Office Suite with Shared
2490 N Locust Grove, Meridian, ID 83646
For Sale
$849,000
A private workspace is complemented by shared common areas, on-site parking, and an ADA-accessible ramp.
Property Size2,656 SF
Price / SF$319.65
Days on Market47
Property Features for 2490 N Locust Grove
General Information
Standard status
Size
Additional Details
Highway Access
Amenities
reception/waiting areas
conference space
break room facilities
restrooms
monument signage
ADA-accessible ramp access
Building Details
Year Built
Listing Agency:
Point Realty LLC
Listed By:
Kristina Cleaver · License ID SP39375
(208) 830-1204
Source:
Truenorthrealestategroupllc
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 7 at 3:51PM
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 Point Realty LLC
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Investment Insights
Based on property information with market context.
This office suite provides dedicated private office space alongside shared common areas. The building, constructed in 1954, has on-site parking, designated accessible parking, and ramp access for people with disabilities. Monument signage is also present at the property.
The suite is at 2490 N Locust Grove in Meridian, Idaho, with access to I-84 and nearby retail, dining, and service businesses. Its shared-area configuration combines private office space with common areas at the property.
The suite is at 2490 N Locust Grove in Meridian, Idaho, with access to I-84 and nearby retail, dining, and service businesses. Its shared-area configuration combines private office space with common areas at the property.
Key Highlights
- Dedicated private office space with access to shared common areas
- On‑site parking, including designated accessible parking
- ADA‑accessible ramp access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,916
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,320
$778.3K
Cap Rate 7%
$555,943
$555.9K
Cap Rate 9%
$432,400
$432.4K
Market Conditions
NOI Build-Up for 2,656 SF
Gross rent
$59.0K $22.20/SF
− Vacancy
−$7.1K −$2.66/SF
EGI
$51.9K $19.54/SF
− OpEx
−$13.0K −$4.88/SF
NOI
$38.9K $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%
$778,320
Cap Rate 7%
$555,943
Cap Rate 9%
$432,400
Alternative Uses
Best Use
Office B
$555.9K
$486.5K – $648.6K
NOI $38,916 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.9K
$613.3K – $817.7K
NOI $49,064 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
447
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
$488,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A private workspace is complemented by shared common areas, on-site parking, and an ADA-accessible ramp.
Where is this office unit located?
The property is located at 2490 N Locust Grove Meridian, ID.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Dedicated private office space with access to shared common areas; On‑site parking, including designated accessible parking; ADA‑accessible ramp access
