rd, Caldwell, ID 83605
      View Details
    • $1,699,000
      3,112 SF

      Caldwell Land Investment Opportunity

      Prime commercial/industrial land near Caldwell Airport and Highland Industrial Park.
      S Kcid Rd, Caldwell, ID 83605
      View Details
    • $290,000

      Central Caldwell Industrial Land Parcel

      M-1 zoned industrial land ideal for contractors and small-bay operations.
      W Chicago St, Caldwell, ID 83605
      View Details
    • $3,775,345

      Caldwell Industrial Land For Sale

      Divisible M-1 zoned industrial land with city utilities.
      E Chicago St, Caldwell, ID 83605
      View Details
    • $3,268,960

      Caldwell Industrial Land For Sale

      Divisible M-1 zoned industrial land with city utilities available.
      Specht Ave, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Interstate Visible Commercial Land Parcel

      Commercial land parcel with interstate visibility in Caldwell, Idaho.
      Commercial Way, Caldwell, ID 83605
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Industrial Land Parcel For Lease

      1.56-acre industrial land parcel for lease in Sky Ranch.
      Land For Lease, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Retail Land for Lease

      Land available for new retail building with long-term ground lease.
      4922 Cleveland Blvd, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Land for Ground Lease

      Parcels available for ground lease near future Home Depot.
      4202 S 20Th Ave, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Retail Land for Lease

      Land available for new retail build-to-suit or ground lease.
      4922 Cleveland Blvd, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Highway 20/26 Development Opportunity

      Land available for lease, sale, or build to suit.
      11056 Highway 20/26, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Caldwell Retail/Mixed-Use Space Available

      Retail/mixed-use space for lease in Caldwell, Idaho.
      3110 Cleveland Blvd, Caldwell, ID 83605
      View Details
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    1620 Aviation Way
    Caldwell, ID 83605
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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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