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    Nec Franklin Rd & Locust Grv Rd Meridian, ID 83642

    Sponsored
    For Lease
    Contact for pricing

    Prime Meridian location, 8,000 sqft.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A commercial property, located at the signalized corner of Franklin Road and Locust Grove Road in Meridian, Idaho, presents a unique investment opportunity. Built in 2019, the 8,000 square foot building boasts a desirable executive office subtype within a larger retail and office complex. The property sits on a 2.5-acre lot, providing ample space and potential for future expansion. Currently, there is 1 square foot of vacant space available within the multiple-tenancy building. The property's I-L zoning allows for a variety of commercial uses. Its prime location in Meridian, Ada County (zip code 83642), ensures high visibility and accessibility, making it ideal for businesses seeking a high-traffic area. The building's modern construction and excellent location combine to offer a compelling opportunity for businesses seeking a prestigious and convenient address. The property's strategic placement at a signalized intersection guarantees maximum exposure to a large volume of daily traffic. This is a rare opportunity to secure a well-situated, modern commercial space in a thriving Idaho market.

    Property Features for 0 Nec Franklin Rd & Locust Grv Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Class
    A

    Building Details

    Year Built
    2019

    Unit(s) available at that property

    Space
    Ground Lease
    Size
    0 SF

    HighLights

    • High‑traffic corner lot with signalized intersection.
    • Prime location on Meridian.
    • Exceptional visibility and accessibility.
    • Monument and building signage opportunities available.
    • Build‑to‑suit opportunity on a hard corner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3745151
    Latitude
    43.6048707

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Meridian location, 8,000 sqft.
    Where is this office property / space located?
    The property is located at Nec Franklin Rd & Locust Grv Rd Meridian, ID.
    What are key features of this property?
    This property features: High-traffic corner lot with signalized intersection.; Prime location on Meridian.; Exceptional visibility and accessibility.
    Request Owner's contact information
    Nec Franklin Rd & Locust Grv Rd 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
    Nec Franklin Rd & Locust Grv Rd Meridian, ID 83642
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