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    Property profile & analytics

    402 Washington Ave Emmett, ID 83617-2638

    • Warehouses
    • 9,000 SF
    • 1.64 lot acres
    OFF-MARKET
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0930393
    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

    • Avalanche Glass & Door / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • Gem Supply Co-Op / Building Supply / Hardware & Home Improvement
    • Ace / Building Supply / Hardware & Home Improvement
    • UPS Authorized Shipping Provider / Courier Service / Postal Service

    Property Details for 402 Washington Ave

    Year built
    1993
    Lot size
    1.64 lot acres
    Property size
    9,000 SF
    Property type
    Warehouses
    APN
    RPE3360003004AA
    APU
    RPE3360003004AA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,330,000
      AUTO REPAIR, GARAGE
      $1,020,000
      RETAIL STORES
      $805,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Emmett
    County
    Gem
    State
    Idaho
    Longitude
    -116.499
    Latitude
    43.8786
    CBSA code
    14260
    CBSA name
    BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

    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
    2021
    $4,819
    $82,180
    $453,651
    $535,831
    -
    $82,180
    $453,651
    $535,831

    Comparable in this City

    • Value Estimation
      $3,005,000
      33,692 SF

      858 Sunset Dr

      WAREHOUSE, STORAGE • 33,692 SF
      858 Sunset Dr, Emmett, ID 83617-9124
      View Details
    • Value Estimation
      $630,000
      6,000 SF

      1400 Washington Ave Ste A

      WAREHOUSE, STORAGE • 6,000 SF
      1400 Washington Ave Ste A, Emmett, ID 83617-9642
      View Details
    • Value Estimation
      $6,140,000
      72,014 SF

      1806 Hwy 16

      WAREHOUSE, STORAGE • 72,014 SF
      1806 Hwy 16, Emmett, ID 83617-9462
      View Details
    • Value Estimation
      $4,780,000
      54,484 SF

      2601 Main St

      WAREHOUSE, STORAGE • 54,484 SF
      2601 Main St, Emmett, ID 83617-2875
      View Details
    • Value Estimation by Request
      1,800 SF

      1749 Hwy 52

      WAREHOUSE, STORAGE • 1,800 SF
      1749 Hwy 52, Emmett, ID 83617-9729
      View Details
    • Value Estimation by Request
      4,160 SF

      2130 Service Ave

      WAREHOUSE, STORAGE • 4,160 SF
      2130 Service Ave, Emmett, ID 83617
      View Details

    Similar Nearby for Sale

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      Warehouse with Expansive Yard Space

      20,350 SF warehouse on 1.11 acres near Downtown.
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      5.5 acre irrigated lot with utilities in Emmett, ID.
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    • $200,000
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    • $319,900
      1.00 Acre

      Improved Acreage Lot with Barn

      One-acre lot with barn ready for Idaho living.
      1639 Shire Ln, Emmett, ID 83617
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    • New
      $579,000
      6.95 Acres

      6.951 Acres in Emmett, Idaho

      6.951 acres of land with development potential in Emmett.
      2412 S Mill Rd, Emmett, ID 83617
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    • $300,000
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      Emmett, ID Rim Property

      One-acre lot with views, utilities, and no HOA.
      950 Jackson Ave, Emmett, ID 83617
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    Similar Nearby for Lease

    • $1.00 SF/Yr

      Downtown Emmett Commercial Flex Space

      Premier flex space for lease in downtown Emmett.
      Commercial Flex Spc For Lease, Emmett, ID 83617
      View Details
    • $15 SF/Yr
      10,400 SF

      Emmett Retail Center - Highway 16

      High-traffic retail space, ample parking.
      620 Id-16, Emmett, ID 83617
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    • Contact for pricing
      27,878 SF

      Emmett Commercial Land - Highway 16

      High-exposure 1-acre commercial lot. Prime location.
      2010 Johns Ave, Emmett, ID 83617
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    • Contact for pricing
      479,160 SF

      Longhorn Station Land Lease

      Emmett, ID commercial land, prime location
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    • $15 SF/Yr

      Retail Spaces For Lease

      Retail spaces available for lease with excellent highway visibility.
      620 Highway 16, Emmett, ID 83617
      View Details
    • Contact for pricing

      High-Exposure Commercial Lot on Highway

      Prime commercial lot with high visibility and development potential.
      2010 South Johns Ave, Emmett, ID 83617
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      2.8k
    • Avg Time on site
      16 min
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    402 Washington Ave
    Emmett, ID 83617-2638
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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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