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5-Unit Office Building

40 W Franklin Rd, Meridian, ID 83642

For Sale
New
$945,000

The current suite layout can be reconfigured into eight units, each with its own entrance and restroom.

Property Size7,487 SF
Price / SF$126.22
Days on Market2

Property Features for 40 W Franklin Rd

General Information

Standard status Active
Size 7,487 SF
Occupancy 100%

Additional Details

Office Units 5
Tenant in Place Yes
Property Use Office

Amenities

Wood
true
Square Feet
Partial
10000 SF - .49 Acre
City Service
0.49
20
11 - 20 Spaces
7487

Building Details

Building Size 7,487 SF
Year Built 1937
Stories 1
Tenancy Multi
Listing Agency: Boise Premier Real Estate
Listed By: Freddy Arredondo
Source: Silverhawkrealty
Added: Nov 8 Last Checked: Nov 9 at 5:25AM

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 Boise Premier Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 7,487-square-foot office building contains five units and is fully leased to longstanding tenants. Each unit has a separate entrance and restroom. The layout can be divided into as many as eight units. Built in 1937, the property occupies a 0.49-acre site and has 11–20 parking spaces.

Key Highlights

  • 7,487‑square‑foot office building with five existing units
  • Fully leased to longstanding tenants
  • Layout can be divided into as many as eight units

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Balancing Kneads Alternative Medicine Practice E Z TRANSPORT ... Freight Service Meridian Developmental Services Physician Angelia Thorne Counselor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Locksmith Tanning Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,183
Businesses Nearby

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

Average Price Trend$/SF for Office buildings in Ada County, ID

$171 Jul
$288 Aug
$433 Sep
$367 Oct

Properties on Market for Office buildings in Ada County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - The current suite layout can be reconfigured into eight units, each with its own entrance and restroom.
Where is this office building located?
The property is located at 40 W Franklin Rd Meridian, ID.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 7,487‑square‑foot office building with five existing units; Fully leased to longstanding tenants; Layout can be divided into as many as eight units
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