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

    307 Main St Cascade, ID 83611

    • Commercial real estate
    • 2,114 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0958841
    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

    • Commercial real estate

    Property Details for 307 Main St

    Year built
    1920
    Lot size
    0.16 lot acres
    Property size
    2,114 SF
    Property type
    Commercial real estate

    Description

    This unique Cascade, ID property at 307 S Main St offers a compelling blend of commercial and residential space, ideal for a variety of uses. The 2,114 square foot building sits on a 0.16-acre lot, boasting high visibility on Highway 55's Main Street, with convenient alley access. The main floor features a versatile office space complete with a propane stove, a recently updated kitchen (including appliances), a laundry area, and a half-bath (plumbing is in place for a shower). Upstairs, a spacious loft area provides ample living space, complemented by a large bedroom and a full bathroom. Adding to the property's flexibility, a former garage space, currently used as office space, retains its original garage door, allowing for easy conversion back to a garage or continued use as additional office space. The property's zoning allows for commercial use, making it a perfect opportunity for an owner-occupied business or an investor seeking a mixed-use property with significant potential. The combination of prime location, versatile space, and existing improvements presents a rare opportunity in the Cascade market. The asking price is $415,000.

    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
    Cascade
    County
    Valley
    State
    Idaho
    Longitude
    -116.0403
    Latitude
    44.51373

    Comparable in this City

    • $259,000
      0.36 Acres

      Downtown Cascade Commercial Building

      High-visibility, 5000 sq ft commercial space.
      212 Front St, Cascade, ID 83611
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    • $400,000
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      25 Acre Farm Potential Land

      25 acre fenced parcel with mountain views near Cascade, Idaho.
      Sixty Ln, Cascade, ID 83611
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    • $279,000

      Cascade Lake View Lot

      Land with lake view, community access, and recreational opportunities.
      23 Hall Ln East, Cascade, ID 83611
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    • $275,000
      0.90 Acres

      Riverfront Land in Cascade, Idaho

      Rare riverfront property on the North Fork of the Payette.
      L7 B1 Riv Bank Dr, Cascade, ID 83611
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    • $299,900
      3.43 Acres

      Land with Approved Home Plans

      Ready-to-build land with utilities and mountain views near recreation.
      28 Sarah Way, Cascade, ID 83611
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    • $150,000
      0.35 Acres

      Land in Cascade River District

      Residential land with river access in Cascade, Idaho.
      L7 B2 Riv Bank Dr, Cascade, ID 83611
      View Details

    Similar Nearby for Sale

    • $259,000
      0.36 Acres

      Downtown Cascade Commercial Building

      High-visibility, 5000 sq ft commercial space.
      212 Front St, Cascade, ID 83611
      View Details
    • $249,000
      1,224 SF

      Commercial Units with Lofts

      Heated commercial units with lofts, suitable for various uses.
      1453 S Main St, Cascade, ID 83611
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    • $170,000
      0.29 Acres

      Land with River Access

      Land with mountain views and river access in Cascade, Idaho.
      L15 B2 Riv Bank Dr, Cascade, ID 83611
      View Details
    • $110,000
      0.22 Acres

      Land with River Access

      Land with mountain views and river access in Cascade, Idaho.
      L3 B2 Lazy Riv St, Cascade, ID 83611
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    • $152,000
      0.45 Acres

      Land in Cascade River District

      Residential land with river access in Cascade, Idaho.
      L6 B2 Riv Bank Dr, Cascade, ID 83611
      View Details
    • $150,000
      0.88 Acres

      Land with Mountain Views

      Land with paved road access and Payette River proximity.
      L2 B1 Lazy Riv St, Cascade, ID 83611
      View Details
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    307 Main St
    Cascade, ID 83611
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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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