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    Property profile & analytics

    5640 Us Highway 93 Jerome, ID 83338

    • Agricultural land / Farmland
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-1078042
    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

    • Agricultural land / Farmland

    Property Details for 5640 Us Highway 93

    Property type
    Agricultural land / Farmland
    Property subtype
    Commercial real estate

    Description

    Highly sought after Highway 93 frontage property providing for 60.91 acres with 65 NSCC water shares. Pivot and all irrigation equipment utilized for irrigation purposes to remain on the property. Two approaches to the property have been approved and provided by ITD with one being a 20' approach and ... one a 40' approach for ingress/egress. Well installed in 2012- 420 ft with static water level at 309 feet Power- Two meters- Single phase/Three phase 40 hp motor and pump, 3-tower Zimmatic pivot installed in 2020, Two wheel lines, main line and hand lines

    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
    Jerome
    County
    Jerome
    State
    Idaho
    Longitude
    -114.442308
    Latitude
    42.701978

    Comparable in this City

    • New
      $368,076
      4.97 Acres

      Land with Water Shares

      4.97 acres with water shares in Jerome, Idaho.
      535 S 100, Jerome, ID 83338
      View Details
    • $845,360
      6.04 Acres

      6.04 Acres Industrial Land Opportunity

      Industrial land on US Highway 93, one mile from I-84.
      Approx 5515 Hwy 93, Jerome, ID 83338
      View Details
    • $220,772
      Pending

      Land for Sale in Jerome

      2.97 acres of land with water shares.
      535 S 100, Jerome, ID 83338
      View Details
    • $1,800,000
      38.82 Acres

      Jerome, ID Farmland Opportunity

      38.82 acres of farmland near Jerome, Idaho.
      180 W 100 S, Jerome, ID 83338
      View Details
    • $892,000
      2.93 Acres

      Commercial Land in Jerome, ID

      2.93 acres of shovel-ready commercial land for sale.
      American Ave, Jerome, ID 83338
      View Details
    • $1,333,000

      Industrial Land Near Freeway Interchange

      Industrial land suitable for trucking or manufacturing with freeway frontage.
      3 Victoria St, Jerome, ID 83338
      View Details

    Similar Nearby for Sale

    • New
      $368,076
      4.97 Acres

      Land with Water Shares

      4.97 acres with water shares in Jerome, Idaho.
      535 S 100, Jerome, ID 83338
      View Details
    • $845,360
      6.04 Acres

      6.04 Acres Industrial Land Opportunity

      Industrial land on US Highway 93, one mile from I-84.
      Approx 5515 Hwy 93, Jerome, ID 83338
      View Details
    • $220,772
      Pending

      Land for Sale in Jerome

      2.97 acres of land with water shares.
      535 S 100, Jerome, ID 83338
      View Details
    • $1,800,000
      38.82 Acres

      Jerome, ID Farmland Opportunity

      38.82 acres of farmland near Jerome, Idaho.
      180 W 100 S, Jerome, ID 83338
      View Details
    • $892,000
      2.93 Acres

      Commercial Land in Jerome, ID

      2.93 acres of shovel-ready commercial land for sale.
      American Ave, Jerome, ID 83338
      View Details
    • $1,333,000

      Industrial Land Near Freeway Interchange

      Industrial land suitable for trucking or manufacturing with freeway frontage.
      3 Victoria St, Jerome, ID 83338
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Northbridge Junction Industrial Development

      New industrial development with flexible space sizing in Jerome, ID.
      421 East Rd South, Jerome, ID 83338
      View Details
    • Contact for pricing

      Class A Office Building Jerome

      3,685 SF Class A office building in Jerome, ID.
      921 N Lincoln Ave, Jerome, ID 83338
      View Details
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    Jerome, ID 83338
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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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