Office Unit with Road
For Sale
$795,000
10-2040 S Eagle Rd, Meridian, ID 83642
Located along S Eagle Road in Meridian, Idaho, the unit offers a commercial office setting with direct roadway exposure.
Property Size1,759 SF
Price / SF$451.96
Days on Market63
Property Features for 10-2040 S Eagle Rd
General Information
Standard status
Active
Size
1,759 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,150
Listing Agency:
Coldwell Banker Tomlinson
(208) 336-3393
Listed By:
Rick Mcgraw · License #AB17400
(208) 880-8889
Source:
Exprealty
Added: Sep 4
Changed: Oct 31
Last Checked: Nov 4 at 7:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Tomlinson
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit comprises 1,759 SF within a commercial property at 10-2040 S Eagle Rd. The building has frontage along Eagle Road, providing a clear roadway-facing position for the office use.
Located in Meridian, Idaho, the property is positioned on S Eagle Road and offers a dedicated office setting within an office condominium format.
Located in Meridian, Idaho, the property is positioned on S Eagle Road and offers a dedicated office setting within an office condominium format.
Key Highlights
- 1,759 SF office unit
- Eagle Road frontage
- Office condominium at 10‑2040 S Eagle Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,773
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,460
$515.5K
Cap Rate 7%
$368,186
$368.2K
Cap Rate 9%
$286,367
$286.4K
Market Conditions
NOI Build-Up for 1,759 SF
Gross rent
$39.0K $22.20/SF
− Vacancy
−$4.7K −$2.66/SF
EGI
$34.4K $19.54/SF
− OpEx
−$8.6K −$4.88/SF
NOI
$25.8K $14.65/SF
Area
Meridian, ID
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,460
Cap Rate 7%
$368,186
Cap Rate 9%
$286,367
Alternative Uses
Best Use
Office B
$368.2K
$322.2K – $429.6K
NOI $25,773 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.2K
$406.2K – $541.6K
NOI $32,494 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 83642, ID
55,465
Population
22,700
Households
2.4
Avg Household Size
35
Median Age
44%
College-Educated
95%
High-School Grad
41.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$96,361
Median Household Income
$45,824
Median Earnings
$1,629
Median Rent
$492,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Located along S Eagle Road in Meridian, Idaho, the unit offers a commercial office setting with direct roadway exposure.
Where is this office unit located?
The property is located at 10-2040 S Eagle Rd Meridian, ID.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,759 SF office unit; Eagle Road frontage; Office condominium at 10‑2040 S Eagle Rd
