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

    620 Highway 16 Emmett, ID 83617

    • Strip malls
    • 10,440 SF
    • 1.05 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Apr 19, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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
    Neighborhood 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 valuation — 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
      $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
      $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
      $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

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      16,000 SF

      Freestanding Grocery Outlet Investment Property

      Single-tenant Grocery Outlet in Emmett, Idaho with a 15-year lease.
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    • $950,000
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      Emmett Main Street Commercial Gem

      Historic Building, High Potential, 6,719 sq ft
      102 Main St, Emmett, ID 83617
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    • $599,000
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      Emmett, ID Development Land

      Prime 0.95-acre commercial lot, high visibility.
      2360 Sub Station Rd, Emmett, ID 83617
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    • $122,000
      1,196 SF

      2019 Fleetwood Manufactured Home

      Three-bedroom, two-bath manufactured home with open floor plan.
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    • $495,000

      Emmett Retail Pad For Sale

      Retail pad ready for development with high traffic count.
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      Emmett Land with Mountain Views

      One-acre lot in Whiteley Meadows subdivision with utilities.
      16 Blake Rd, Emmett, ID 83617
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    Similar Nearby for Lease

    • $15 SF/Yr
      10,400 SF

      Retail Spaces For Lease

      Retail spaces available for lease with excellent highway visibility.
      620 Highway 16, Emmett, ID 83617
      View Details
    • $15 SF/Yr
      10,400 SF

      Emmett Retail Center - Highway 16

      High-traffic retail space, ample parking.
      620 Id-16, Emmett, ID 83617
      View Details
    • Contact for pricing
      479,160 SF

      Longhorn Station Land Lease

      Emmett, ID commercial land, prime location
      0 Id-16, Emmett, ID 83617
      View Details
    • $1.15 SF/Yr

      Downtown Emmett Commercial Flex Space

      Premier flex space for lease in downtown Emmett.
      Commercial Flex Space 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
    • Contact for pricing
      27,878 SF

      Emmett Commercial Land - Highway 16

      High-exposure 1-acre commercial lot. Prime location.
      2010 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
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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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