Multi-Use Flex and Industrial
813 E Fairview Meridian, ID 83642
813 E Fairview, Meridian, ID, 83642
$1,800,000
For Sale
$1,800,000
Multi-use facility with a heavy-duty 7-bay garage, offices, and additional self-contained rental space.
Property Size6,015 SF
Lot Size1.00 Acre
Price / SF$299.25
Days on Market124
Property Features for 813 E Fairview
General Information
- Standard status
- Active
- Size
- 6,015 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
Remax Adventure
(208) 936-9667
Listed by
Sierra Emry
(208) 936-9667
Source
Thgboise
Added: Mar 20 Updated: Jul 20 at 8:21PM Checked: Jul 21 at 3:03AM
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 Remax Adventure
Investment Insights
Based on property information with market context.
This for-sale multi-use flex and industrial property includes approximately 6,015 sq ft of functional space. The mechanics shop features a heavy-duty 7-bay garage designed for automotive, repair, or industrial operations, with a reception and waiting area. High ceilings and large bay doors support larger vehicles and equipment, and the setup includes two car lifts.
The property also includes finished office space with private offices and a reception area. In addition, there is a double-wide garage bay for fleet storage or workshop use, along with a side rental that is self-contained and includes its own garage bay.
The asset is situated on 1 acre at 813 E Fairview in Meridian, just off Fairview Avenue, offering a high-visibility, easily accessible business-corridor setting.
The property also includes finished office space with private offices and a reception area. In addition, there is a double-wide garage bay for fleet storage or workshop use, along with a side rental that is self-contained and includes its own garage bay.
The asset is situated on 1 acre at 813 E Fairview in Meridian, just off Fairview Avenue, offering a high-visibility, easily accessible business-corridor setting.
Key Highlights
- 6,015 sq ft multi‑use commercial property on 1 acre on Fairview Ave in Meridian
- Currently leased for $9,600/month rent
- Heavy‑duty 7‑bay mechanics shop with reception/waiting area, high ceilings, large bay doors, and two car lifts
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.5k | $22.20 |
| − Vacancy | −$16.0k | −$2.66 |
| EGI | $117.5k | $19.54 |
| − OpEx | −$29.4k | −$4.88 |
| NOI | $88.1k | $14.65 |
6,015 SF · lease $22.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,132 @ 7.0% cap · market cap 4.90%
Second Best
Flex RnD
$868.0K
$759.5K – $1.01M
NOI $60,758 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,114 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J J Auto
Car Dealership
Diamond Auto Brokers
Car Dealership
Silverline Auto LLC
Car Dealership
Silverline Auto Repair
Auto Repair Shop
Dale's Auto Sales
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Your Kitchen, LLC — 48 E Fairview Ave, Meridian, ID 83642
- Billy's cowboy BBQ — 499 E Woodbury Dr, Meridian, ID 83646
FAQs
What type of property is this?
Flex space - Multi-use facility with a heavy-duty 7-bay garage, offices, and additional self-contained rental space.
Where is this flex space located?
The property is located at 813 E Fairview Meridian, ID.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 6,015 sq ft multi‑use commercial property on 1 acre on Fairview Ave in Meridian; Currently leased for $9,600/month rent; Heavy‑duty 7‑bay mechanics shop with reception/waiting area, high ceilings, large bay doors, and two car lifts
