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Property profile & analytics
OFF-MARKET
Land

0 Lake Hazel Rd Meridian, ID 83642

20 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 20-acre parcel in Meridian, Idaho, presents a unique opportunity for multi-family development. Located on E Lake Hazel Rd, in Ada County (zip code 83642), this property boasts an incredible location within one of the nation's most desirable cities. The site is zoned for a substantial project, with the potential for 246+ units—a rare find in this competitive market. This infill opportunity is surrounded by high-end developments, ensuring a strong demand for residential units. The property offers significant advantages, including full access to utilities already stubbed on-site, simplifying the development process. Its convenient location provides easy access to major transportation arteries, being less than 10 minutes from Interstate 84 and Downtown Meridian. Commuting is further facilitated by proximity to Meridian and Eagle Roads. Future residents will enjoy abundant community amenities, including a clubhouse, basketball and pickleball courts, a playground, and a dog run. This is a truly exceptional opportunity to capitalize on the thriving Meridian real estate market and create a thriving multi-family community.

Property profile
Verified
Property type Land
Lot 20 ac (871,200 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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