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

    615 Main St Hailey, ID 83333-8419

    • Grocery and convenience stores
    • 19,001 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0624765
    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

    • Grocery Outlet / Supermarket / Grocery Store

    Property Details for 615 Main St

    Lot size
    0.91 lot acres
    Property size
    19,001 SF
    Property type
    Grocery and convenience stores
    APN
    RPH0000068001A
    APU
    RPH0000068001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hailey
    County
    Blaine
    State
    Idaho
    Longitude
    -114.32
    Latitude
    43.5248
    CBSA code
    25200
    CBSA name
    HAILEY, ID MICROPOLITAN 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
    2023
    $11,898
    $1,062,225
    $1,963,499
    $3,025,724
    -
    $1,062,225
    $1,963,499
    $3,025,724

    Comparable in this City

    • Value Estimation
      $530,000
      17,950 SF

      101 Empty Saddle Trl

      GROCERY, SUPERMARKET • 17,950 SF
      101 Empty Saddle Trl, Hailey, ID 83333-8437
      View Details
    • Value Estimation by Request
      720 SF

      19 Bullion St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      19 Bullion St, Hailey, ID 83333-8409
      View Details
    • Value Estimation
      $380,000
      7,040 SF

      580 Vly Clb Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,040 SF
      580 Vly Clb Dr, Hailey, ID 83333
      View Details
    • Value Estimation
      $370,000
      5,562 SF

      206 Main St

      FINANCIAL BUILDING • 5,562 SF
      206 Main St, Hailey, ID 83333-8413
      View Details
    • Value Estimation
      $330,000
      0.09 Acres

      122 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      122 Main St, Hailey, ID 83333-8408
      View Details
    • Value Estimation
      $385,000
      2,778 SF

      314 Main St

      FINANCIAL BUILDING • 2,778 SF
      314 Main St, Hailey, ID 83333-8415
      View Details

    Similar Nearby for Sale

    • $695,000
      1,164 SF

      Prime Main Street Retail Property

      Commercial property with retail frontage and expansion potential in Hailey.
      102 N Main St, Hailey, ID 83333
      View Details
    • $3,250,000
      0.83 Acres

      Entitled Multifamily Development Opportunity

      Permitted 50-unit multifamily development with retail space for sale.
      403 417 & 419, Hailey, ID 83333
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    • $595,000
      Pending

      Hailey Commercial Space with Potential

      Unfinished commercial space in Hailey, suitable for various uses.
      110 N 1St Ave, Hailey, ID 83333
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    • $2,950,000
      10,598 SF

      Prime Corner in Downtown Hailey

      Commercial property in downtown Hailey, great for user or investor.
      202 N Main St, Hailey, ID 83333
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    • $1,150,000
      3,370 SF

      Prime Commercial Building on Main

      Excellent Main Street location with storefront and parking.
      106 S Main St, Hailey, ID 83333
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    • New
      $1,200,000
      2,912 SF

      Commercial Building on Corner Lot

      Two-tenant building with high exposure and ample parking.
      315 S River St, Hailey, ID 83333
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    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 Center

      Private office space with included utilities and shared amenities.
      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

    Property Visit Statistics

    • Visits by month
      22.4k
    • Visitors by month
      11.6k
    • Avg Time on site
      22 min
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    615 Main St
    Hailey, ID 83333-8419
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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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