Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1789 Heritage Park Ln Meridian, ID 83646-4855

    • Commercial land
    • 4.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0205056
    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

    • Meridian Medical Arts Charter / Charter School / High School

    Property Details for 1789 Heritage Park Ln

    Lot size
    4.46 lot acres
    Zone code
    L-O
    Property type
    Commercial land
    APN
    R2122120500
    APU
    R2122120500

    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
    -116.372
    Latitude
    43.6392
    CBSA code
    14260
    CBSA name
    BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.84 Acres

      Stanwich Dr

      VACANT COMMERCIAL LAND • 5.84 Acres
      Stanwich Dr, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      6.30 Acres

      Turnberry Way

      VACANT COMMERCIAL LAND • 6.30 Acres
      Turnberry Way, Meridian, ID 83646
      View Details
    • Value Estimation by Request
      10.52 Acres

      2100 Leighfield Dr

      VACANT COMMERCIAL LAND • 10.52 Acres
      2100 Leighfield Dr, Meridian, ID 83646-2590
      View Details
    • Value Estimation by Request
      54.60 Acres

      5450 Linder Rd

      VACANT COMMERCIAL LAND • 54.60 Acres
      5450 Linder Rd, Meridian, ID 83646-6106
      View Details
    • Value Estimation by Request
      3.77 Acres

      3800 Locust Grv Rd

      VACANT COMMERCIAL LAND • 3.77 Acres
      3800 Locust Grv Rd, Meridian, ID 83646-5510
      View Details
    • Value Estimation by Request
      12.85 Acres

      2051 Mcmillan Rd

      VACANT COMMERCIAL LAND • 12.85 Acres
      2051 Mcmillan Rd, Meridian, ID 83646-5149
      View Details

    Similar Nearby for Sale

    • $1,613,898
      107,766 SF

      Prime Land in Meridian Area

      Land/Office investment opportunity in a sought-after Meridian location.
      6280 N Black Cat Rd, Meridian, ID 83646
      View Details
    • $5,299,900
      3.91 Acres

      Commercial Land on Corner Lot

      Corner lot suitable for various commercial ventures in Meridian, ID.
      6305 N Black Cat Rd, Meridian, ID 83646
      View Details
    • $820,000
      0.71 Acres

      Prime Corner Lot in Star

      Corner lot in high-growth area, approved for retail and office.
      2 Gallup St, Star, ID 83646
      View Details
    • $1,883,970
      1 SF

      Prime Commercial Lots in Meridian

      Commercial lots in high-growth area near future outpatient center.
      6489 N Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      1 SF

      Commercial Lot in Centrepoint Marketplace

      Commercial lot for sale with strong co-tenancy.
      N Eagle Rd, Meridian, ID 83646
      View Details
    • $835,307
      1 SF

      Meridian Land Development Opportunity

      Prime commercial land in rapidly developing North Meridian.
      4900 N Cortona Way, Meridian, ID 83646
      View Details

    Similar Nearby for Lease

    • $1,127,760
      37,592 SF

      Prime Retail Land For Lease

      Retail ground lease opportunity in North Meridian's commercial hub.
      4895 N Linder Rd, Meridian, ID 83646
      View Details
    • $23 SF/Yr

      Meridian Commercial Land Opportunity

      Prime North Meridian lots, retail potential.
      6489 Levi Ave, Meridian, ID 83646
      View Details
    • Contact for pricing
      38,333 SF

      4873 Cortona Way

      Land • 0.88 Acres
      4873 Cortona Way, Meridian, ID 83646
      View Details
    • $45 SF/Yr
      1,110 SF

      Meridian Land For Lease

      Land available for lease in Meridian, Idaho.
      3485 W Chinden Blvd, Meridian, ID 83646
      View Details
    • $25 SF/Yr
      1,338 SF

      Meridian Retail Space - Prime Location

      Modern Retail Space, High Traffic Area
      4744 Park Crossing Ave, Meridian, ID 83646
      View Details
    • $35 SF/Yr
      12,267 SF

      Ten Mile Retail

      Neighborhood centers • 12,267 SF
      3149 Quintale Rd, Meridian, ID 83646
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1789 Heritage Park Ln
    Meridian, ID 83646-4855
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.