Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    46 E Pine Ave Meridian, ID 83642

    View on Map
    Sponsored
    For Lease
    $276 SF/Yr

    COMMERCIAL - Meridian, ID

    Property size:
    1,684 SF
    Lot size:
    0.21 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 28 at 11:06 am

    Property Features for 46 E Pine Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    R6129000045
    Parking
    5
    Size
    1,684 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1910
    Building materials
    Frame

    We can help!

    Listing Contact
    Michelle Bailey
    Michelle Bailey

    Keller Williams Realty Boise

    Listing agent Michelle Bailey License #AB33956

    Listing date Mar 27, 2026

    MLS# 98979676

    Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Meridian Office Space For Rent

    This office space is located in Meridian. The property offers three large, private office spaces, a centralized meeting and gathering space that can also serve as additional desk space, and a kitchen area. It provides parking and alley access. The location is near the freeway and central Meridian amenities. The property includes private parking, street parking, and an open garage for storage. The lot size is 0.21 acres, and the property size is 1684 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Feller & Wendt, LLC ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.392362
    Latitude
    43.612189

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      ID, Meridian - W Overland Road

      Discover many ways to work your way in ID, Meridian - W Overland Road
      943 Overland Rd 1Rst, Meridian, ID 83642
      View Details
    • Contact for pricing

      ID, Meridian - The Village at Meridian

      Discover many ways to work your way in Lynnhaven
      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $160,056
      12,312 SF

      Meridian Commercial Space For Lease

      Spacious commercial space suitable for retail, office, or service operations.
      205 E Watertower St, Meridian, ID 83642
      View Details
    • $176,000
      8,000 SF

      Meridian Office/Medical Space For Rent

      8,000 sq ft Meridian office or medical space for rent.
      965 E Ustick Rd, Meridian, ID 83646
      View Details
    • New
      Contact for pricing

      Meridian Industrial/Flex Space Available

      Functional industrial/flex suite in a prime Meridian location.
      1763 W Marcon Ln, Meridian, ID 83642
      View Details
    • Contact for pricing

      High-Traffic Meridian Crossroads Retail Space

      Large shopping center at Idaho's busiest intersection.
      3355 East Fairview Ave, Meridian, ID 83642
      View Details
    • $0.92 SF/Yr
      5,010 SF

      Modern Industrial Space in Meridian

      5,010 SF industrial space for lease in Meridian, Idaho.
      88 North Touchmark Way, Meridian, ID 83642
      View Details
    • Contact for pricing

      Prime Meridian Location with Visibility

      High-visibility Meridian location near The Village, ideal for retail/office.
      1441 N Eagle Rd, Meridian, ID 83642
      View Details
    • Contact for pricing

      Premier Office Space at Meridian Village

      Luxurious office spaces in Idaho's premier shopping and entertainment destination.
      3597 E Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $27 SF/Yr
      5,904 SF

      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
      2847 N Eagle Rd, Meridian, ID 83646
      View Details
    • $50 SF/Yr

      New Retail Building with Drive-Through

      Newly constructed retail building with drive-through, ideal for financial services.
      3103 W Milano Dr, Meridian, ID 83646
      View Details
    • New
      Contact for pricing
      2,450 SF

      Retail-Office Condo in Meridian

      Retail-office condo available for lease in Meridian, Idaho.
      1446-1494 W Ustick Rd, Meridian, ID 83646
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in central Meridian with parking and alley access.
    Where is this office units located?
    The property is located at 46 E Pine Ave Meridian, ID.
    What is the lease rate?
    The lease rate is $276 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Meridian.; - Three large, private office spaces.; - Centralized meeting/gathering space or additional desk space.
    (208) 672-9000
    Request Owner's contact information
    46 E Pine Ave Meridian, ID 83642
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 E Pine Ave
    Meridian, ID 83642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    46 E Pine Ave Meridian, ID 83642
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michelle Bailey
    Michelle Bailey
    Real Estate License ID: AB33956
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!