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    3769 Lava Ln Island Park, ID 83429
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    3769 Lava Ln Island Park, ID 83429

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    • Short term rental properties
    • 1,065 SF
    For Sale
    $645,000
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    Commercial Property in Last Chance For Sale
    $645,000
    1,065 SF

    Commercial Property in Last Chance

    Commercial property with cabin on 1.59 acres.

    3769 Lava Ln, Island Park, ID 83429
    View Listing
    Property ID
    US27-0215395
    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

    • Short term rental properties

    Property Details for 3769 Lava Ln

    Property size
    1,065 SF
    Property type
    Short term rental properties
    Property subtype
    Commercial land

    Description

    Voted best small town come check out this rare opportunity at this price for a Commercial property that has a cabin sits in the heart of Last Chance on 1.59 acres zoned commercial without a subdivision. With no subdivision restrictions, the property offers the potential to create your own subdivision, pursue a multifamily dwelling, or develop the site in numerous configurations the lot can be developed in many ways (buyer to verify zoning, density, and permitted uses). Currently operated as a short-term rental , the charming cabin features an open floor plan with an office nook , two bedrooms , and one bathroom —ideal for continued rental use or as a base while future improvements are planned. The setting is filled with pine and aspen trees and abundant summer wildflowers .

    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
    Island Park
    County
    Fremont
    State
    Idaho
    Longitude
    -111.3983202
    Latitude
    44.3675646

    Comparable in this City

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      Commercial Acreage on Highway 20

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    Similar Nearby for Sale

    • $890,000
      2,160 SF

      Furnished Triplex Near Pond's Lodge

      Island Park triplex ideal for vacation rental or multi-family getaway.
      3770 Arctic Fox Dr, Island Park, ID 83429
      View Details
    • $579,000
      1.00 Acre

      Commercial Acre in Island Park

      One-acre commercial lot near Highway 20 and grocery store.
      4418 Us Highway 20, Island Park, ID 83429
      View Details
    • $12,000,000
      124.50 Acres

      Island Park Commercial/Residential Land

      124 acres with commercial zoning near Yellowstone National Park.
      5218 Us Highway 20, Island Park, ID 83429
      View Details
    • $679,000
      1.00 Acre

      Commercial Acreage on Highway 20

      One-acre commercial property with well, power, and highway access.
      4417 Us Highway 20, Island Park, ID 83429
      View Details
    • $750,000
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      Operating Gravel Pit Opportunity

      Operating gravel pit for sale in Island Park, Idaho.
      3555 Highway 87, Island Park, ID 83429
      View Details
    • $362,500
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      Island Park RV Ready Land

      RV ready land with full hookups and sheds.
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      View Details
    View Listing
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    Island Park, ID 83429
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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.

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