Office Condo with Road
2040 South Eagle Rd Unit 10, Meridian, ID 83642
For Sale
$795,000
Established in 2002 and positioned along South Eagle Road in Meridian.
Property Size1,759 SF
Price / SF$451.96
Days on Market61
Property Features for 2040 South Eagle Rd Unit 10
General Information
Standard status
Size
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Rick Mcgraw · License ID AB17400
(208) 880-8889
Source:
208doors
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 7 at 1:26PM
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 Coldwell Banker Tomlinson
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium is located at 2040 South Eagle Road, Unit 10, in Meridian, Idaho. The property carries an office-focused classification and fronts Eagle Road, providing a clearly identified commercial address along a named roadway. Constructed in 2002, the unit is part of an office condominium setting. The recorded property size is 1,759.
Key Highlights
- Office condominium at 2040 South Eagle Rd Unit 10
- Frontage along Eagle Road
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,773
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,460
$515.5K
Cap Rate 7%
$368,186
$368.2K
Cap Rate 9%
$286,367
$286.4K
Market Conditions
NOI Build-Up for 1,759 SF
Gross rent
$39.0K $22.20/SF
− Vacancy
−$4.7K −$2.66/SF
EGI
$34.4K $19.54/SF
− OpEx
−$8.6K −$4.88/SF
NOI
$25.8K $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%
$515,460
Cap Rate 7%
$368,186
Cap Rate 9%
$286,367
Alternative Uses
Best Use
Office B
$368.2K
$322.2K – $429.6K
NOI $25,773 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.2K
$406.2K – $541.6K
NOI $32,494 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 83642, ID
55,465
Population
22,700
Households
2.4
Avg Household Size
35
Median Age
44%
College-Educated
95%
High-School Grad
41.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$96,361
Median Household Income
$45,824
Median Earnings
$1,629
Median Rent
$492,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Ada County, ID
Properties on Market for Office Units in Ada County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Established in 2002 and positioned along South Eagle Road in Meridian.
Where is this office unit located?
The property is located at 2040 South Eagle Rd Unit 10 Meridian, ID.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Office condominium at 2040 South Eagle Rd Unit 10; Frontage along Eagle Road; Built in 2002
