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    40 Franklin Rd Meridian, ID 83642

    Sponsored
    For Sale
    $980,000

    Five-unit office building, high upside, low price/sqft.

    Property size:
    7,487 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 7,487 square foot office building, situated on a 0.49-acre lot at 40 W Franklin Rd in the heart of Meridian, Idaho, presents a compelling investment opportunity. Currently configured as five individual units, each with its own restroom and separate entry, the property offers significant flexibility. The existing layout allows for immediate income generation from the fully leased units, with the potential to increase rental income by raising rents to current market rates. Longstanding tenants provide stability and a strong foundation for future growth. Alternatively, the building's design allows for expansion to eight units, further enhancing rental revenue potential. The current owner occupies a portion of the building, showcasing its suitability for owner-occupancy. A comprehensive remodel could unlock even greater rental income, transforming this asset into a high-yielding investment. This property boasts one of the lowest price-per-square-foot values currently available on the market, making it an exceptionally attractive acquisition for discerning investors seeking immediate returns and substantial long-term growth. The prime Meridian location ensures strong tenant demand and continued appreciation. This is a rare opportunity to acquire a well-positioned, versatile commercial property with significant upside potential. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

    Property Features for 40 Franklin Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,487 SF
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1937
    Property Profile Location Intelligence

    Current Use by Public Records

    Balancing Kneads Massage Therapist E Z TRANSPORT ... Transportation Service Meridian Developmental Services Doctor Angelia Thorne Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3948
    Latitude
    43.60504

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit office building, high upside, low price/sqft.
    Where is this commercial real estate located?
    The property is located at 40 Franklin Rd Meridian, ID.
    What is the asking price?
    The asking price for this property is $980,000.
    (888) 506-2234
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    40 Franklin Rd Meridian, ID 83642
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    Realmo Value Estimation

    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.

    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.

    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
    40 Franklin Rd Meridian, ID 83642
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