Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1627 Linder Rd Meridian, ID 83646

    • Commercial real estate
    • 78,844 SF
    • 1.81 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0232028
    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 1627 Linder Rd

    Lot size
    1.81 lot acres
    Property size
    78,844 SF
    Property type
    Commercial real estate
    APN
    R1386900153

    Description

    This exceptional 1.81-acre commercial land parcel, identified by APN R1386900153, presents a unique investment opportunity in Meridian, Idaho. Located at the highly visible northwest corner of Cherry and Linder Roads, this property boasts 78,844 square feet and is priced at $1,450,000, or $18.39 per square foot. The site is designated as a single retail pad (Pad 1) and is zoned C-N by the City of Meridian, allowing for a wide range of retail uses. Situated within the established Cherry Crossing neighborhood center, this location benefits from excellent visibility and accessibility, making it ideal for a variety of retail businesses. Its prime location in Meridian, one of the fastest-growing cities in the United States, ensures strong potential for future growth and return on investment. The property's size and zoning provide ample opportunity for development, catering to a variety of retail concepts. This is a rare chance to acquire a highly desirable retail pad in a thriving market. Serious inquiries are encouraged.

    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
    -116.41428
    Latitude
    43.619765

    Comparable in this City

    • Contact for pricing
      1.01 Acres

      Centrepoint Marketplace Land - Meridian, ID

      Prime Commercial Lot, High Traffic Area
      3311 Eagle Rd, Meridian, ID 83646
      View Details
    • Contact for pricing
      1.33 Acres

      Meridian Commercial Land Opportunity

      Prime Commercial Lots, North Meridian, Idaho
      6489 Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      2.93 Acres

      Meridian Commercial Land Opportunity

      Prime Meridian lots, C-G zoning, high growth.
      3331 Burley Ave, Meridian, ID 83646
      View Details
    • $1,883,970
      1 SF

      Prime Commercial Lots in Meridian

      Commercial lots in high-growth area near future outpatient center.
      6489 N Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      0.85 Acres

      Meridian Commercial Land Opportunity

      Prime Meridian lots, high-growth area.
      3214 Burley Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      1.63 Acres

      Meridian Commercial Land Opportunity

      1.6 Acres, C-G Zoning, High Growth
      3386 Burley Ave, Meridian, ID 83646
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.33 Acres

      Meridian Commercial Land Opportunity

      Prime Commercial Lots, North Meridian, Idaho
      6489 Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      2.93 Acres

      Meridian Commercial Land Opportunity

      Prime Meridian lots, C-G zoning, high growth.
      3331 Burley Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      1.01 Acres

      Centrepoint Marketplace Land - Meridian, ID

      Prime Commercial Lot, High Traffic Area
      3311 Eagle Rd, Meridian, ID 83646
      View Details
    • $1,883,970
      1 SF

      Prime Commercial Lots in Meridian

      Commercial lots in high-growth area near future outpatient center.
      6489 N Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      0.85 Acres

      Meridian Commercial Land Opportunity

      Prime Meridian lots, high-growth area.
      3214 Burley Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      1.63 Acres

      Meridian Commercial Land Opportunity

      1.6 Acres, C-G Zoning, High Growth
      3386 Burley Ave, Meridian, ID 83646
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr

      Meridian Commercial Land Opportunity

      Prime North Meridian lots, retail potential.
      6489 Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      38,333 SF

      4873 Cortona Way

      Land • 0.88 Acres
      4873 Cortona Way, Meridian, ID 83646
      View Details
    • $1,127,760
      37,592 SF

      Prime Retail Land For Lease

      Retail ground lease opportunity in North Meridian's commercial hub.
      4895 N Linder Rd, Meridian, ID 83646
      View Details
    • $45 SF/Yr
      1,110 SF

      Meridian Land For Lease

      Land available for lease in Meridian, Idaho.
      3485 W Chinden Blvd, Meridian, ID 83646
      View Details
    • $20 SF/Yr
      10,090 SF

      Prime Meridian Retail/Office Space

      Versatile space in high-traffic Meridian location, ideal for retail/office.
      2498 East Fairview Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      11,000 SF

      Meridian Retail Space: Orchard Park

      High-visibility retail spaces in booming Meridian, ID.
      1041 Chinden Blvd, Meridian, ID 83646
      View Details
    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.
    1627 Linder Rd
    Meridian, ID 83646
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.