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    Property profile & analytics

    3224 Curt Dr Meridian, ID 83646

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0292570
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3224 Curt Dr

    Property type
    Commercial real estate

    Description

    This exceptional single-level home in Meridian, Idaho, presents a fantastic opportunity. Located in a highly desirable area, minutes from The Village at Meridian and within the boundaries of top-rated schools, this property boasts three bedrooms and two and a half bathrooms. The open floor plan features spacious living areas, perfect for both family living and entertaining. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a large center island. The primary bedroom offers a tranquil retreat with an ensuite bathroom complete with a walk-in shower, dual vanities, and a soaking tub. Two additional bedrooms provide ample space, complemented by a convenient half bath for guests. The property also includes a private, low-maintenance backyard with a covered patio, ideal for outdoor relaxation. A significant advantage is the absence of HOA fees, offering increased freedom and value. The home's prime location provides easy access to shopping, dining, entertainment, and parks. This property is situated at 3224 N Curt Dr, Meridian, ID 83646, and is listed at $735,000. Owner financing is available. The property is classified as residential land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.38471559649
    Latitude
    43.635453479824

    Comparable in this City

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      Meridian Townhouse with Spacious Interior

      Well-maintained 3-bedroom townhouse in Meridian, ideal for homeowners or investors.
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      Meridian Triplex in Downtown Area

      Well-maintained triplex in downtown Meridian with fully fenced backyards.
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    Similar Nearby for Sale

    • $6,356,057

      Adaptable Land with Income Potential

      13.256 acres with income-generating houses near new freeway.
      3500 N Mcdermott Rd, Meridian, ID 83646
      View Details
    • $649,333
      2,340 SF

      Luxury Meridian Investment Property

      Turn-key luxury investment property in a sought-after Meridian community.
      4299 W Bay Oak Ln, Meridian, ID 83646
      View Details
    • $539,900
      Pending

      Meridian Duplex with Large Yard

      Duplex in Meridian, ID, featuring a large, fenced yard.
      981-985 E Blue Heron St, Meridian, ID 83646
      View Details
    • $325,000
      1,573 SF

      Meridian Townhouse with Spacious Interior

      Well-maintained 3-bedroom townhouse in Meridian, ideal for homeowners or investors.
      1510 W Storey St, Meridian, ID 83646
      View Details
    • $384,900
      1,404 SF

      Meridian Townhouse with Modern Amenities

      Move-in ready Meridian townhouse featuring modern amenities and a convenient location.
      4638 N Bright Angel Ave, Meridian, ID 83646
      View Details
    • $639,900
      Pending

      Meridian Duplex with Large Lot

      Single-level duplex in Meridian with a large, fenced yard.
      973-975 E Blue Heron St, Meridian, ID 83646
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr

      Meridian Commercial Land Opportunity

      Prime North Meridian lots, retail potential.
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      4873 Cortona Way

      Land • 0.88 Acres
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      Prime Meridian Retail/Office Space

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    • Contact for pricing
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      Meridian Retail Space: Orchard Park

      High-visibility retail spaces in booming Meridian, ID.
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    3224 Curt Dr
    Meridian, ID 83646
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    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
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