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    Commercial Development Land Title is generated by Realmo AI

    1315 Jade, Meridian, ID 83642

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    Claim this Listing
    For Sale
    $960,000

    LAND - Meridian, ID

    Lot size:
    0.96 Acres
    Added:
    Jan 2, 2025
    Days on Market:
    522
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 1315 Jade

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    R4626240100
    Lot size
    0.96 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 5 Blocj 1 Jewel Sub
    Tax Annual Amount
    1200

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Shirley Sterner

    Listing agent Shirley Sterner License #18701AB

    Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID

    Listing date Jan 2, 2025

    MLS# 98973144 Listing URL

    Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use development potential: Combines commercial, residential, and retail spaces.
    • Backs to Eagle View Business Park: Offers proximity to Top Golf, hotels, and other amenities.
    • Urban development opportunity: Ideal for creating a dynamic business hub or park.
    • Potential for condominiums: Upper levels suitable for modern residential units.
    • Fenced property: Provides security and privacy.
    • Water source: Well.

    Overview

    Offered for sale is 0.96 acres of commercial and industrial land at 1315 Jade in Meridian, ID. The property’s value is centered on flexible development use, with the public remarks describing concepts that combine commercial space with residential components, including the possibility of a business park, warehouses, or a retail-oriented development with residential units above.

    According to the listing, the site backs to Eagle View Business Park, which includes Top Golf and nearby hotels. This adjacency may support plans that benefit from proximity to established commercial amenities and a built-out business environment.

    For developers, investors, and entrepreneurs evaluating land in Meridian, this parcel offers a straightforward lot size for planning a new project footprint. The listing’s emphasis on mixed-use and business-focused development suggests it could be considered for teams looking to design a cohesive community-serving concept, potentially pairing day-to-day retail and services with space for business activity. All planning and permitting would be subject to applicable approvals and requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Real Estate Agency 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
    -116.3878
    Latitude
    43.5871

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    FAQs

    What type of property is this?
    Industrial land - Nearly one acre of development land positioned to complement an adjacent business park environment.
    Where is this industrial land located?
    The property is located at 1315 Jade Meridian, ID.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: Mixed‑use development potential: Combines commercial, residential, and retail spaces.; Backs to Eagle View Business Park: Offers proximity to Top Golf, hotels, and other amenities.; Urban development opportunity: Ideal for creating a dynamic business hub or park.
    (208) 494-4008
    We can help!
    Listing Contact
    Shirley Sterner
    Real Estate License ID: 18701AB
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    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.

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