Multi-Suite Office
New
For Sale
$4,325,000
3103 West Sheryl Drive, Meridian, ID 83642
Existing office buildout and on-site parking support occupancy by one user or multiple tenants.
Property Size11,533 SF
Price / SF$375.01
Days on Market6
Property Features for 3103 West Sheryl Drive
General Information
Standard status
Active
Size
11,533 SF
Class
A
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Building Size
11,533 SF
Buildings
1
Listing Agency:
TOK Commercial
Listed By:
Kekaula Kaniho
(208) 280-3130
Source:
Tokcommercial
Added: Sep 30
Last Checked: Oct 5 at 5:03PM
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 TOK Commercial
Investment Insights
Based on property information with market context.
The 11,533-square-foot office building has existing improvements and can serve one occupant or be configured as three tenant suites of approximately 3,000 square feet each. On-site parking is available, and the current tenant is scheduled to vacate in January 2027.
The property is along Ten Mile Road in North Meridian, with access from Ten Mile. Nearby uses include retail, professional services, and established and growing residential development.
The property is along Ten Mile Road in North Meridian, with access from Ten Mile. Nearby uses include retail, professional services, and established and growing residential development.
Key Highlights
- 11,533‑square‑foot office building with existing improvements
- Can accommodate one occupant or three suites of approximately 3,000 square feet each
- On‑site parking and access from Ten Mile Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,982
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,379,640
$3.4M
Cap Rate 7%
$2,414,029
$2.4M
Cap Rate 9%
$1,877,578
$1.9M
Market Conditions
NOI Build-Up for 11,533 SF
Gross rent
$256.0K $22.20/SF
− Vacancy
−$30.7K −$2.66/SF
EGI
$225.3K $19.54/SF
− OpEx
−$56.3K −$4.88/SF
NOI
$169.0K $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%
$3,379,640
Cap Rate 7%
$2,414,029
Cap Rate 9%
$1,877,578
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.82M
NOI $168,982 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $213,047 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
322
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Existing office buildout and on-site parking support occupancy by one user or multiple tenants.
Where is this office building located?
The property is located at 3103 West Sheryl Drive Meridian, ID.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: 11,533‑square‑foot office building with existing improvements; Can accommodate one occupant or three suites of approximately 3,000 square feet each; On‑site parking and access from Ten Mile Road
