Mixed-Use Property with
For Sale
$590,000
300 N Meridian Rd, Meridian, ID 83642
Rehabilitated space offers residential occupancy or five individual office spaces with substantial parking and storage.
Property Size1,612 SF
Lot Size0.40 Acres
Price / SF$366
Days on Market62
Property Features for 300 N Meridian Rd
General Information
Standard status
Active
Size
1,612 SF
Lot size
0.40 Acres
Property subtype
Commercial
Additional Details
Office Units
5
Amenities
Lot Features: 10000 SF - .49 Acre, Lawn Sprinklers, On City Bus Route, Lot Size Acres: 0.4, Lot Size Area: 0.4, Lot Size Dimensions: 147x121, Lot Size Square Feet: 17424, Lot Size Units: Acres
Fencing: Full
Tax Legal Description: Lot 1 Blk 2 Bowers Add
Flooring: Wood
Cooling: Central Air, Cooling YN: t
Heating: Forced Air, Natural Gas, Heating YN: t
Business Type: Commercial, Listing Id: 98996408, Listing Service: Full Service, Listing Terms: Cash, Conventional, VA Loan, List Price: 590000, Mls Status: Active, Number Of Units Total: 1, Standard Status: Active
Parking Features: 6 - 10 Spaces, Trailer Parking, Parking Total: 10
Bedrooms Total: 3
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 1612, Building Area Units: Square Feet, Building Features: Lighting, Building Name: Lots 16 To 19 Inc Blk 1 Bowers Add To Meridian #0080b, Construction Materials: Frame, Wood Siding, Living Area: 1612, Living Area Units: Square Feet, Stories: 1, Year Built: 1987
City: Meridian, Coordinates: -116.39312917, 43.60634488, Country: US, County Or Parish: Ada, Directions: From I84: Meridian Road, North past Franklin Road to King Rd West. Corner of King and Meridian Road., Latitude: 43.60634488, Longitude: -116.39312917, Postal Code: 83642, State Or Province: ID, Street Dir Prefix: N, Street Name: Meridian Rd, Street Number: 300, Street Number Numeric: 300, Unparsed Address: 300 N Meridian Rd, Meridian ID 83642
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: R10390000082, Possible Use: Land Suitable(Residential, Office), Office Suitable(Office Building), Retail Suitable(Day Care Facility), Property Type: Commercial Sale, Road Surface Type: Paved
Electric: 110 Volt, Utilities: Sewer Connected, Natural Gas Available, Cable Connected
Water Source: City Service
Building Details
Year Built
1987
Listing Agency:
Realty ONE Group Professionals
(208) 375-3750
Listed By:
Juan Vuittonet
(208) 870-9981
Source:
Thgboise
Added: Aug 5
Changed: Oct 4
Last Checked: Oct 5 at 6:43PM
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 Realty ONE Group Professionals
Investment Insights
Based on property information with market context.
This mixed-use property combines a rehabilitated residence with an older shop and storage area on a 0.40-acre lot. The 1,612-square-foot dwelling includes three bedrooms and two remodeled bathrooms, along with updated flooring, doors, trim, recessed lighting, interior paint, appliances, backsplash tile, plumbing, electrical outlets, windows, roofing, and water heating. The FAU heating and cooling system is four years old.
Located at 300 N Meridian Rd in Meridian, Idaho, the property has exposure along Meridian Road and includes substantial parking. The lot also accommodates work vehicles and RVs. The existing layout can support residential use or five individual office spaces, providing flexibility within the mixed-use configuration.
Located at 300 N Meridian Rd in Meridian, Idaho, the property has exposure along Meridian Road and includes substantial parking. The lot also accommodates work vehicles and RVs. The existing layout can support residential use or five individual office spaces, providing flexibility within the mixed-use configuration.
Key Highlights
- 0.40‑acre lot with a shop, storage area, and substantial parking
- 1,612‑square‑foot dwelling with 3 bedrooms and 2 remodeled bathrooms
- Residential use or 5 individual office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,619
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,380
$472.4K
Cap Rate 7%
$337,414
$337.4K
Cap Rate 9%
$262,433
$262.4K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$35.8K $22.20/SF
− Vacancy
−$4.3K −$2.66/SF
EGI
$31.5K $19.54/SF
− OpEx
−$7.9K −$4.88/SF
NOI
$23.6K $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%
$472,380
Cap Rate 7%
$337,414
Cap Rate 9%
$262,433
Alternative Uses
Best Use
Office B
$337.4K
$295.2K – $393.7K
NOI $23,619 @ 7.0% cap · market cap 4.00%
Second Best
Mixed Use
$301.9K
$264.2K – $352.2K
NOI $21,133 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$425.4K
$372.2K – $496.3K
NOI $29,778 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Rehabilitated space offers residential occupancy or five individual office spaces with substantial parking and storage.
Where is this mixed-use property located?
The property is located at 300 N Meridian Rd Meridian, ID.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 0.40‑acre lot with a shop, storage area, and substantial parking; 1,612‑square‑foot dwelling with 3 bedrooms and 2 remodeled bathrooms; Residential use or 5 individual office spaces
