Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    301 Center St Grace, ID 83241
    Back to Search
    Property profile & analytics

    301 Center St Grace, ID 83241

    View on Map
    • Commercial real estate
    • 0.16 lot acres
    For Sale
    $325,000
    View Listing →
    Grace, ID Office Space - Prime Location For Sale
    $325,000
    3,574 SF

    Grace, ID Office Space - Prime Location

    Spacious Office, Ample Parking, Workshop Included

    301 Center St, Grace, ID 83241
    View Listing
    Property ID
    US27-0859907
    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

    • Commercial real estate

    Property Details for 301 Center St

    Lot size
    0.16 lot acres
    Property type
    Commercial real estate
    APN
    25301044040
    APU
    25301044040

    Description

    This exceptional 3,574 square foot commercial property, situated on Center Street in Grace, Idaho, presents a unique opportunity for businesses seeking versatile and functional space. The building boasts two expansive open areas, perfect for collaborative work environments or adaptable to various business needs. In addition to the open areas, the property includes dedicated private office space, providing a balance between collaborative and individual work settings. Two generously sized storage rooms offer ample space for inventory, supplies, or archives. A full bathroom and a convenient shower add to the property's practicality and convenience. A significant advantage is the inclusion of a combined garage and workshop area, ideal for equipment storage, light manufacturing, or specialized projects. The 0.16-acre lot provides ample parking for employees and clients, eliminating parking concerns. The property's prime location on Center Street ensures high visibility and easy accessibility. This property is ready for immediate occupancy and offers a compelling combination of space, functionality, and location. The asking price is $325,000. This is an exceptional opportunity for a business seeking a well-equipped and conveniently located office space in Grace, Idaho.

    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
    Grace
    County
    Caribou
    State
    Idaho
    Longitude
    -111.734
    Latitude
    42.5763

    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
    $1,429
    $28,800
    $81,510
    $110,310
    -
    $28,800
    $81,510
    $110,310

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      40 1st W

      COMMERCIAL (GENERAL) • 0.31 Acres
      40 1st W, Grace, ID 83241
      View Details
    • Value Estimation by Request
      0.34 Acres

      18 Ctr St

      COMMERCIAL (GENERAL) • 0.34 Acres
      18 Ctr St, Grace, ID 83241-4904
      View Details
    • Value Estimation by Request
      0.09 Acres

      6 Main St

      COMMERCIAL (GENERAL) • 0.09 Acres
      6 Main St, Grace, ID 83241
      View Details
    • Value Estimation by Request
      0.11 Acres

      108 Main St

      COMMERCIAL (GENERAL) • 0.11 Acres
      108 Main St, Grace, ID 83241
      View Details
    • Value Estimation by Request
      0.16 Acres

      5 Main St

      COMMERCIAL (GENERAL) • 0.16 Acres
      5 Main St, Grace, ID 83241
      View Details
    • Value Estimation by Request
      0.88 Acres

      Grace, ID 83241

      COMMERCIAL (GENERAL) • 0.88 Acres
      Grace, ID 83241
      View Details

    Similar Nearby for Sale

    • $325,000
      3,574 SF

      Grace, ID Office Space - Prime Location

      Spacious Office, Ample Parking, Workshop Included
      301 Center St, Grace, ID 83241
      View Details
    • $199,000
      0.05 Acres

      110 Main St, Grace, ID 83241

      Investment properties • 0.05 Acres
      110 Main St, Grace, ID 83241
      View Details
    • $145,000
      12.30 Acres

      McPherson Canyon Land Parcel

      12.3-acre property near Grace, ID, ideal for recreation.
      Tbd Mcpherson Cyn Rd, Grace, ID 83241
      View Details
    • New
      $50,000
      0.42 Acres

      Gem Valley Land Near Recreation

      Land near Lava Hot Springs, Grace, Bancroft and Soda Springs.
      Fish Crk Rd, Grace, ID 83241
      View Details
    • New
      $50,000
      0.42 Acres

      Gem Valley Residential Land

      Residential land near Lava Hot Springs, Grace, Bancroft, Soda Springs.
      Tbd Fish Crk Rd, Grace, ID 83241
      View Details
    • $159,000

      Turn-Key Business Opportunity in Grace

      Versatile commercial space suitable for restaurant, retail, or other ventures.
      110 N Main St, Grace, ID 83241
      View Details
    View Listing
    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.
    301 Center St
    Grace, ID 83241
    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

    Thank You for Inquiry
    301 Center St, Grace, ID, 83241
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!