Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Pad Site in Meridian Title is generated by Realmo AI

    3030 N Cajun Ln, Meridian, ID 83646

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible pad site in Idaho's top retail corridor.

    Type:Retail, Land, Restaurant
    Property size:
    8,712 SF
    Lot size:
    1.00 Acre
    Added:
    Mar 10, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 16 at 12:08 pm

    Property Features for 3030 N Cajun Ln

    General Information

    Standard status
    Active
    Size
    8,712 SF
    Lot size
    1.00 Acre
    Property subtype
    Retail, Land, Restaurant

    Spaces For Lease

    at 3030 N Cajun Ln Contact us

    We can help!

    Listing Contact
    Mallisa Jackson
    Mallisa Jackson

    Listing agent Mallisa Jackson License #ID SP40903

    Listing office MJPCRE Group

    Listing date Mar 10, 2026

    Source Crexi

    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 MJPCRE Group

    HighLights

    • Highly visible pad site at one of Idaho’s busiest intersections.
    • Drive‑thru use approved, allowing faster project timelines.
    • Located in Idaho’s top retail corridor with 2.6 million SF of surrounding retail.
    • Strong traffic exposure with ~50,000 VPD on Eagle Rd and ~43,500/~22,054 VPD on E Ustick Rd.
    • Dense trade area with 252,086 people within 5 miles and ~$109,000 average household income.
    • 213 approved multifamily units on the adjacent parcel adding future demand.

    Overview

    This highly visible 1-acre pad site is located at one of Idaho’s busiest intersections, within Idaho’s top retail corridor encompassing 2.6 million square feet of retail space. The site benefits from strong traffic exposure, with approximately 50,000 vehicles per day on Eagle Road and between 22,054 and 43,500 vehicles per day on East Ustick Road. Drive-thru use is approved, potentially allowing for faster project timelines. The location is surrounded by major national retailers that contribute to daily traffic. Up to 8,712 square feet is buildable for single-tenant or multi-tenant use. The dense trade area has a population of 252,086 within a 5-mile radius and an average household income of approximately $109,000. The adjacent parcel has 213 approved multifamily units, which may add future demand. It is suitable for quick-service restaurants, coffee shops, fast-casual dining, or service retail, and offers convenient access to I-84 via Eagle Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.398
    Latitude
    43.6097

    Nearby Similar for Lease

    • $38,732 SF/Yr
      1,684 SF

      Meridian Office Space For Rent

      Ideally located office space in the heart of Meridian.
      46 E Pine Avenue, Meridian, ID 83642
      View Details
    • Sponsored
      $129-$4,439/Mo
      11-1,292 SF

      ID, Meridian - W Overland Road

      943 Overland Rd 1Rst, Unit MERIDIAN, Meridian, ID 83642
      View Details
    • $27 SF/Yr
      5,904 SF

      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
      2847 N Eagle Rd, Meridian, ID 83646
      View Details
    • $160,056 SF/Yr
      12,312 SF

      Meridian Commercial Space For Lease

      Spacious commercial space suitable for retail, office, or service operations.
      205 E Watertower St., Meridian, ID 83642
      View Details
    • $28 SF/Yr
      1,225 SF

      Retail-Office Condo in Meridian

      Retail-office condo available for lease in Meridian, Idaho.
      1446-1494 W Ustick Rd, Meridian, ID
      View Details
    • $35 SF/Yr
      5,933 SF

      South Meridian Retail Opportunity

      Retail space in high-traffic South Meridian location.
      3124 South Eagle Road, Meridian, ID 83642
      View Details
    • $176,000 SF/Yr
      8,000 SF

      Meridian Office/Medical Space For Rent

      8,000 sq ft Meridian office or medical space for rent.
      965 E Ustick Rd., Meridian, ID 83646
      View Details
    • $0.92 SF/Yr
      5,010 SF

      Modern Industrial Space in Meridian

      5,010 SF industrial space for lease in Meridian, Idaho.
      88 North Touchmark Way, Meridian, ID, 83642
      View Details
    • $26 SF/Yr
      1,341 SF

      Overland Road Retail Space Available

      Retail space with open floor plan and monument signage available.
      2845 E Overland Road, Meridian, ID
      View Details
    • $22 SF/Yr
      10,090 SF

      Prime Meridian Retail/Office Space

      Versatile space in high-traffic Meridian location, ideal for retail/office.
      2498 East Fairview Avenue, Meridian, ID 83646
      View Details
    • Contact for pricing

      ID, Meridian - The Village at Meridian

      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $23 SF/Yr
      24,000 SF

      El Dorado Business Campus Office

      Ready-to-occupy office suite in central Meridian, near I-84.
      2965 E. Tarpon Drive, Meridian, ID 83642
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible pad site in Idaho's top retail corridor.
    Where is this commercial land located?
    The property is located at 3030 N Cajun Ln Meridian, ID.
    What are key features of this property?
    This property features: Highly visible pad site at one of Idaho’s busiest intersections.; Drive‑thru use approved, allowing faster project timelines.; Located in Idaho’s top retail corridor with 2.6 million SF of surrounding retail.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mallisa Jackson
    Mallisa Jackson
    Real Estate License ID: ID SP40903
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3030 N Cajun Ln, Meridian, ID 83646
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!