Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    222 Idaho Ave Homedale, ID 83628

    Property Lookup

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

    222 Idaho Ave Homedale, ID 83628

    View on Map
    • Commercial real estate
    • 1,150 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US27-0519108
    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

    • Universal Home Concepts / Renovation Specialist / General Contractor
    • Trojan Take and Bake Pizza / Restaurant / Take-out & Catering

    Property Details for 222 Idaho Ave

    Lot size
    0.14 lot acres
    Property size
    1,150 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 222 W Idaho in Homedale, Idaho, presents a unique investment opportunity. Boasting 1,150 square feet of space on a 0.14-acre lot, this versatile building is ideally situated on a main street within a growing community. The interior comprises four spacious rooms, adaptable for a variety of commercial uses, including offices or retail spaces. A convenient bathroom is also included. Beyond the main building, a sizable rear lot offers significant expansion potential. This area could be utilized for building additions, creating extra parking or storage, or simply enhancing the property's aesthetic appeal. Adding to the property's charm, the rear lot features established fruit trees (pears, apples, cherries) and berry bushes, providing a unique and potentially productive landscape. Priced at $299,500, this property represents a compelling value proposition for entrepreneurs and investors seeking a foothold in a thriving Idaho community. The property's prime location and versatile design make it an attractive option for a wide range of commercial ventures.

    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
    Homedale
    County
    Owyhee
    State
    Idaho
    Longitude
    -116.9388
    Latitude
    43.61791

    Comparable in this City

    • $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
      $140,000
      0.43 Acres

      Residential Lot in Homedale, ID

      Level building lot near town with room for amenities.
      Baggins, 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
    • New
      $104,900
      0.54 Acres

      Homedale Building Lot Opportunity

      Half-acre building lot in Homedale, suitable for a new home.
      510 Baggins Ln, Homedale, ID 83628
      View Details
    • Contact for pricing

      Commercial Land in Homedale, Idaho

      Commercial land for sale, ideal for development opportunities.
      315 W 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

    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
    • 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
    • New
      $104,900
      0.54 Acres

      Homedale Building Lot Opportunity

      Half-acre building lot in Homedale, suitable for a new home.
      510 Baggins Ln, Homedale, ID 83628
      View Details
    • Contact for pricing

      Commercial Land in Homedale, Idaho

      Commercial land for sale, ideal for development opportunities.
      315 W 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
    • New
      $140,000
      0.43 Acres

      Residential Lot in Homedale, ID

      Level building lot near town with room for amenities.
      Baggins, Homedale, ID 83628
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial and Yard Space

      Industrial cooling storage with additional yard space for lease.
      3656 Industrial Rd, Homedale, ID 83628
      View Details
    • $2,100,000
      12,603 SF

      Homedale Commercial/Industrial Property For Lease

      Turn-key commercial/industrial property in Homedale, near future D&B Supply.
      328 Highway 95, Homedale, ID 83628
      View Details
    • Contact for pricing

      New Retail/Office Buildings Available

      New retail/office buildings near Shady Lane RV Park.
      7 N 4Th St W, 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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    222 Idaho Ave
    Homedale, ID 83628
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!