4379 Locust Grove Rd Meridian, ID 83646
This exceptional 0.52-acre commercial land parcel, located at 4379 N. Locust Grove Rd., Meridian, ID 83646 (APN R1608650275), presents a prime opportunity for office development. Zoned L-O (Limited Office), this shovel-ready site boasts 120 feet of frontage on Locust Grove Road, enjoying high visibility and approximately 12,713 vehicles per day. Complete construction plans and building permits are included for a ±7,700 square foot multi-tenant office building, streamlining the development process. The property's strategic location offers easy access to major roadways, including proximity to Chinden Boulevard and Eagle Road (1.3 miles) and Interstate 84 (4.2 miles). Nearby amenities and retail centers include The Village at Meridian, Eagle Marketplace, Gateway Marketplace, and Ustick Marketplace, providing significant convenience and attracting a strong workforce. This is an exceptional opportunity to capitalize on Meridian's thriving commercial market. The asking price is $349,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.