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

    640 Hwy 16 Emmett, ID 83617-9427

    • Grocery and convenience stores
    • 51,318 SF
    • 5.51 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2025
    Value Estimations
    $8,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0914050
    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 and convenience stores

    Property Details for 640 Hwy 16

    Year built
    2003
    Lot size
    5.51 lot acres
    Property size
    51,318 SF
    Property type
    Grocery and convenience stores
    APN
    RPE9025B001050A
    APU
    RPE9025B001050A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,240,000
      6.5%
      $9,450,000
      7%
      $8,775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,006,000
      Market price range: $2.15M - $7.01M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,575,000
      AUTO REPAIR, GARAGE
      $5,810,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Emmett
    County
    Gem
    State
    Idaho
    Longitude
    -116.491
    Latitude
    43.8622
    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
    $38,844
    $251,729
    $4,297,037
    $4,548,766
    -
    $251,729
    $4,297,037
    $4,548,766

    Comparable in this City

    • Value Estimation by Request
      2,102 SF

      702 Washington Ave

      CONVENIENCE STORE • 2,102 SF
      702 Washington Ave, Emmett, ID 83617-3527
      View Details
    • Value Estimation by Request
      2,024 SF

      630 Hwy 16

      CONVENIENCE STORE • 2,024 SF
      630 Hwy 16, Emmett, ID 83617-9427
      View Details
    • Value Estimation by Request
      1,600 SF

      110 Hwy 52

      CONVENIENCE STORE • 1,600 SF
      110 Hwy 52, Emmett, ID 83617-9737
      View Details
    • Value Estimation
      $570,000
      3,820 SF

      1600 Washington Ave

      CONVENIENCE STORE • 3,820 SF
      1600 Washington Ave, Emmett, ID 83617
      View Details
    • Value Estimation by Request
      1,372 SF

      317 Washington Ave

      CONVENIENCE STORE • 1,372 SF
      317 Washington Ave, Emmett, ID 83617-2951
      View Details
    • Value Estimation
      $605,000
      4,186 SF

      1515 Main St

      CONVENIENCE STORE • 4,186 SF
      1515 Main St, Emmett, ID 83617-3217
      View Details

    Similar Nearby for Sale

    • $6,490,909
      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
    • $599,000
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      Emmett, ID Development Land

      Prime 0.95-acre commercial lot, high visibility.
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    • $950,000
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      Three-bedroom, two-bath manufactured home with open floor plan.
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      Emmett Retail Pad For Sale

      Retail pad ready for development with high traffic count.
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      1.17 acre lot with views, no HOA.
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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
      90.4k
    • Visitors by month
      26.8k
    • Avg Time on site
      19 min
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    640 Hwy 16
    Emmett, ID 83617-9427
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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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