Signalized-Corner Retail
For Sale
Contact for pricing
111 N Main St, Meridian, ID 83642
Leased through April 30, 2028, with no tenant renewal options stated.
Property Size2,668 SF
Price / SF$412.29
Days on Market160
Property Features for 111 N Main St
General Information
Standard status
Active
Size
2,668 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Redevelopment
Net Operating Income
$50,820
Building Details
Tenancy
Single
Listing Agency:
Goldman Ryden
(208) 472-2847
Listed By:
Matt Ryden · License #SP55166
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 10:25AM
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 Goldman Ryden
Investment Insights
Based on property information with market context.
This 2,668-square-foot retail storefront is positioned at 111 N Main St in Meridian, Idaho. The property occupies a signalized hard corner within an active commercial corridor and is currently leased through April 30, 2028.
The lease provides an in-place occupant while leaving future flexibility after expiration. No tenant renewal options are stated. The property is part of the Boise MSA and is surrounded by ongoing commercial and residential development.
The lease provides an in-place occupant while leaving future flexibility after expiration. No tenant renewal options are stated. The property is part of the Boise MSA and is surrounded by ongoing commercial and residential development.
Key Highlights
- 2,668‑square‑foot retail storefront
- Signalized hard‑corner position at 111 N Main St
- Current lease runs through April 30, 2028
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,041
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$760,820
$760.8K
Cap Rate 7%
$543,443
$543.4K
Cap Rate 9%
$422,678
$422.7K
Market Conditions
NOI Build-Up for 2,668 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.6K $21.60/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$54.3K $20.37/SF
− OpEx
−$16.3K −$6.11/SF
NOI
$38.0K $14.26/SF
Area
Meridian, ID
Vacancy
5.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$760,820
Cap Rate 7%
$543,443
Cap Rate 9%
$422,678
Alternative Uses
Best Use
Retail
$543.4K
$475.5K – $634.0K
NOI $38,041 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.1K
$616.1K – $821.4K
NOI $49,285 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
153k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 26%
Apparel 5%
Electronics 3%
McDonald's
Dining
35,258 visits/mo
0.5 miles
Taco Bell
Dining
16,923 visits/mo
0.4 miles
Wendy's
Dining
15,550 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
14,630 visits/mo
0.0 miles
Chevron
Shops & Services
11,287 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- The Floral Cottage — Meridian, ID 83642
- The Flower Place — 930 N Main St, Meridian, ID 83642
Frequently Asked Questions
What type of property is this?
Storefront property - Leased through April 30, 2028, with no tenant renewal options stated.
Where is this storefront property located?
The property is located at 111 N Main St Meridian, ID.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,668‑square‑foot retail storefront; Signalized hard‑corner position at 111 N Main St; Current lease runs through April 30, 2028
