Multi-Building Retail Office
1505 N Main St Meridian, ID 83642
1505 N Main St, Meridian, ID, 83642
$875,000
Pending
For Sale
$875,000
Pending
Two-building site with C-C zoning, ample parking, and monument signage, offering flexible retail or office use.
Property Size2,417 SF
Lot Size0.53 Acres
Days on Market92
Property Features for 1505 N Main St
General Information
- Standard status
- Pending
- Size
- 2,417 SF
- Lot size
- 0.53 Acres
Listing agency
TOK Commercial
(208) 947-0869
Listed by
Mike Ballantyne
(208) 947-0869
Source
Exprealty
Added: Apr 23 Updated: Jul 22 at 11:57PM Checked: Jul 22 at 11:57PM
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.
This for-sale commercial property consists of two existing buildings totaling 2,417 SF on a 0.53-acre infill site. The layout supports immediate occupancy for retail or office users, with the added option to pursue long-term redevelopment depending on project goals.
The site is located at 1505 N Main Street in Meridian, Idaho. It features C-C (Community Business) zoning and ample parking, and the property includes monument signage for visibility.
Also available for lease and build-to-suit, the offering provides flexibility for users seeking an existing space or a tailored development approach within the established site footprint.
The site is located at 1505 N Main Street in Meridian, Idaho. It features C-C (Community Business) zoning and ample parking, and the property includes monument signage for visibility.
Also available for lease and build-to-suit, the offering provides flexibility for users seeking an existing space or a tailored development approach within the established site footprint.
Key Highlights
- Two‑building commercial site at 1505 N Main Street in Meridian with 2,417 SF total building area
- 0.53‑acre infill lot in the heart of Meridian
- C‑C (Community Business) zoning supporting a range of commercial uses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.7k | $22.20 |
| − Vacancy | −$6.4k | −$2.66 |
| EGI | $47.2k | $19.54 |
| − OpEx | −$11.8k | −$4.88 |
| NOI | $35.4k | $14.65 |
2,417 SF · lease $22.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$505.9K
$442.7K – $590.2K
NOI $35,414 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$492.3K
$430.8K – $574.4K
NOI $34,462 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$637.8K
$558.1K – $744.2K
NOI $44,649 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Fancy Floral — 412 E Fairview Ave, Meridian, ID 83646
- Albertsons Floral — 20 E Fairview Ave, Meridian, ID 83642
- The Floral Cottage — Meridian, ID 83642
- The Flower Place — 930 N Main St, Meridian, ID 83642
FAQs
What type of property is this?
Storefront property - Two-building site with C-C zoning, ample parking, and monument signage, offering flexible retail or office use.
Where is this storefront property located?
The property is located at 1505 N Main St Meridian, ID.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑building commercial site at 1505 N Main Street in Meridian with 2,417 SF total building area; 0.53‑acre infill lot in the heart of Meridian; C‑C (Community Business) zoning supporting a range of commercial uses
