Property profile

0 Locust Grove Rd Meridian, ID 83642

OFF-MARKET
Land
1.04 ac lot
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Property summary

AI-generated overview

This exceptional 1.037-acre commercial land parcel presents a remarkable investment opportunity in Meridian, Idaho. Strategically located on S Locust Grove Rd, this property boasts excellent visibility and accessibility, benefiting from high daily traffic counts. S Locust Grove Rd sees 11,000 vehicles daily, while nearby E Overland Rd experiences 25,500 vehicles per day. The property's central location offers convenient access to Interstate 84, ensuring seamless connectivity throughout the region. Adding to its appeal, this land shares cross-access with established businesses, including Metro Express Car Wash and Jackson's, creating a synergistic environment and potential for collaborative ventures. The property's size and location make it ideal for a variety of commercial developments, catering to diverse business needs. Its prime position within a thriving commercial corridor promises strong returns on investment. The Ada County location in the 83642 zip code provides access to a robust infrastructure and a growing community. This is a rare opportunity to acquire a highly desirable commercial land parcel in a rapidly developing area. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 1.04 ac (45,172 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Locust Grove Rd Meridian, ID 83642
Meridian metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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