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    620 Highway 16 Emmett, ID 83617

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    620 Highway 16 Emmett, ID 83617

    View on Map
    • Strip malls
    • 10,440 SF
    • 1.05 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Retail Spaces For Lease For Lease
    $15 SF/Yr
    10,400 SF

    Retail Spaces For Lease

    Retail spaces available for lease with excellent highway visibility.

    620 Hwy 16, Emmett, ID 83617
    View Listing
    Property ID
    US27-0935229
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 620 Highway 16

    Year built
    2004
    Lot size
    1.05 lot acres
    Property size
    10,440 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    RPE9025A001010A
    APU
    RPE9025A001010A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,540,000
      AUTO REPAIR, GARAGE
      $1,180,000
      RETAIL STORES
      $935,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Emmett
    County
    Gem
    State
    Idaho
    Longitude
    -116.492
    Latitude
    43.8624
    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
    $8,797
    $74,445
    $798,373
    $872,818
    -
    $74,445
    $798,373
    $872,818

    Comparable in this City

    • Value Estimation
      $1,525,000
      12,852 SF

      1312 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 12,852 SF
      1312 Washington Ave, Emmett, ID 83617-3596
      View Details
    • Value Estimation
      $2,135,000
      17,862 SF

      288 Hwy 16

      SHOPPING CENTER, STRIP CENTER • 17,862 SF
      288 Hwy 16, Emmett, ID 83617-5082
      View Details
    • Value Estimation
      $860,000
      6,903 SF

      1304 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 6,903 SF
      1304 Washington Ave, Emmett, ID 83617-3539
      View Details
    • Value Estimation
      $3,215,000
      27,689 SF

      135 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 27,689 SF
      135 Washington Ave, Emmett, ID 83617-2947
      View Details
    • Value Estimation
      $555,000
      3,964 SF

      101 Main St

      SHOPPING CENTER, STRIP CENTER • 3,964 SF
      101 Main St, Emmett, ID 83617-2931
      View Details
    • Value Estimation
      $5,035,000
      31,400 SF

      179 Hwy 52

      WHOLESALE OUTLET, DISCOUNT STORE • 31,400 SF
      179 Hwy 52, Emmett, ID 83617-9737
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,000 SF

      Freestanding Grocery Outlet Investment Property

      Single-tenant Grocery Outlet in Emmett, Idaho with a 15-year lease.
      2175 South Sub Station Rd, Emmett, ID 83617
      View Details
    • Contact for pricing

      Established Emmett Gas Station/Store

      Turnkey gas station and convenience store in Emmett, Idaho.
      702 S Washington Ave, Emmett, ID 83617
      View Details
    • $795,000
      2,102 SF

      Emmett Commercial Property - High ROI

      Three commercial units plus Airbnb potential.
      1018 Washington Ave, Emmett, ID 83617
      View Details
    • Contact for pricing

      Emmett Commercial Lot For Sale

      1.19-acre commercial lot in Emmett's Substation commercial corridor.
      S Sub Station Rd, Emmett, ID 83617
      View Details
    • Contact for pricing

      151 Acres with River Frontage

      151 acres featuring river frontage and multiple outbuildings.
      1111 E Idaho Blvd, Emmett, ID 83617
      View Details
    • Contact for pricing

      Land For Sale Emmett, ID

      Land available for sale in Emmett, Idaho.
      216 Highway 52, Emmett, ID 83617
      View Details

    Similar Nearby for Lease

    • $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

      Retail Spaces For Lease

      Retail spaces available near Highway 16 and Johns Avenue.
      620 Id-16, Emmett, ID 83617
      View Details
    • Contact for pricing

      Highway 16 Commercial Lot

      High-exposure commercial lot on Highway 16 available for rent.
      2010 S Johns Ave, Emmett, ID 83617
      View Details
    • Contact for pricing

      Prime Pad Sites Available

      Land lease or build-to-suit options in Emmett, Idaho.
      Id-16, Emmett, ID 83617
      View Details
    • $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
    • 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
      10.8k
    • Visitors by month
      5.0k
    • Avg Time on site
      6 min
    View Listing
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    620 Highway 16
    Emmett, ID 83617
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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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