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

    370 Meridian St Blackfoot, ID 83221-1625

    • Commercial real estate
    • 0.77 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0413647
    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

    • Commercial real estate

    Property Details for 370 Meridian St

    Lot size
    0.77 lot acres
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    RP1402700
    APU
    RP1402700

    Description

    This exceptional 2,490 square foot office space is ideally situated at 370 N Meridian St, Blackfoot, ID 83221, within Bingham County. The property is classified as a single-tenant traditional office building, perfect for a business seeking a standalone location. The building's total square footage is 2,490 square feet, offering ample room for various office configurations. Its location in Blackfoot, Idaho provides easy access to local amenities and transportation routes. The property is well-suited for a variety of professional uses, offering a functional and efficient layout. This is a fantastic opportunity for a company looking to establish a strong presence in a thriving community. The address is conveniently located at 370 N Meridian St, making it easily accessible for clients and employees. This single-tenant occupancy ensures privacy and control over the entire space. Serious inquiries are encouraged to explore the potential of this remarkable office property. The property is ready for immediate occupancy, allowing for a swift and seamless transition for your business. Don't miss this chance to secure a prime office space in a desirable location. Contact us today to schedule a viewing and discuss your business needs. The property is located in Bingham County, Idaho, offering a blend of small-town charm and convenient access to regional resources.

    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
    Blackfoot
    County
    Bingham
    State
    Idaho
    Longitude
    -112.356
    Latitude
    43.1962
    CBSA code
    13940
    CBSA name
    BLACKFOOT, ID MICROPOLITAN 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
    2024
    $15,576
    $100,970
    $582,360
    $683,330
    -
    $100,970
    $582,360
    $683,330

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      1002 Rupe Dr

      Commercial real estate • 0.18 Acres
      1002 Rupe Dr, Blackfoot, ID 83221
      View Details
    • Value Estimation by Request
      2.07 Acres

      1615 Camas St

      COMMERCIAL (GENERAL) • 2.07 Acres
      1615 Camas St, Blackfoot, ID 83221-3069
      View Details
    • Value Estimation
      $505,000
      2.12 Acres

      Chuckwagon Pl

      COMMERCIAL (GENERAL) • 2.12 Acres
      Chuckwagon Pl, Blackfoot, ID 83221
      View Details
    • Value Estimation by Request
      3.18 Acres

      467 Hwy 26

      COMMERCIAL (GENERAL) • 3.18 Acres
      467 Hwy 26, Blackfoot, ID 83221-5521
      View Details
    • Value Estimation by Request
      1.02 Acres

      651 Hwy 26

      COMMERCIAL (GENERAL) • 1.02 Acres
      651 Hwy 26, Blackfoot, ID 83221-5413
      View Details
    • Value Estimation by Request
      0.38 Acres

      614 Hwy 39

      COMMERCIAL (GENERAL) • 0.38 Acres
      614 Hwy 39, Blackfoot, ID 83221-5508
      View Details

    Similar Nearby for Sale

    • $500,000
      5.17 Acres

      Prime Blackfoot Commercial Land

      5.17 Acres, Hwy 39 Frontage
      524 S W, Blackfoot, ID 83221
      View Details
    • $300,000
      0.16 Acres

      Blackfoot Commercial Property Investment

      Multi-unit building, high rental income.
      25 Way, Blackfoot, ID 83221
      View Details
    • Contact for pricing
      0.04 Acres

      Blackfoot Shop/Office Space Available

      Prime Blackfoot location, 1650 sq ft, available September 15th.
      15 Way, Blackfoot, ID 83221
      View Details
    • $5,000,000
      0.18 Acres

      Prime Blackfoot Commercial Property

      Modern facility, ideal location, exceptional features.
      1002 Rupe Dr, Blackfoot, ID 83221
      View Details
    • $4,476,000
      57.31 Acres

      Blackfoot, ID Commercial Land

      57 Acres, Highway 15 Frontage
      0 Rose Rd, Blackfoot, ID 83221
      View Details
    • $460,000
      5.18 Acres

      High-Visibility Blackfoot Commercial Land

      Prime Hwy 39 location, 5 acres, high traffic.
      39 Tbd Hwy, Blackfoot, ID 83221
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      4,000 SF

      Blackfoot Flex Space - Highway Frontage

      4,000 SF Flex Space, Bingham County, ID
      1801 Airport Rd, Blackfoot, ID 83221
      View Details
    • $1,800 /Mo
      2,156 SF

      Blackfoot Retail Space For Lease

      Customizable retail space in high-traffic area near Wal-mart and freeway.
      1175 Parkway Dr, Blackfoot, ID 83221
      View Details
    • Contact for pricing
      5,300 SF

      Blackfoot Retail Space For Lease

      Updated commercial building with open space available for lease.
      27 N Main St, Blackfoot, ID 83221
      View Details
    • $2,436 /Mo
      116,752 SF

      Retail Space with Warehouse

      Large retail space with offices, storage, and warehouse area.
      1350 Parkway Dr, Blackfoot, ID 83221
      View Details
    • $3,685 /Mo
      5,324 SF

      Retail Space in Blackfoot, ID

      Commercial building for lease on Main Street in Blackfoot.
      27 N Main St, Blackfoot, ID 83221
      View Details
    • Contact for pricing
      2,215 SF

      Established Market in Blackfoot, ID

      Well-established market available for rent in a prime location.
      805 S Broadway St, Blackfoot, ID 83221
      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.
    370 Meridian St
    Blackfoot, ID 83221-1625
    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.