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    1860 Wells Ave Meridian, ID 83642

    Sponsored
    For Lease
    $26 SF/Yr

    Modern Meridian Office Space Available

    Lot size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Gramercy Plaza III, a Class A office building in Meridian, Idaho, offers exceptional executive office space for lease. This three-story building boasts a total of 45,000 square feet, with 29,675 square feet currently vacant and available for lease. Multiple tenancy options are available, ranging from a minimum of 2,915 square feet to a maximum contiguous space of 13,563 square feet, providing flexibility for businesses of various sizes. The building is located at 1860 S Wells Ave, Meridian, ID 83642, in Ada County, and is zoned C-G. Ample parking is provided with 201 spaces (a ratio of 4.5 spaces per 1,000 square feet). The building's prime location and modern amenities make it an ideal choice for businesses seeking a prestigious and functional workspace in the thriving Meridian market. Interested parties are encouraged to inquire about available space and lease terms. This is a fantastic opportunity to establish your business in a highly sought-after location with convenient access to amenities and transportation.

    Property Features for 1860 Wells Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,000 SF
    Class
    A
    Total Rate
    97500

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Third Floor
    Size
    13,563 SF
    Rate per SF
    $26
    Space
    First Floor
    Size
    13,088 SF
    Rate per SF
    $26
    Space
    Second Floor
    Size
    13,197 SF
    Rate per SF
    $26

    HighLights

    • Prime Meridian, Idaho location in the Treasure Valley's fastest‑growing area.
    • Close proximity to restaurants and services.
    • Convenient I‑84 access at Eagle Road.
    • High‑quality finishes throughout the building.
    • Fiber internet service available.
    • Building signage opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Realty agency Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3612771
    Latitude
    43.5879239

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Meridian Office Space Available
    Where is this office property / space located?
    The property is located at 1860 Wells Ave Meridian, ID.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Prime Meridian, Idaho location in the Treasure Valley's fastest-growing area.; Close proximity to restaurants and services.; Convenient I-84 access at Eagle Road.
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    Meridian, ID 83642
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    Realmo Value Estimation

    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.

    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.

    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
    1860 Wells Ave Meridian, ID 83642
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