Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3597 Monarch Sky Ln Meridian, ID 83646
    Back to Search
    Property profile & analytics

    3597 Monarch Sky Ln, Meridian, ID 83646

    View on Map
    • Office Spaces
    • 16,006 SF
    For Lease
    $75 SF/Yr
    View Listing →
    Meridian Executive Office Space For Lease
    $75 SF/Yr

    Meridian Executive Office Space

    Modern, flexible office solutions in vibrant Meridian.

    3597 Monarch Sky Ln, Meridian, ID 83646
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Galiant Homes, LLC / Construction Company / General Contractor
    • Raymond Chace - Chace United Mortgage and Financial Services, a professional association / Loan Service / Bank
    • Citywide Home Loans - Jared Lau / Loan Service / Bank
    • SmartStory Technologies, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Jayse Software / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 3597 Monarch Sky Ln

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This Class A, 16,006 square foot office building, renovated in 2019, offers a diverse range of workspace solutions in the desirable Village at Meridian. The property features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. Options include private, fully furnished executive offices, customizable to individual needs, coworking spaces designed for collaboration with dedicated desks or hot-desking, and technologically advanced meeting rooms equipped for presentations and workshops. A virtual office option is also available, providing a professional business address with mail forwarding and call answering services. The building boasts convenient amenities such as on-site daycare and excellent transportation links. The European-style architecture creates an inspiring work environment within a thriving business community. Multiple membership options provide flexibility to suit various work styles, offering access to a global network of locations. Elevators are available. Located in Ada County, this property is ideal for businesses seeking a modern, versatile, and conveniently located workspace. Note that images may not represent this specific center, and pricing is subject to change based on selection and services.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.436
    Latitude
    43.6435

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      6557 Crafted Ln

      Restaurants
      6557 Crafted Ln, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      1.94 Acres

      4855 Cortona Way

      Neighborhood centers
      4855 Cortona Way, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      5,393 SF

      5961 Big Sur Ln

      Office Spaces
      5961 Big Sur Ln, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      0.73 Acres

      1527 Orch Park Dr

      Land
      1527 Orch Park Dr, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      0.88 Acres

      4873 Cortona Way

      Land
      4873 Cortona Way, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      1.59 Acres

      3147 Belltower Dr

      Medical Office Space
      3147 Belltower Dr, Meridian, ID 83646
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,161 SF

      Meridian Office Condo For Sale

      1,161 SF office condo in North Meridian for sale.
      1430 W Ustick Rd, Meridian, ID 83646
      View Details
    • Contact for pricing
      16,228 SF

      Retail/Office Space Near Costco

      Proposed retail/office buildings in a rapidly growing area.
      4855-4855 N Cortona Way, Meridian, ID 83646
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      0.88 acres available for sale, lease, or build-to-suit.
      4873 N Cortona Way, Meridian, ID 83646
      View Details
    • Contact for pricing
      7,850 SF

      Meridian Office Building For Sale

      Office building for sale in a rapidly developing area.
      Unknown, Meridian, ID 83646
      View Details

    Similar Nearby for Lease

    • $75 SF/Yr
      16,006 SF

      Meridian Executive Office Space

      Modern, flexible office solutions in vibrant Meridian.
      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • Sponsored
      Contact for pricing

      ID, Meridian - The Village at Meridian

      Discover many ways to work your way in Lynnhaven
      3597 Monarch Sky Ln, Meridian, ID 83646
      View Details
    • Contact for pricing
      2,450 SF

      Retail-Office Condo in Meridian

      Retail-office condo available for lease in Meridian, Idaho.
      1446-1494 W Ustick Rd, Meridian, ID 83646
      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
    View Listing
    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.
    3597 Monarch Sky Ln
    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

    Thank You for Inquiry
    3597 Monarch Sky Ln, Meridian, ID, 83646
    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!