Office Building with Suite
For Sale
$1,649,000
3169 W Belltower Dr, Meridian, ID 83646
Modern office improvements support a single occupant or two-suite configuration.
Property Size3,550 SF
Price / SF$464.51
Days on Market91
Property Features for 3169 W Belltower Dr
General Information
Standard status
Active
Size
3,550 SF
Class
Class A
Property subtype
Commercial
Amenities
Lot Features: 10000 SF - .49 Acre, Lot Size Acres: 0.41, Lot Size Area: 0.41, Lot Size Square Feet: 17859.6, Lot Size Units: Acres
Tax Legal Description: Lot 01 Blk 01 Turin Plaza Sub
Cooling: Central Air, Cooling YN: t
Heating: Electric, Forced Air, Heating YN: t
Business Type: Commercial, Listing Id: 98993255, List Price: 1649000, Mls Status: Active, Standard Status: Active
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 3550, Building Area Units: Square Feet, Construction Materials: Frame, Masonry, Stone, Living Area: 3550, Living Area Units: Square Feet
City: Meridian, Coordinates: -116.43277527, 43.64207083, Country: US, County Or Parish: Ada, Directions: From McMillian, S on Ten Mile, E on Belltower, property is on the right, Latitude: 43.64207083, Longitude: -116.43277527, Postal Code: 83646, State Or Province: ID, Street Dir Prefix: W, Street Name: Belltower Dr, Street Number: 3169, Street Number Numeric: 3169, Unparsed Address: 3169 W Belltower Dr, Meridian ID 83646
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: R1079860290, Property Type: Commercial Sale
Utilities: Sewer Connected
Water Source: City Service
Exterior Features: Paved Outside Area
Building Details
Year Built
2024
Buildings
1
Listing Agency:
208 properties Realty Group
(208) 806-1648
Listed By:
Neal Elliott · License #SP52497
(208) 830-1540
Source:
Thgboise
Added: Jul 9
Changed: Oct 6
Last Checked: Oct 5 at 6:25PM
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 208 properties Realty Group
Investment Insights
Based on property information with market context.
Completed in 2024, this 3,550-square-foot office building features a 16-foot entry, custom millwork, quartz countertops, cabinetry, abundant natural light, and extensive interior glass. The interior layout can accommodate one user or be divided into two suites, providing flexibility for an owner-user or investor. A full appliance package is included.
The property is located in Meridian with access to major roads, restaurants, shopping, and professional services. Its design combines a prominent entry with contemporary interior finishes suited to a professional office setting.
The property is located in Meridian with access to major roads, restaurants, shopping, and professional services. Its design combines a prominent entry with contemporary interior finishes suited to a professional office setting.
Key Highlights
- 3,550 SF office building completed in 2024
- 16‑foot entry with extensive interior glass
- Custom millwork, quartz countertops, and cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,015
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,300
$1.0M
Cap Rate 7%
$743,071
$743.1K
Cap Rate 9%
$577,944
$577.9K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$78.8K $22.20/SF
− Vacancy
−$9.5K −$2.66/SF
EGI
$69.4K $19.54/SF
− OpEx
−$17.3K −$4.88/SF
NOI
$52.0K $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%
$1,040,300
Cap Rate 7%
$743,071
Cap Rate 9%
$577,944
Alternative Uses
Best Use
Office B
$743.1K
$650.2K – $866.9K
NOI $52,015 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.8K
$819.7K – $1.09M
NOI $65,578 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 83646, ID
69,818
Population
26,829
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
2,557
Density / Sq Mi
$101,040
Median Household Income
$47,397
Median Earnings
$1,814
Median Rent
$488,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Office building - Modern office improvements support a single occupant or two-suite configuration.
Where is this office building located?
The property is located at 3169 W Belltower Dr Meridian, ID.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 3,550 SF office building completed in 2024; 16‑foot entry with extensive interior glass; Custom millwork, quartz countertops, and cabinetry
