Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2041 S Cobalt Point Way Meridian, ID 83642

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $23 SF/Yr

    Office space available for lease in Meridian, Idaho.

    Property size:
    56,936 SF
    Lot size:
    4.52 Acres

    Property Features for 2041 S Cobalt Point Way

    General Information

    Size
    56,936 SF
    Lot size
    4.52 Acres

    We can help!

    Listing Contact
    Charlene VanOstrand
    Source: Moodyscre

    Listing Agency: The Sundance Company Listing Agent: Charlene VanOstrand

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

    Learn more

    Overview

    Meridian Office Space For Rent

    This office space, located in Meridian, Idaho, offers 56,936 square feet. Demise options down to 4,000 rentable square feet may be available. Additional properties in the immediate area are also owned by Sundance.
    Location Intelligence

    Current Use by Public Records

    Boston Aaron Engineer

    Suggested Use

    Restaurant Law Firm Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3487318
    Latitude
    43.5862594

    Nearby Similar for Lease

    • Contact for pricing

      Premier Office Space at Meridian Village

      Luxurious office spaces in Idaho's premier shopping and entertainment destination.
      3597 E Monarch Sky Ln, Meridian, ID 83646
      View Details
    • Contact for pricing
      527,397 SF

      High-Traffic Retail Space in Meridian

      Large shopping center at Idaho's busiest intersection.
      3355 East Fairview Ave, Meridian, ID 83642
      View Details
    • $27 SF/Yr
      5,904 SF

      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
      2847 N Eagle Rd, Meridian, ID 83646
      View Details
    • Contact for pricing
      1,972 SF

      Meridian Mixed-Use Building Suites

      Suites available in a mixed-use building in Meridian, Idaho.
      3233 W Pine Ave, Meridian, ID 83642
      View Details
    • $20 SF/Yr
      10,090 SF

      Prime Meridian Retail/Office Space

      Versatile space in high-traffic Meridian location, ideal for retail/office.
      2498 East Fairview Ave, Meridian, ID 83646
      View Details
    • $54 SF/Yr
      4,860 SF

      Meridian Turnkey Medical Clinic

      Fully built-out medical clinic in South Meridian's growth corridor.
      Turnkey Medical Clinic For Lease, Meridian, ID 83642
      View Details
    • Contact for pricing
      4,167 SF

      Meridian Retail Space with Drive-Through

      Former coffee & retail space with drive-through on Eagle Road.
      1630 S Eagle Rd, Meridian, ID 83642
      View Details
    • Contact for pricing
      14,870 SF

      Meridian Office Space For Rent

      Prime Meridian office space with high visibility and modern amenities.
      1441 N Eagle Rd, Meridian, ID 83642
      View Details
    • $16 SF/Yr

      Retail Spaces in Cherry Plaza

      Retail spaces for lease in a busy, anchored shopping center.
      44 E Fairview Ave, Meridian, ID 83642
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Meridian, Idaho

      Retail space available in redeveloped shopping center with strong synergy.
      1600 N Main St, Meridian, ID 83642
      View Details
    • $16 SF/Yr
      30,183 SF

      Class A Meridian Office Building

      Well-maintained office building with flexible layout and robust connectivity.
      2950 E Goldstone Dr, Meridian, ID 83642
      View Details
    • Contact for pricing
      12,393 SF

      Premier Light Industrial Flex Space

      Architecturally refined flex spaces designed for business, collection, or personal retreat.
      3915 N Ten Mile Rd, Meridian, ID 83646
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Meridian, Idaho.
    Where is this office space located?
    The property is located at 2041 S Cobalt Point Way Meridian, ID.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Potential for downsizing options.; - Space available down to 4,000 RSF.; - Other similar properties owned by Sundance.
    (208) 850-2116
    Request Owner's contact information
    2041 S Cobalt Point Way Meridian, ID 83642
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2041 S Cobalt Point Way
    Meridian, ID 83642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2041 S Cobalt Point Way Meridian, ID 83642
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Charlene VanOstrand
    (208) 850-2116
    Learn more
    Google sign-in failed. Please try again or use another login method.