Standalone Professional Office
New
For Sale
$1,814,000
2548 N Stokesberry Pl, Meridian, ID 83646
The interior includes private offices, shared restrooms, and a conference room on the second floor.
Property Size4,535 SF
Price / SF$400
Days on Market2
Property Features for 2548 N Stokesberry Pl
General Information
Standard status
Active
Size
4,535 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
conference room
Building Details
Building Size
4,535 SF
Year Built
2007
Buildings
1
Listing Agency:
Lee & Associates Idaho
Listed By:
Parker Brakebill
(208) 995-9823
Source:
Lee-associates
Added: Nov 4
Last Checked: Nov 4 at 2:52PM
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
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Investment Insights
Based on property information with market context.
Built in 2007, this 4,535-square-foot office property is configured with 13 private offices, common-area restrooms, and a second-story conference room. The building is available for immediate occupancy.
The property is located in Meridian, Idaho, at 2548 N Stokesberry Place.
The property is located in Meridian, Idaho, at 2548 N Stokesberry Place.
Key Highlights
- 4,535 square feet of office space
- 13 private offices
- Conference room on the second story
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,447
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,940
$1.3M
Cap Rate 7%
$949,243
$949.2K
Cap Rate 9%
$738,300
$738.3K
Market Conditions
NOI Build-Up for 4,535 SF
Gross rent
$100.7K $22.20/SF
− Vacancy
−$12.1K −$2.66/SF
EGI
$88.6K $19.54/SF
− OpEx
−$22.1K −$4.88/SF
NOI
$66.4K $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%
$1,328,940
Cap Rate 7%
$949,243
Cap Rate 9%
$738,300
Alternative Uses
Best Use
Office B
$949.2K
$830.6K – $1.11M
NOI $66,447 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,774 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
971
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
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The interior includes private offices, shared restrooms, and a conference room on the second floor.
Where is this office building located?
The property is located at 2548 N Stokesberry Pl Meridian, ID.
What is the asking price?
The asking price for this property is $1,814,000.
What are key features of this property?
This property features: 4,535 square feet of office space; 13 private offices; Conference room on the second story
