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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1041 Chinden Blvd Meridian, ID 83646

    • Retail space
    • 11,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0110780
    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

    • Retail space

    Property Details for 1041 Chinden Blvd

    Property size
    11,000 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional retail opportunity is located within Orchard Park, a brand-new mixed-use development in Meridian, Idaho, slated to open in 2025. Situated at 1041 W Chinden Blvd, this property offers unparalleled visibility and accessibility along a major thoroughfare. The total building size encompasses 11,000 square feet, with multiple spaces available for lease. Individual units range from a minimum of 1,492 square feet to a maximum contiguous space of 3,597 square feet, providing flexibility for various retail concepts. Currently, 10,987 square feet are vacant, presenting a unique chance to establish a presence in a rapidly growing area. The property is categorized as street retail within a commercial setting, ensuring high foot traffic and excellent brand exposure. This prime location in Ada County, Idaho, zip code 83646, offers businesses the chance to capitalize on Meridian's thriving economy and expanding population. The property's strategic placement promises significant returns for forward-thinking retailers seeking a prominent location in a dynamic market. Don't miss this chance to secure your space in this exciting new development.

    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
    -116.406645
    Latitude
    43.66234

    Comparable in this City

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      10,000 SF

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    • $26 SF/Yr
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      Retail Space in Meridian, ID

      Retail space available for lease in Meridian, Idaho.
      3648-3624 N Centrepoint Way, Meridian, ID 83646
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      New Retail Space Available

      New construction retail space in high-traffic Meridian location.
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      Retail Space on Idaho Center

      Retail opportunity with high visibility on Idaho Center Boulevard.
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      Retail Space in North Meridian

      Retail spaces available in North Meridian, from 1,085 to 4,333 SF.
      191 W Archerfield St, Meridian, ID 83646
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    Similar Nearby for Sale

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      4,350 SF

      Retail/Medical Space in High-Traffic Corridor

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      Free-Standing Retail/Flex Building

      4,234 SF retail/flex building in a prime Meridian location.
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      Prime Corner Lot in Star

      Corner lot in high-growth area, approved for retail and office.
      2 Gallup St, Star, ID 83646
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      Premier Retail Space in Meridian

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      Retail Space in Meridian Development

      Retail space available in a new mixed-use Meridian development.
      1041 West Chinden Blvd, Meridian, ID 83646
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      Premier Retail and Restaurant Space

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      1307 W Chinden Blvd, Meridian, ID 83646
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    Similar Nearby for Lease

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      10,000 SF

      Meridian Mixed-Use Spaces

      Modern Craftsman building, flexible suites.
      6557 Crafted Ln, Meridian, ID 83646
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    • $26 SF/Yr
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      Retail Space in Meridian, ID

      Retail space available for lease in Meridian, Idaho.
      3648-3624 N Centrepoint Way, 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
    • $40 SF/Yr

      New Retail Space Available

      New construction retail space in high-traffic Meridian location.
      3075 E Ustick Rd, Meridian, ID 83646
      View Details
    • $25 SF/Yr
      5,393 SF

      Retail Space on Idaho Center

      Retail opportunity with high visibility on Idaho Center Boulevard.
      5961 Big Sur Ln, Nampa, ID 83646
      View Details
    • Contact for pricing
      4,333 SF

      Retail Space in North Meridian

      Retail spaces available in North Meridian, from 1,085 to 4,333 SF.
      191 W Archerfield St, Meridian, ID 83646
      View Details

    Property Visit Statistics

    • Visits by month
      14.7k
    • Visitors by month
      9.2k
    • Avg Time on site
      7 min
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    1041 Chinden Blvd
    Meridian, ID 83646
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    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
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