Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    44 54 62 & 68 E Fairview Ave. Meridian, ID 83642

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Retail spaces for lease in a busy, anchored shopping center.

    Added:
    Nov 26, 2025
    Days on Market:
    128
    Last Refresh:
    Apr 1 at 9:12 pm

    Property Features for 44 54 62 & 68 E Fairview Ave.

    General Information

    Standard status
    Active

    Spaces For Lease

    at 44 54 62 & 68 E Fairview Ave. Contact us

    We can help!

    Listing Contact
    Alec Dhaenens
    Alec Dhaenens

    Listing agent Alec Dhaenens License #SP56514

    Listing office Lee & Associates Idaho

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates Idaho

    Overview

    Retail Spaces in Cherry Plaza

    Retail spaces are available for lease in the Cherry Plaza Shopping Center, anchored by Albertsons. The center is located at the corner of Meridian Road and Fairview Avenue, experiencing high traffic counts of over 29,000 vehicles per day. Cherry Plaza maintains a high occupancy rate and serves as a key destination for the area's rapidly growing population. It offers a retail environment with proximity to a variety of amenities. The center has a tenant mix of national and local retailers, including The UPS Store, Tango’s Empanadas & Grill, Little Caesars, Uplifted Gym, Idaho State Liquor Store, Tobacco Connections, and Weight Watchers. The location provides easy access and a customer base. Features include a dedicated turn lane, pylon sign, and signalized intersection. The property has frontage on Fairview Ave. of 1,077 feet and Meridian Rd. of 419 feet. The property is located at the intersection of Fairview Ave. and Meridian Road, with 29,895 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Phoenix Fire Games Electronics & Wireless Store

    Suggested Use

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

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

    Similar Places Nearby

    • Fairview Lakes Retail Center — 900 e fairview ave, meridian, id 83642
    • Coinstar Kiosk - Bitcoin ATM — 20 E Fairview Ave Albertsons, Meridian, ID 83642

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.392
    Latitude
    43.6206

    Nearby Similar for Lease

    • $276/mo

      Meridian Office Space For Rent

      Office space in central Meridian with parking and alley access.
      46 E Pine Avenue, Meridian, ID 83642
      View Details
    • $27/mo

      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
      2847 N Eagle Rd, Meridian, ID 83646
      View Details
    • Contact for pricing

      ID, Meridian - The Village at Meridian

      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $160,056/mo

      Meridian Commercial Space For Lease

      Spacious commercial space suitable for retail, office, or service operations.
      205 E Watertower St., Meridian, ID 83642
      View Details
    • Sponsored
      Contact for pricing

      ID, Meridian - W Overland Road

      943 Overland Rd 1Rst, Unit MERIDIAN, Meridian, ID 83642
      View Details
    • $35/mo

      South Meridian Retail Opportunity

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

      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/mo

      Modern Industrial Space in Meridian

      5,010 SF industrial space for lease in Meridian, Idaho.
      88 North Touchmark Way, Meridian, ID, 83642
      View Details
    • $50/mo

      New Retail Building with Drive-Through

      Newly constructed retail building with drive-through, ideal for financial services.
      3103 W Milano Dr, Meridian, ID 83646
      View Details
    • $22/mo

      Medical Office in Silverstone Campus

      Prime medical office space with excellent exposure and access.
      3875 E. Overland Road, Meridian, ID 83642
      View Details
    • $24/mo

      LEED Silver Certified Office Space

      Prime commercial space near St. Luke’s with signage potential.
      3330 E Louise Dr, Meridian, ID 83642
      View Details
    • $22/mo

      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

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in a busy, anchored shopping center.
    Where is this shopping center located?
    The property is located at 44 54 62 & 68 E Fairview Ave. Meridian, ID.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High traffic location at the corner of Meridian Rd. and Fairview Ave. with 29,895 vehicles per day.; Anchored by Albertsons, ensuring consistent customer traffic.; High visibility and easy accessibility for customers.
    (208) 343-2300
    We can help!
    Listing Contact
    Alec Dhaenens
    Alec Dhaenens
    Real Estate License ID: SP56514
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!