Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3233 W Pine Ave Meridian, ID 83642

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use property with live-work spaces for lease.

    Type:Retail, Office, Restaurant
    Property size:
    10,000 SF
    Lot size:
    2.36 Acres
    Added:
    Oct 18, 2023
    Days on Market:
    907
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 3233 W Pine Ave

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    2.36 Acres
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 3233 W Pine Ave Contact us

    We can help!

    Listing Contact
    Cory Perry

    Listing agent Cory Perry License #ID

    Listing office Summit Commercial Real Estate Group

    Listing date Oct 18, 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 Summit Commercial Real Estate Group

    Overview

    Mixed-Use Live-Work Space Available

    Mixed-use property offering live-work spaces for lease. Current tenants include Onyx Scott Interiors, Mountain West Sport & Spine, Raulston Real Estate, and Everlasting Permanent Jewelry. Located at 3248 W LITTLETON LN, street-level spaces range from 835 to 1,972 square feet. An additional building at 649 N. CLIFF CREEK LN is fully leased. The property consists of two 10,000 square foot buildings on a ±2.36 acre lot. Zoned C-C Commercial, the property provides on-site parking. Tenant improvement allowance is available for custom build-outs. The property is available for immediate occupancy.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.353683
    Latitude
    43.61297

    Nearby Similar for Lease

    • $38,732/mo

      Meridian Office Space For Rent

      Ideally located office space in the heart of Meridian.
      46 E Pine Avenue, Meridian, ID 83642
      View Details
    • $27/mo

      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
      2847 N Eagle Rd, Meridian, ID 83646
      View Details
    • Contact for pricing

      ID, Meridian - The Village at Meridian

      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $160,056/mo

      Meridian Commercial Space For Lease

      Spacious commercial space suitable for retail, office, or service operations.
      205 E Watertower St., Meridian, ID 83642
      View Details
    • Sponsored
      Contact for pricing

      ID, Meridian - W Overland Road

      943 Overland Rd 1Rst, Unit MERIDIAN, Meridian, ID 83642
      View Details
    • $35/mo

      South Meridian Retail Opportunity

      Retail space in high-traffic South Meridian location.
      3124 South Eagle Road, Meridian, ID 83642
      View Details
    • $176,000/mo

      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/mo

      Modern Industrial Space in Meridian

      5,010 SF industrial space for lease in Meridian, Idaho.
      88 North Touchmark Way, Meridian, ID, 83642
      View Details
    • $50/mo

      New Retail Building with Drive-Through

      Newly constructed retail building with drive-through, ideal for financial services.
      3103 W Milano Dr, Meridian, ID 83646
      View Details
    • $22/mo

      Medical Office in Silverstone Campus

      Prime medical office space with excellent exposure and access.
      3875 E. Overland Road, Meridian, ID 83642
      View Details
    • $24/mo

      LEED Silver Certified Office Space

      Prime commercial space near St. Luke’s with signage potential.
      3330 E Louise Dr, Meridian, ID 83642
      View Details
    • $22/mo

      Prime Meridian Retail/Office Space

      Versatile space in high-traffic Meridian location, ideal for retail/office.
      2498 East Fairview Avenue, Meridian, ID 83646
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with live-work spaces for lease.
    Where is this mixed-use property located?
    The property is located at 3233 W Pine Ave Meridian, ID.
    What are key features of this property?
    This property features: Immediate availability; T.I. allowance available for custom build‑outs; Street level space available (835 to 1,972 SF)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cory Perry
    Real Estate License ID: ID
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!