Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Meridian Retail/Office/Warehouse Building For Sale Title is generated by Realmo AI

    1786 S Topaz Way, Meridian, ID 83642

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,995,000

    Versatile 22,432 SF building in Meridian's Silverstone Corporate Center.

    Type:Retail
    Property size:
    22,432 SF
    Price / SF:
    $222/SF
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 10:58 pm

    Property Features for 1786 S Topaz Way

    General Information

    Standard status
    Active
    Size
    22,432 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Mike Erkmann, CCIM

    Listing agent Mike Erkmann, CCIM License #ID DB26711

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Mike Erkmann, CCIM

    HighLights

    • Prime location in Meridian, Idaho, near Eagle Rd. and I‑84 exit.
    • Versatile C‑G zoning suitable for Retail/Street Retail investors.
    • Modern ±22,432 SF building constructed in 2008.
    • Includes ±11,932 SF of showroom and office space, ±2,800 SF of mezzanine office space, and ±7,700 SF of warehouse space.
    • Warehouse features (1) dock high and (1) grade level door.
    • Flexible floorplan design.

    Overview

    Located in Meridian, Idaho, this building offers an investment opportunity for Retail/Street Retail investors. Constructed in 2008, the property is situated within the C-G zoning district. The building provides a versatile space for entrepreneurial endeavors. The property has a total area of approximately 22,432 square feet, including approximately 11,932 square feet of showroom and office space, approximately 2,800 square feet of mezzanine office space, and approximately 7,700 square feet of warehouse space. The warehouse is accessible via one dock-high door and one grade-level door. The building's construction allows for flexible floorplan design. The property was formerly a residential construction design center. Multiple access points into the business park allow for ease of access. It is conveniently located within 0.5 miles of the Eagle Road and I-84 exit and is surrounded by hotels, entertainment options, and restaurants.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $3.65M
    NOI $328,674 @ 9.00% cap · cautious / downside scenario
    Moderate
    $4.70M
    NOI $328,674 @ 7.00% cap · market / base-case scenario
    Aggressive
    $6.57M
    NOI $328,674 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $498.0k $22.20
    − Vacancy −$59.8k −$2.66
    EGI $438.2k $19.54
    − OpEx −$109.6k −$4.88
    NOI $328.7k $14.65
    22,432 SF · lease $22.20/SF/yr · vacancy 12.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $4.70M
    $4.11M – $5.48M (±1% cap)
    NOI $328,674 @ 7.0% cap · market cap 6.58%
    Second Best
    Retail
    $4.57M
    $4.00M – $5.33M (±1% cap)
    NOI $319,839 @ 7.0% cap · market cap 6.40%
    Theoretical Best
    Office A
    $5.92M
    $5.18M – $6.91M (±1% cap)
    NOI $414,382 @ 7.0% cap · market cap 8.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Design Innovations By ... Interior Design 1786 S Topaz ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm 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
    -116.346
    Latitude
    43.5884

    Nearby Similar for Sale

    • $995,000
      4,232 SF

      Meridian Fourplex with Strong Unit

      Well-maintained Meridian fourplex with diverse unit mix and covered parking.
      119-125 E King St, Meridian, ID 83642
      View Details
    • $426,000
      1,891 SF

      Single-Level Townhome in Meridian, ID

      Single-level townhome with spacious great room and covered patio.
      1849 E Horse Creek Ct, Meridian, ID 83642
      View Details
    • $674,900
      3,072 SF

      Meridian Triplex in Downtown Area

      Well-maintained triplex in downtown Meridian with fully fenced backyards.
      918 NW 4th St, Meridian, ID 83646-2186
      View Details
    • $2,290,000
      4,975 SF

      Freeway Visible Restaurant Opportunity

      Stand-alone restaurant with freeway visibility and immediate access.
      1565 S Meridian Rd, Meridian, ID 83642
      View Details
    • $600,000
      1,161 SF

      Meridian Office Condo For Sale

      1,161 SF office condo in North Meridian for sale.
      1430 W Ustick Rd, Meridian, ID 83646
      View Details
    • $627,500
      4,234 SF

      Free-Standing Retail/Flex Building

      4,234 SF retail/flex building in a prime Meridian location.
      650 East Fairview Avenue, Meridian, ID 83646
      View Details
    • $2,400,000
      3,317 SF

      Leased Valvoline Property on Eagle

      NNN leased Valvoline in Meridian, Idaho with strong demographics.
      1491 S Eagle Rd, Meridian, ID 83642
      View Details
    • $409,900
      1,620 SF

      Meridian ID Multi-Family Townhouse

      Townhouse with tenants, open floor plan, and spacious master suite.
      1653 E Horse Creek Ct, Meridian, ID 83642
      View Details
    • $3,500,000
      4,995 SF

      Meridian Medical Office Investment Opportunity

      Turnkey medical office investment in a rapidly growing market.
      5004 N Linder Rd, Meridian, ID 83646
      View Details
    • $30
      6,733 SF

      Meridian Office Building in Development

      New core and shell office building in growing Meridian location.
      2708 W Peak Cloud Ln, Meridian, ID 83642
      View Details
    • $3,500,000
      5 SF

      Meridian Industrial Property with Expansion Potential

      6,371 SF facility on 5+ acres in Meridian, Idaho.
      8797 South Meridian Road, Meridian, ID 83642
      View Details
    • $1,600,000
      3,500 SF

      New Office Building in Meridian

      3,500 SF office building in a high-growth North Meridian location.
      2102 W Everest Ln, Meridian, ID 83646
      View Details

    FAQs

    What type of property is this?
    Showroom - Versatile 22,432 SF building in Meridian's Silverstone Corporate Center.
    Where is this showroom located?
    The property is located at 1786 S Topaz Way Meridian, ID.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: Prime location in Meridian, Idaho, near Eagle Rd. and I‑84 exit.; Versatile C‑G zoning suitable for Retail/Street Retail investors.; Modern ±22,432 SF building constructed in 2008.
    (208) 229-6015
    We can help!
    Listing Contact
    Mike Erkmann, CCIM
    Real Estate License ID: ID DB26711
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1786 S Topaz Way, Meridian, ID 83642
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!