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Property profile & analytics
OFF-MARKET
Commercial real estate
536 Hwy 39 Blackfoot, ID 83221-5504
Individually Owned
2-yr Hold
Property ID
US27-0602551
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1942
Total area
1,297 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C2
APN
RP0336800
UPID
US27-0602551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Monroe · 2 yrs held
Michael Monroe
since 2024
4 recorded transactions
Zoning & alternative use
C2 · Blackfoot, ID
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose in establishing the Community Commercial Zone is to provide a district in which the primary use of land is for business purposes and promotes the development of retail shopping stores and service establishments
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
423.70 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Blackfoot submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blackfoot submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,225
Tax year 2024
Assessed value
$178,500
Assessed 2024
Previous assessed
$123,808
+44.2% YoY
Effective rate
1.25%
On assessed value
Assessed land
$35,000
Assessed improvement
$143,500
Land market value
$35,000
Improvement market value
$143,500
Total market value
$178,500
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1942
Stories
1
Bathrooms
2
Total area
1,297 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C2
APN
RP0336800
UPID
US27-0602551
Jurisdiction
BINGHAM
Zoning & alternative use
C2 · Blackfoot, IDZoning C2 · permitted uses
C2 · Blackfoot, ID
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose in establishing the Community Commercial Zone is to provide a district in which the primary use of land is for business purposes and promotes the development of retail shopping stores and service establishments
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
423.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1942
Stories
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Michael Monroe
Individual
Mailing address
536 W HWY 39, BLACKFOOT, ID 83221-5504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Michael Monroe
—
Deed
related
$185,800 · Ranlife Home Loans
Jan 2, 2024
—
Michael Monroe
Michael Monroe
Intrafamily Transfer
related
$136,300 · Ranlife Home Loans
Nov 9, 2018
—
Michael Monroe
Paige Burr Jordyn
Intrafamily Transfer
related
$88,369 · Ranlife Home Loans
Apr 18, 2005
—
Ryan Olson
Stephanie Olson
Special Warranty Deed
$68,000 · Countrywide Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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