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    5020 W Franklin Rd Meridian, ID 83642

    For Sale
    $3,316,660

    Land with artesian well, convenient highway access for industrial operations.

    Property size:
    8 SF
    Lot size:
    8.46 Acres

    Property Features for 5020 W Franklin Rd

    General Information

    Size
    8 SF
    Lot size
    8.46 Acres

    Source: Norm Brown Agent Norm Brown

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

    Overview

    Meridian Land with Artesian Well

    This property, located at 5020 W Franklin Rd in Meridian, ID, presents an opportunity for land and industrial investors. The site features an artesian well with a flow rate of 500 gallons per minute and a water temperature of 55 degrees Fahrenheit, providing a reliable water source with positive pressure. The property is situated west of Black Cat Road and east of the future Highway 16 interchange and is close to the Ten Mile interchange, offering convenient access for industrial operations. The property is 8 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.4563606
    Latitude
    43.6051864

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    FAQs

    What type of property is this?
    Land - Land with artesian well, convenient highway access for industrial operations.
    Where is this land located?
    The property is located at 5020 W Franklin Rd Meridian, ID.
    What is the asking price?
    The asking price for this property is $3,316,660.
    What are key features of this property?
    This property features: - Artesian Well On Site: Reliable water source with 500 gallons per minute flow.; - Prime Location: Close to the Highway 16 extension.; - Convenient Access: Near the Ten Mile interchange.
    (208) 866-2450
    Request Owner's contact information
    5020 W Franklin Rd 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
    5020 W Franklin Rd Meridian, ID 83642
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