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    Property profile & analytics

    19 Wyoming Ave Homedale, ID 83628

    • Office properties & Spaces
    • 5,840 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0538962
    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

    • Parker Advisors / Financial Advisor

    Property Details for 19 Wyoming Ave

    Year built
    2003
    Lot size
    0.36 lot acres
    Property size
    5,840 SF
    Property type
    Office properties & Spaces
    APN
    RPA0010069028A
    APU
    RPA0010069028A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,291,000
      Market price range: $423k - $1.29M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $940,000
      Current use
      RESTAURANT
      $830,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Homedale
    County
    Owyhee
    State
    Idaho
    Longitude
    -116.933
    Latitude
    43.6171
    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
    $5,307
    $25,355
    $530,906
    $556,261
    -
    $25,355
    $530,906
    $556,261

    Comparable in this City

    • Value Estimation by Request
      2,176 SF

      Homedale, ID 83628

      OFFICE (GENERAL) • 2,176 SF
      Homedale, ID 83628
      View Details
    • Value Estimation by Request
      618 SF

      9 Idaho Ave

      OFFICE (GENERAL) • 618 SF
      9 Idaho Ave, Homedale, ID 83628-3215
      View Details
    • Value Estimation by Request
      3,520 SF

      7 Main St

      OFFICE (GENERAL) • 3,520 SF
      7 Main St, Homedale, ID 83628-3252
      View Details
    • Value Estimation
      $655,000
      4,050 SF

      8 2nd W St

      OFFICE (GENERAL) • 4,050 SF
      8 2nd W St, Homedale, ID 83628-3160
      View Details
    • Value Estimation by Request
      1,260 SF

      15 Colorado Ave

      OFFICE (GENERAL) • 1,260 SF
      15 Colorado Ave, Homedale, ID 83628-3400
      View Details
    • Value Estimation by Request
      1,577 SF

      313 Idaho Ave

      OFFICE (GENERAL) • 1,577 SF
      313 Idaho Ave, Homedale, ID 83628
      View Details

    Similar Nearby for Sale

    • $1,200,000
      55.17 Acres

      Homedale Land with Irrigation

      55.17 acres with well, septic, electricity, and irrigation.
      2051 Thompson Rd, Homedale, ID 83628
      View Details
    • New
      $115,000
      0.54 Acres

      Homedale Building Lot Opportunity

      Half-acre building lot in Homedale, suitable for a new home.
      L3 W Idaho Ave, Homedale, ID 83628
      View Details
    • Contact for pricing
      30,000 SF

      Homedale Commercial Development Land Available

      1 to 15 acres available near Highway 95.
      Highway 95, Homedale, ID 83628
      View Details
    • $275,000
      0.42 Acres

      Homedale Commercial Land Investment

      Prime .42-acre commercial lot in Homedale, ID
      315 Idaho Ave, Homedale, ID 83628
      View Details
    • $199,000
      0.53 Acres

      Homedale Land with Snake River Frontage

      Land with Snake River frontage and city utilities available.
      505 Owyhee Ave, Homedale, ID 83628
      View Details
    • $800,000
      Pending

      Homedale, ID Irrigated Farmland

      93.02 acres of prime Owyhee County farmland for sale.
      River Rd, Homedale, ID 83628
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,407 SF

      Prime Homedale Office Space

      Executive Suites, 1800-3600 sq ft
      7 4Th St, Homedale, ID 83628
      View Details
    • $16,740 /Mo
      3,904 SF

      New Office/Shop Space Available

      Move-in ready office/shop space for rent in Homedale, ID.
      35 W Owyhee Ave, Homedale, ID 83628
      View Details
    • $2,100,000
      12,603 SF

      Homedale Commercial/Industrial Opportunity

      Premier commercial/industrial property in Homedale's future expansion area.
      328 Highway 95, Homedale, ID 83628
      View Details
    • $6 SF/Yr
      62,000 SF

      Homedale Industrial Space For Lease

      Cold storage, flex space available. Prime Homedale location.
      3656 Industrial Rd, Homedale, ID 83628
      View Details
    • $113,427
      12,603 SF

      Homedale Commercial/Industrial Opportunity

      Premier commercial/industrial property in Homedale, ready for immediate operations.
      328 Highway 95, Homedale, ID 83628
      View Details
    • $0.65 SF/Yr

      Industrial and Yard Space Available

      Industrial and yard space for lease with cooling storage.
      3656 Industrial Rd, Homedale, ID 83628
      View Details
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    19 Wyoming 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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