Medical Office
For Sale
$575,000
1430 W Ustick Rd Ste 100, Meridian, ID 83646
Efficient professional suite with private offices, reception, conference, break, and restroom areas.
Property Size1,161 SF
Days on Market48
Property Features for 1430 W Ustick Rd Ste 100
General Information
Standard status
Active
Size
1,161 SF
Property subtype
Office Condo
Net Operating Income
$36,000
Building Details
Building Size
1,161 SF
Year Built
2022
Listing Agency:
TOK Commercial
Listed By:
Kekaula Kaniho
(208) 280-3130
Source:
Tokcommercial
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 5 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TOK Commercial
Investment Insights
Based on property information with market context.
Suite 100 is a 1,161-square-foot office condominium completed in 2022. The interior includes multiple private offices, a conference room, reception area, break room, and restroom, creating a practical configuration for medical or professional use.
The property is located at 1430 W Ustick Rd in Meridian, at the signalized intersection of Ustick Rd and Linder Rd. Closing includes a 12-month absolute NNN leaseback with Elevate Healthcare, which is responsible for operating expenses. The arrangement also preserves future owner-user potential after the leaseback term.
The property is located at 1430 W Ustick Rd in Meridian, at the signalized intersection of Ustick Rd and Linder Rd. Closing includes a 12-month absolute NNN leaseback with Elevate Healthcare, which is responsible for operating expenses. The arrangement also preserves future owner-user potential after the leaseback term.
Key Highlights
- 1,161 SF office condominium in Suite 100
- Built in 2022
- 12‑month absolute NNN leaseback at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,011
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,220
$340.2K
Cap Rate 7%
$243,014
$243.0K
Cap Rate 9%
$189,011
$189.0K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$25.8K $22.20/SF
− Vacancy
−$3.1K −$2.66/SF
EGI
$22.7K $19.54/SF
− OpEx
−$5.7K −$4.88/SF
NOI
$17.0K $14.65/SF
Area
Meridian, ID
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,220
Cap Rate 7%
$243,014
Cap Rate 9%
$189,011
Alternative Uses
Best Use
Office B
$243.0K
$212.6K – $283.5K
NOI $17,011 @ 7.0% cap · market cap 2.96%
Second Best
Healthcare Medical
$224.5K
$196.4K – $261.9K
NOI $15,715 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$306.4K
$268.1K – $357.5K
NOI $21,447 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 83646, ID
69,818
Population
26,829
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
2,557
Density / Sq Mi
$101,040
Median Household Income
$47,397
Median Earnings
$1,814
Median Rent
$488,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Efficient professional suite with private offices, reception, conference, break, and restroom areas.
Where is this office units located?
The property is located at 1430 W Ustick Rd Ste 100 Meridian, ID.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,161 SF office condominium in Suite 100; Built in 2022; 12‑month absolute NNN leaseback at closing
