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 Market17
Property Features for 300 N Meridian Rd
General Information
Standard status
Active
Size
1,612 SF
Lot size
0.40 Acres
Additional Details
Office Units
5
Listing Agency:
Realty ONE Group Professionals
(208) 870-9981
Listed By:
Juan Vuittonet
(208) 870-9981
Source:
Exprealty
Added: Aug 5
Changed: Aug 21
Last Checked: Aug 21 at 9:53AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,619
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,344
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
