Freestanding Medical Office
New
For Sale
$1,162,000
2690 S Eagle Rd, Meridian, ID 83642
Available for immediate occupancy, the building supports either a single-tenant or multi-tenant configuration.
Property Size2,854 SF
Price / SF$399.86
Days on Market2
Property Features for 2690 S Eagle Rd
General Information
Standard status
Active
Size
2,854 SF
Property subtype
Office
Zoning
L-O
Additional Details
Highway Access
Yes
Property Use
Medical Office
Building Details
Building Size
2,854 SF
Year Built
2013
Buildings
1
Listing Agency:
Lee & Associates Idaho
Listed By:
Austin Hopkins · License #SP47888
(208) 995-5944
Source:
Lee-associates
Added: Nov 1
Last Checked: Nov 1 at 3:31PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office property contains approximately 2,906 square feet and was built in 2013. Its layout can accommodate single-tenant or multi-tenant occupancy, and the space is available immediately. The property is zoned L-O.
The building is on S Eagle Road in Meridian, with immediate access to Interstate 84.
The building is on S Eagle Road in Meridian, with immediate access to Interstate 84.
Key Highlights
- Approximately 2,906 square feet of medical office space
- Built in 2013
- Layout supports single‑tenant or multi‑tenant occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,579
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,580
$851.6K
Cap Rate 7%
$608,271
$608.3K
Cap Rate 9%
$473,100
$473.1K
Market Conditions
NOI Build-Up for 2,906 SF
Gross rent
$64.5K $22.20/SF
− Vacancy
−$7.7K −$2.66/SF
EGI
$56.8K $19.54/SF
− OpEx
−$14.2K −$4.88/SF
NOI
$42.6K $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%
$851,580
Cap Rate 7%
$608,271
Cap Rate 9%
$473,100
Alternative Uses
Best Use
Office B
$608.3K
$532.2K – $709.7K
NOI $42,579 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$561.9K
$491.7K – $655.6K
NOI $39,336 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$766.9K
$671.0K – $894.7K
NOI $53,682 @ 7.0% cap · market cap 4.62%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Available for immediate occupancy, the building supports either a single-tenant or multi-tenant configuration.
Where is this medical office space located?
The property is located at 2690 S Eagle Rd Meridian, ID.
What is the asking price?
The asking price for this property is $1,162,000.
What are key features of this property?
This property features: Approximately 2,906 square feet of medical office space; Built in 2013; Layout supports single‑tenant or multi‑tenant occupancy
