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    Property profile & analytics

    300 Broadway St Blackfoot, ID 83221

    • Investment properties
    • 0.18 lot acres
    For Sale
    View listing
    $480,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0586620
    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

    • Investment properties

    Property Details for 300 Broadway St

    Year built
    1930
    Lot size
    0.18 lot acres
    Property type
    Investment properties

    Description

    This exceptional Blackfoot, ID investment opportunity encompasses two parcels totaling 0.35 acres, offering significant income potential and versatile commercial possibilities. The main building, situated on 0.21 acres at 300 N Broadway Street, boasts 7,690 square feet of improvements. This includes two identical 3-bedroom, 1-bathroom apartments, each 650 square feet, currently renting for $600 per month. Additionally, a large shop space generates $500 in monthly rent, while a smaller shop brings in $300. Two small storage units contribute an additional $100 monthly. The property's current monthly rental income totals $2,400, presenting substantial upside for rent increases. A separate 0.14-acre vacant lot is also included, currently leased for $300 per month. This property benefits from high visibility on Alice Street and Broadway Street, making it ideal for a variety of commercial ventures. The property can be purchased with or without the adjacent 321 NW Main Street property. This is a rare chance to acquire a well-established income-producing property with considerable growth potential in a thriving Blackfoot location.

    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
    Blackfoot
    County
    Bingham County
    State
    Idaho
    Longitude
    -112.3433
    Latitude
    43.1914

    Comparable in this City

    • $1,200,000
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      Blackfoot Restaurant & Apartment Building

      Turnkey Restaurant, Huge Potential!
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    • $400,000
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      Spacious Warehouse with Loft Storage

      Functional warehouse with office, divided layout, and private entrance.
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    • $190,000
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      Blackfoot Retail Land - Hwy 26

      Prime 0.37-acre retail lot in Blackfoot, ID.
      0 Tbd Brg St, Taber, ID 83221
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    • $119,000
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      Residential Lot Near Snake River

      One-acre residential lot near Snake River and boat launch.
      L5 B3, Blackfoot, ID 83221
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    • $119,000
      1.00 Acre

      One Acre Residential Lot

      One-acre residential lot near Snake River and Rose Canal.
      L3 B2, Blackfoot, ID 83221
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    • $1,400,000
      10,000 SF

      Blackfoot Commercial Property For Sale

      Commercial property near I-15 suitable for various business uses.
      467 N 90 W, Blackfoot, ID 83221
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.41 Acres

      Blackfoot Restaurant & Apartment Building

      Turnkey Restaurant, Huge Potential!
      321 Main St, Blackfoot, ID 83221
      View Details
    • $400,000
      5,983 SF

      Spacious Warehouse with Loft Storage

      Functional warehouse with office, divided layout, and private entrance.
      1373 NW Main St, Blackfoot, ID 83221
      View Details
    • $190,000
      0.37 Acres

      Blackfoot Retail Land - Hwy 26

      Prime 0.37-acre retail lot in Blackfoot, ID.
      0 Tbd Brg St, Taber, ID 83221
      View Details
    • $119,000
      1.00 Acre

      Residential Lot Near Snake River

      One-acre residential lot near Snake River and boat launch.
      L5 B3, Blackfoot, ID 83221
      View Details
    • $119,000
      1.00 Acre

      One Acre Residential Lot

      One-acre residential lot near Snake River and Rose Canal.
      L3 B2, Blackfoot, ID 83221
      View Details
    • $1,400,000
      10,000 SF

      Blackfoot Commercial Property For Sale

      Commercial property near I-15 suitable for various business uses.
      467 N 90 W, Blackfoot, ID 83221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,215 SF

      Established Market in Blackfoot, ID

      Well-established market available for rent in a prime location.
      805 S Broadway St, Blackfoot, ID 83221
      View Details
    • Contact for pricing
      8,500 SF

      Blackfoot Industrial Mixed-Use Building

      8,500 SF industrial mixed-use building on 1.375 acres.
      2 N 580 W, Blackfoot, ID 83221
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    • $14 SF/Yr
      4,000 SF

      Blackfoot Flex Space - Highway Frontage

      4,000 SF Flex Space, Bingham County, ID
      1801 Airport Rd, Blackfoot, ID 83221
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    • Contact for pricing
      5,300 SF

      Blackfoot Retail Space For Lease

      Updated commercial building with open space available for lease.
      27 N Main St, Blackfoot, ID 83221
      View Details
    • $1,800 /Mo
      2,156 SF

      Retail Space in High Traffic

      Customizable retail space in a high-traffic area near Wal-mart.
      1175 Parkway Dr, Blackfoot, ID 83221
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    • $3,685 /Mo
      5,324 SF

      Retail Space in Blackfoot, ID

      Commercial building for lease on Main Street in Blackfoot.
      27 N Main St, Blackfoot, ID 83221
      View Details
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    300 Broadway St
    Blackfoot, ID 83221
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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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