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    3245 S Locust Grove Rd Meridian, ID 83642

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    For Sale
    $1,499,000

    Approved residential development land near future retail and I-84.

    Property size:
    6 SF
    Lot size:
    6.16 Acres

    Property Features for 3245 S Locust Grove Rd

    General Information

    Size
    6 SF
    Lot size
    6.16 Acres

    Source: Riley Wiedmeier, MBA Agent Riley Wiedmeier, MBA

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

    Overview

    Meridian Residential Development Opportunity

    This approved residential development opportunity is located in Meridian, Idaho. Zoned R-8, the 6-acre property is positioned near new developments and is suitable for land or multifamily investors. Future retail establishments, including Costco and Winco, are planned in close proximity. Commute times are facilitated by the property's location, which is a 5-minute drive from I-84. The property is adjacent to Tuscany Village and Teakwood Village. The location is central and surrounded by growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3750784
    Latitude
    43.5752736

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    FAQs

    What type of property is this?
    Land - Approved residential development land near future retail and I-84.
    Where is this land located?
    The property is located at 3245 S Locust Grove Rd Meridian, ID.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Fully entitled residential development land in Meridian, Idaho.; - Prime location surrounded by new developments and future retail establishments.; - Zoned R-8, suitable for multifamily development.
    (208) 954-2229
    Request Owner's contact information
    3245 S Locust Grove 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
    3245 S Locust Grove Rd Meridian, ID 83642
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