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

    403 417 & 419, Unit 403 Hailey, ID 83333

    • Commercial real estate
    • 0.83 lot acres
    For Sale
    View listing
    $3,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0712182
    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 403 417 & 419

    Lot size
    0.83 lot acres
    Property type
    Commercial real estate
    APN
    RPH0000055004A, RPH0000055002A, RPH00000550010

    Description

    Exceptional investment opportunity in downtown Hailey, Idaho, presents a fully entitled and permitted 50-unit multifamily development project. This prime .83-acre site, encompassing three platted parcels (APN: RPH0000055004A, RPH0000055002A, RPH00000550010), is zoned for business use and offers a transferrable City of Hailey building permit. The planned development, located at 403, 417, & 419 N River St, Hailey, ID 83333, features 37 one-bedroom units and 12 two-bedroom units, along with one ground floor commercial space, totaling 50 units across three stories. The project encompasses 35,300 square feet of planned improvements. This fee-simple ownership offers strong potential given the high demand for housing in this desirable downtown location. Detailed building plans are available. This is a turnkey opportunity to capitalize on the robust Hailey real estate market. Contact us for the complete offering package.

    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
    Hailey
    County
    Blaine
    State
    Idaho
    Longitude
    -114.3194862674
    Latitude
    43.522972743119

    Comparable in this City

    • $1,195,000
      0.88 Acres

      Hailey Land: Cottage & Duplex

      Land for cottage and duplex development in Hailey, Idaho.
      810 E Myrtle St Cottage + Duplex, Hailey, ID 83333
      View Details
    • $1,100,000
      0.47 Acres

      Hailey Land with Approved Permits

      Vacant land with permits for 18 units in Hailey.
      51 W Maple St, Hailey, ID 83333
      View Details
    • $695,000

      Hailey Commercial Lot: Prime Development

      24,829 sq ft commercial/residential land.
      2 Quigley Farm Rd, Hailey, ID 83333
      View Details
    • $17,050,000
      34,465 SF

      New Multifamily Development in Hailey

      New development with strong appreciation potential in Wood River Valley.
      1950-2021 Copper Ranch Ln, Hailey, ID 83333
      View Details
    • $1,650,000
      3,250 SF

      New Triplex in Wood River Valley

      New triplex with modern design in Hailey, Idaho.
      2020 Wimbledon Ct, Hailey, ID 83333
      View Details
    • New
      $595,000

      Hailey Commercial Building Upper Level

      Unfinished space with potential for residential, commercial, or mixed-use.
      110 And 4, Hailey, ID 83333
      View Details

    Similar Nearby for Sale

    • $695,000

      Hailey Commercial Lot: Prime Development

      24,829 sq ft commercial/residential land.
      2 Quigley Farm Rd, Hailey, ID 83333
      View Details
    • $1,100,000
      0.47 Acres

      Hailey Land with Approved Permits

      Vacant land with permits for 18 units in Hailey.
      51 W Maple St, Hailey, ID 83333
      View Details
    • $1,195,000
      0.88 Acres

      Hailey Land: Cottage & Duplex

      Land for cottage and duplex development in Hailey, Idaho.
      810 E Myrtle St Cottage + Duplex, Hailey, ID 83333
      View Details
    • $17,050,000
      34,465 SF

      New Multifamily Development in Hailey

      New development with strong appreciation potential in Wood River Valley.
      1950-2021 Copper Ranch Ln, Hailey, ID 83333
      View Details
    • $1,650,000
      3,250 SF

      New Triplex in Wood River Valley

      New triplex with modern design in Hailey, Idaho.
      2020 Wimbledon Ct, Hailey, ID 83333
      View Details
    • $779,000

      Furnished Townhome with Hot Tub

      Modern, furnished townhome with private hot tub and rooftop deck.
      410 N River St, Hailey, ID 83333
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      706 SF

      Downtown Hailey Commercial Space For Rent

      Corner office or retail space in Hailey's downtown core.
      126 S Main St, Hailey, ID 83333
      View Details
    • $750 /Mo

      Modern Office in Sawtooth Business Center

      Light-filled private office with amenities in Hailey's Sawtooth Business Center.
      101 Empty Saddle Trl, Hailey, ID 83333
      View Details
    • $800 /Mo

      Affordable Office Condo on Main

      Private office condo in downtown Hailey with shared amenities.
      416 S Main St, Hailey, ID 83333
      View Details
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    403 417 & 419, Unit 403
    Hailey, ID 83333
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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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