Multi-Use Flex and Industrial
For Sale
$1,800,000
813 E Fairview, Meridian, ID 83642
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 Market96
Property Features for 813 E Fairview
General Information
Standard status
Active
Size
6,015 SF
Lot size
1.00 Acre
Additional Details
Service Bays
7
Building Details
Year Built
1985
Listing Agency:
Remax Adventure
Listed By:
Sierra Emry
(208) 936-9667
Source:
Joeplatz
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 7 at 4:36PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,758
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,160
$1.2M
Cap Rate 7%
$867,971
$868.0K
Cap Rate 9%
$675,089
$675.1K
Market Conditions
NOI Build-Up for 6,015 SF
Gross rent
$101.1K $16.80/SF
− Vacancy
−$7.6K −$1.26/SF
EGI
$93.5K $15.54/SF
− OpEx
−$32.7K −$5.44/SF
NOI
$60.8K $10.10/SF
Area
Meridian, ID
Vacancy
7.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,160
Cap Rate 7%
$867,971
Cap Rate 9%
$675,089
Alternative Uses
Best Use
Flex RnD
$868.0K
$759.5K – $1.01M
NOI $60,758 @ 7.0% cap · market cap 3.38%
Second Best
Warehouse
$659.1K
$576.7K – $769.0K
NOI $46,137 @ 7.0% cap · market cap 2.56%
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 authorities.
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Property Analytics
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Current Use
Lease Details
7
Service bays
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in West region
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
Frequently Asked Questions
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
