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

    Bower St Meridian, ID 83642

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Meridian location, flexible spaces available.

    Lot size:
    29,098 SF

    Property Features for 0 Bower St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,098 SF

    Spaces For Lease

    at 0 Bower St, Meridian, ID 83642 Contact us

    We can help!

    Listing Contact
    Holly Chetwood, Ccim
    Holly Chetwood, Ccim

    Listing Agency: TOK Commercial - Boise Listing Agent: Holly Chetwood, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Meridian, Idaho property offers two prime lots totaling 0.303 to 0.668 acres, ideally situated at the Northeast corner of North Main Street and East Bower Street, zip code 83642. The property is zoned to accommodate a variety of uses, including retail, office, and live-work spaces, making it an attractive option for diverse businesses. A total of 29,098 square feet is available, with spaces divisible down to 13,199 square feet and contiguous space up to 15,899 square feet. The property is currently vacant and available for ground lease or build-to-suit opportunities. Its strategic location offers unparalleled accessibility, being just minutes from downtown Meridian, city hall, and Interstate 84. The property benefits from ample on-site parking and enjoys proximity to the prestigious MKA Building at Trackside, home to Keller Associates, ensuring a high-quality neighboring tenant. This presents a compelling investment opportunity for businesses seeking a prominent location in a thriving community within Ada County. The property's flexibility, prime location, and ample space make it an ideal choice for businesses looking to establish or expand their presence in the Meridian market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3933582
    Latitude
    43.6080033

    Nearby Similar for Lease

    • Contact for pricing

      ID, Meridian - The Village at Meridian

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • Sponsored
      Contact for pricing

      ID, Meridian - W Overland Road

      Workspaces, services and support to help you work better in Frisco Square
      943 Overland Rd 1Rst, Meridian, ID 83642
      View Details
    • $176,000
      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
    • $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
    • Contact for pricing

      Premier Office Space at Meridian Village

      Luxurious office spaces in Idaho's premier shopping and entertainment destination.
      3597 E Monarch Sky Ln, Meridian, ID 83646
      View Details
    • $26 SF/Yr
      535 SF

      Retail Space in Meridian, ID

      Retail space available for lease in Meridian, Idaho.
      3648-3624 N Centrepoint Way, Meridian, ID 83646
      View Details
    • $2,300 /Mo
      11,300 SF

      Move-in Ready Meridian Office Suite

      Office suite in Meridian with private offices and open area.
      Office For Sublease, Meridian, ID 83642
      View Details
    • $16 SF/Yr

      Retail Spaces in Cherry Plaza

      Retail spaces for lease in a busy, anchored shopping center.
      44 E Fairview Ave, Meridian, ID 83642
      View Details
    • $40 SF/Yr

      New Retail Space Available

      New construction retail space in high-traffic Meridian location.
      3075 E Ustick Rd, Meridian, ID 83646
      View Details
    • Contact for pricing
      14,870 SF

      Meridian Office Space For Rent

      Prime Meridian office space with high visibility and modern amenities.
      1441 N Eagle Rd, Meridian, ID 83642
      View Details
    • $18 SF/Yr
      11,990 SF

      Prime Corner Retail Space Available

      High-visibility retail space in a growing Meridian neighborhood.
      1767 W Franklin Rd, Meridian, ID 83642
      View Details
    • $5,500 /Mo
      4,800 SF

      Meridian Industrial Space with Yard

      4,800 SF industrial space with fenced yard for lease.
      9000 W Chinden Blvd, Meridian, ID 83646
      View Details

    FAQs

    What type of property is this?
    Land - Prime Meridian location, flexible spaces available.
    Where is this land located?
    The property is located at Bower St Meridian, ID.
    What are key features of this property?
    This property features: Two lots totaling 0.303 to 0.668 acres available for lease, ground lease, or build-to-suit (BTS) development; suitable for office, retail, or live-work space.; Prime Meridian, ID location near downtown, City Hall, I-84, and amenities.; Adjacent to the MKA Building at Trackside, anchored by Keller Associates.
    (208) 947-0827 Call to check price and availability
    Request Owner's contact information
    Bower St Meridian, ID 83642
    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.
    Bower St
    Meridian, ID 83642
    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
    Bower St Meridian, ID 83642
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Holly Chetwood, Ccim
    Holly Chetwood, Ccim
    Real Estate License ID: SP39024
    (208) 947-0827 (208) 378-4600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!