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    113 Ten Mile Rd Meridian, ID 83642
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    Property profile & analytics

    113 Ten Mile Rd Meridian, ID 83642

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    • Retail space
    • 2,300 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US27-0321583
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Starbucks / Cafe & Coffee Shop

    Property Details for 113 Ten Mile Rd

    Year built
    2023
    Lot size
    0.85 lot acres
    Property size
    2,300 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional investment opportunity presents a 2,300 square foot, newly constructed (2023) Starbucks located at 113 S Ten Mile Rd, Meridian, ID 83642. The property sits on a 0.85-acre lot within the thriving Discovery mixed-use development, boasting 559 residential units and 166,425 square feet of additional retail and office space. This prime location benefits from its proximity to Idaho State University (3.5 miles), a strong demographic base (154,513 residents within a 5-mile radius with an average household income of $119,651), and significant projected income growth in the surrounding area. The 10-year net lease (NN+) with Starbucks Corporation, a credit-rated tenant with a corporate guarantee, includes 10% rental increases every five years, ensuring a stable and appreciating asset. The lease commenced October 20, 2023, and expires February 28, 2034. The property features a dual-lane drive-thru and patio seating, maximizing customer convenience. Its high-visibility location along South Ten Mile Road (32,000 AADT) and excellent access to Interstate 84 (136,000 AADT) guarantee significant traffic exposure. The property offers a 4.75% cap rate and a current NOI of $145,000, making it an attractive investment opportunity for a 1031 exchange. The asking price is $3,053,000. This is a truly exceptional opportunity to acquire a trophy asset in a high-growth market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.4338543
    Latitude
    43.60326537

    Comparable in this City

    • Contact for pricing

      Mixed-Use Development Opportunity

      Land available for retail, restaurant, office, or service businesses.
      75 S Ten Mile Rd, Meridian, ID 83642
      View Details
    • Contact for pricing
      20,000 SF

      Mixed-Use Development Retail Opportunity

      Retail and restaurant spaces available in a growing mixed-use development.
      75 S Ten Mile Rd, Meridian, ID 83642
      View Details
    • Contact for pricing
      10,701 SF

      Mixed-Use Development at Eagle View

      Mixed-use development with office, retail, and hospitality spaces.
      1184 S Silverstone Way, Meridian, ID 83642
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Development Opportunity

      Land available for retail, restaurant, office, or service businesses.
      75 S Ten Mile Rd, Meridian, ID 83642
      View Details
    • Contact for pricing
      20,000 SF

      Mixed-Use Development Retail Opportunity

      Retail and restaurant spaces available in a growing mixed-use development.
      75 S Ten Mile Rd, Meridian, ID 83642
      View Details
    • Contact for pricing
      10,701 SF

      Mixed-Use Development at Eagle View

      Mixed-use development with office, retail, and hospitality spaces.
      1184 S Silverstone Way, Meridian, ID 83642
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,174 SF

      Meridian Retail Space with Drive-Through

      Former coffee & retail space with drive-through on Eagle Road.
      1630 S Eagle Rd, Meridian, ID 83642
      View Details
    • Contact for pricing

      Commercial Space in Meridian, Idaho

      Commercial space available for rent in Meridian, Idaho.
      33 E Idaho Ave, Meridian, ID 83642
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    • Contact for pricing
      1,567 SF

      Retail Space Available November 2024

      Former salon space available for rent starting November 1, 2024.
      3100 E Florence St, Meridian, ID 83642
      View Details

    Property Visit Statistics

    • Visits by month
      16.8k
    • Visitors by month
      12.6k
    • Avg Time on site
      13 min
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    Meridian, ID 83642
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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.

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