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    1135 N Hickory Ave Meridian, ID 83642

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    For Sale
    $31,900,000

    Multitenant industrial building in North Meridian, 100% occupied.

    Property size:
    207,060 SF
    Lot size:
    9.88 Acres

    Property Features for 1135 N Hickory Ave

    General Information

    Size
    207,060 SF
    Lot size
    9.88 Acres

    Source: Chris Pearson, SIOR Agent Chris Pearson, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newer Construction Industrial Investment Opportunity

    This newer construction multitenant industrial investment in North Meridian is 100% occupied with five stable tenants and consistent 3% annual rent escalations. The building is exceptionally well maintained and features five 12’ x 14’ grade-level doors, with three on the north elevation and two on the east elevation, as well as fifteen dock doors with a 4’-0” dock elevation and manual lift levelers. The property offers accessibility through signalized intersections at Eagle Road and Pine Avenue, and Fairview Avenue and Hickory Avenue, and is located four minutes from I-84. Situated off a major Treasure Valley corridor near retailers, services, and employers, this North Meridian industrial asset offers stability and investment strength. The property is located near State Avenue and Hickory Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Kitchen at The Flying Pickle Sports Bar Sticker Studio Vinyl Sign Shop K1 Speed - Indoor ... Restaurant K1 Speed Tourist Attraction Sawtooth Concepts Commercial Refrigerator Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3633662
    Latitude
    43.6152582

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    FAQs

    What type of property is this?
    Distribution center - Multitenant industrial building in North Meridian, 100% occupied.
    Where is this distribution center located?
    The property is located at 1135 N Hickory Ave Meridian, ID.
    What is the asking price?
    The asking price for this property is $31,900,000.
    What are key features of this property?
    This property features: - 100% occupancy with five stable tenants and 3% annual rent escalations.; - Premier-quality, newer construction and well-maintained building.; - Excellent accessibility via signalized intersections and proximity to I-84 (4 minutes).
    (208) 947-0859
    Request Owner's contact information
    1135 N Hickory Ave Meridian, ID 83642
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    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
    1135 N Hickory Ave Meridian, ID 83642
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