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Meridian Class A Office Space

1120 S Rackham Way, Meridian, ID 83642

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Class A office building in a rapidly growing economic market.

Type:Office

Property size:

73,080 SF

Price / SF:

$279/SF

HighLights

Located in Meridian, one of Idaho's fastest‑growing cities with a strong economic market.
Strong population growth in Meridian (18.6% since 2020).
High median household income in Meridian (±$142,982).
Strategic location driven by technology and healthcare sectors.
Boise is emerging as a tech hub, attracting startups and remote workers.
Property built in 2021.

We can help!

Contact an agent

Kurt Gregg

For Sale

Contact for pricing

Class A office building in a rapidly growing economic market.

Type:Office

Property size:

73,080 SF

Price / SF:

$279/SF

Added:: Feb 2, 2026
Days on Market:: 145
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 1120 S Rackham Way

General Information

Standard status: Active
Size: 73,080 SF
Property subtype: Office

Building Details

Year Built: 2021

We can help!

Contact an agent

Kurt Gregg

Listing office CBRE - Boise

Listing date Feb 2, 2026

Source Crexi

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 CBRE - Boise

HighLights

Located in Meridian, one of Idaho's fastest‑growing cities with a strong economic market.
Strong population growth in Meridian (18.6% since 2020).
High median household income in Meridian (±$142,982).
Strategic location driven by technology and healthcare sectors.
Boise is emerging as a tech hub, attracting startups and remote workers.
Property built in 2021.

Overview

This Class A office space is located in Meridian, one of Idaho’s fastest-growing cities. The city exhibits strong economic fundamentals that drive robust demand for this type of space. The population of Meridian was approximately 139,740 as of July 2024, reflecting an 18.6% increase since 2020, with an annual growth rate of approximately 3.3%. Ada County has experienced substantial growth, increasing by 85% from 2000 to 2024, with Meridian accounting for 25.6% of the county’s population. The median household income is approximately $142,982, with approximately 2.6 occupants per household. The property benefits from a strategic location and economic drivers in the technology and healthcare sectors. Boise is emerging as a tech hub, attracting startups and remote workers. Rapid population growth supports healthcare systems and professional firms, increasing office requirements. The property encompasses a total area of 73,080 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.62M	$22.20
− Vacancy	−$194.7k	−$2.66
EGI	$1.43M	$19.54
− OpEx	−$356.9k	−$4.88
NOI	$1.07M	$14.65

73,080 SF · lease $22.20/SF/yr · vacancy 12.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$15.30M

$13.38M – $17.85M (±1% cap)

NOI $1,070,768 @ 7.0% cap · market cap 5.24%

Second Best

—

no second resolved use

Theoretical Best

Office A

$19.29M

$16.87M – $22.50M (±1% cap)

NOI $1,349,992 @ 7.0% cap · market cap 6.60%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Meridian
County: Ada
State: Idaho
Longitude: -116.412
Latitude: 43.6053

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For sale
Office buildings
ID
Meridian
83642
1120 S Rackham Way

What type of property is this?

Office building - Class A office building in a rapidly growing economic market.

Where is this office building located?

The property is located at 1120 S Rackham Way Meridian, ID.

What is the asking price?

The asking price for this property is $20,444,000.

What are key features of this property?

This property features: Located in Meridian, one of Idaho's fastest‑growing cities with a strong economic market.; Strong population growth in Meridian (18.6% since 2020).; High median household income in Meridian (±$142,982).