Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Building in Silverstone Park Title is generated by Realmo AI

    2041 S Cobalt Point Way, Meridian, ID 83642

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Single-tenant office building with flexible options in Meridian, Idaho.

    Type:Office
    Added:
    Jun 17, 2023
    Days on Market:
    1085
    Last Refresh:
    May 12 at 9:44 pm

    Property Features for 2041 S Cobalt Point Way

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 2041 S Cobalt Point Way Contact us

    Available Space $23/Mo

    Size
    Type
    Office
    Two story building w. approx. 35,000 RSF per floor. Includes perimeter offices,...
    show more
    Contact us

    We can help!

    Listing Contact
    Charlene VanOstrand

    Listing agent Charlene VanOstrand License #ID

    Listing office The Sundance Company

    Listing date Jun 17, 2023

    Source Crexi

    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 The Sundance Company

    HighLights

    • Centrally located in the Boise Valley, with I‑84 (Exit 46) less than one mile away.
    • Generous parking included.
    • Located in Professional Silverstone Park, providing service and food amenities.
    • Excellent building signage available.
    • Proportionate use of Silverstone Amenity Center with five (5) meeting and board rooms.
    • Options available for demise; contact us for details on demise options or similar properties owned by Sundance in the immediate area.

    Overview

    This office building is centrally located in the Boise Valley, less than one mile from I-84 (Exit 46). Situated in the professional Silverstone Park, the property benefits from nearby service and food amenities. Excellent building signage is available. Generous parking is included. The property has proportionate use of the Silverstone Amenity Center, which features five meeting and board rooms. Currently configured as a single-tenant building, options are available for demising the space. Contact for details on demise options or similar properties in the immediate area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boston Aaron Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3487318
    Latitude
    43.5862594

    Nearby Similar for Lease

    • $38,732 SF/Yr
      1,684 SF

      Meridian Office Space For Rent

      Ideally located office space in the heart of Meridian.
      46 E Pine Avenue, Meridian, ID 83642
      View Details
    • Sponsored
      $129-$4,439/Mo
      11-1,292 SF

      ID, Meridian - W Overland Road

      943 Overland Rd 1Rst, Unit MERIDIAN, Meridian, ID 83642
      View Details
    • $27 SF/Yr
      5,904 SF

      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
      2847 N Eagle Rd, Meridian, ID 83646
      View Details
    • $160,056 SF/Yr
      12,312 SF

      Meridian Commercial Space For Lease

      Spacious commercial space suitable for retail, office, or service operations.
      205 E Watertower St., Meridian, ID 83642
      View Details
    • $35 SF/Yr
      5,933 SF

      South Meridian Retail Opportunity

      Retail space in high-traffic South Meridian location.
      3124 South Eagle Road, Meridian, ID 83642
      View Details
    • $28 SF/Yr
      1,225 SF

      Retail-Office Condo in Meridian

      Retail-office condo available for lease in Meridian, Idaho.
      1446-1494 W Ustick Rd, Meridian, ID
      View Details
    • $176,000 SF/Yr
      8,000 SF

      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 SF/Yr
      5,010 SF

      Modern Industrial Space in Meridian

      5,010 SF industrial space for lease in Meridian, Idaho.
      88 North Touchmark Way, Meridian, ID, 83642
      View Details
    • $26 SF/Yr
      1,341 SF

      Overland Road Retail Space Available

      Retail space with open floor plan and monument signage available.
      2845 E Overland Road, Meridian, ID
      View Details
    • Contact for pricing

      ID, Meridian - The Village at Meridian

      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $23 SF/Yr
      24,000 SF

      El Dorado Business Campus Office

      Ready-to-occupy office suite in central Meridian, near I-84.
      2965 E. Tarpon Drive, Meridian, ID 83642
      View Details
    • $23 SF/Yr
      5,685 SF

      Versatile Office Space Available

      High-visibility office space with open layout and customization options.
      1937 S Bonito Way, Meridian, ID
      View Details

    FAQs

    What type of property is this?
    Office building - Single-tenant office building with flexible options in Meridian, Idaho.
    Where is this office building located?
    The property is located at 2041 S Cobalt Point Way Meridian, ID.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Centrally located in the Boise Valley, with I‑84 (Exit 46) less than one mile away.; Generous parking included.; Located in Professional Silverstone Park, providing service and food amenities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charlene VanOstrand
    Real Estate License ID: ID
    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

    Thank You for Inquiry
    2041 S Cobalt Point Way, Meridian, ID 83642
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!