Office Campus with Expansion
New
For Sale
$8,750,000
2145 E Pine Ave, Meridian, ID 83642
Built in 2011, the headquarters includes collaborative work areas, meeting facilities, and an outdoor patio.
Property Size38,222 SF
Lot Size6.91 Acres
Price / SF$228.93
Days on Market2
Property Features for 2145 E Pine Ave
General Information
Standard status
Active
Size
38,222 SF
Class
A
Lot size
6.91 Acres
Property subtype
Office
Zoning
C-G
Additional Details
Asking Price
$8,750,000
Amenities
kitchen
gathering areas
outdoor patio
Building Details
Building Size
38,222 SF
Year Built
2011
Listing Agency:
Lee & Associates Idaho
Listed By:
Trey Thomas · License #SP51767
(208) 340-3697
Source:
Lee-associates
Added: Oct 4
Last Checked: Oct 5 at 3:33PM
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 Lee & Associates Idaho
Investment Insights
Based on property information with market context.
At 2145 E Pine Ave in Meridian, this 38,222-square-foot office campus was built in 2011 and spans a two-parcel assemblage totaling 6.906 acres. The building includes executive offices, open work areas, conference and training rooms, a kitchen, gathering areas, and an outdoor patio. C-G zoning applies to the property.
Additional land is part of the assemblage and may support expansion or other development concepts subject to applicable approvals.
Additional land is part of the assemblage and may support expansion or other development concepts subject to applicable approvals.
Key Highlights
- 38,222 SF office campus built in 2011
- Two‑parcel assemblage totaling 6.906 acres
- Executive offices, open work areas, conference rooms, and training rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$560,029
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,200,580
$11.2M
Cap Rate 7%
$8,000,414
$8.0M
Cap Rate 9%
$6,222,544
$6.2M
Market Conditions
NOI Build-Up for 38,222 SF
Gross rent
$848.5K $22.20/SF
− Vacancy
−$101.8K −$2.66/SF
EGI
$746.7K $19.54/SF
− OpEx
−$186.7K −$4.88/SF
NOI
$560.0K $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%
$11,200,580
Cap Rate 7%
$8,000,414
Cap Rate 9%
$6,222,544
Alternative Uses
Best Use
Office B
$8.00M
$7.00M – $9.33M
NOI $560,029 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.09M
$8.83M – $11.77M
NOI $706,067 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
675
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Built in 2011, the headquarters includes collaborative work areas, meeting facilities, and an outdoor patio.
Where is this office building located?
The property is located at 2145 E Pine Ave Meridian, ID.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 38,222 SF office campus built in 2011; Two‑parcel assemblage totaling 6.906 acres; Executive offices, open work areas, conference rooms, and training rooms
