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    Unknown Meridian, ID 83646
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    Unknown, Meridian, ID 83646

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    • Office buildings
    • 7,850 SF
    For Sale
    $3,140,000
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    Meridian Office Building For Sale For Sale
    $3,140,000
    7,850 SF

    Meridian Office Building For Sale

    Office building for sale in a rapidly developing area.

    4747 N Summit Way, Meridian, ID 83646
    View Listing
    Property ID
    US27-0229271
    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

    • Office buildings

    Property Details for Unknown

    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    Cedar Springs Office Park is centrally located off McMillan Road, between Meridian Road and Linder Road. Only 10 minutes to the I84 interchange at Ten Mile. The location is surrounded by rapid development of amenities including Orchard Park at Linder, Fred Meyer, WinCo, Walmart and numerous restaura ... nts and eateries. With premium finishes and attention to detail Biltmore Co has numerous building styles and sizes to choose from whether you wish to have an entire building for your business or wish to lease a portion out with a tenant we have your office needs taken care of at Cedar Springs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.398
    Latitude
    43.6097

    Comparable in this City

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      Meridian Office Building For Sale

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      5,369 SF

      Meridian Office Building For Sale

      Office building for sale in a rapidly developing area.
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      1,161 SF

      Meridian Office Condo For Sale

      1,161 SF office condo in North Meridian for sale.
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      16,228 SF

      Retail/Office Space Near Costco

      Proposed retail/office buildings in a rapidly growing area.
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      5,794 SF

      Meridian Office Building For Sale

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      Meridian Office Building For Sale

      Office building for sale in a rapidly developing area.
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    • $3,500,000

      Meridian Medical Office Investment Opportunity

      Turnkey medical office investment in a rapidly growing market.
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      Prime Commercial Land Opportunity

      0.88 acres available for sale, lease, or build-to-suit.
      4873 N Cortona Way, Meridian, ID 83646
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    Similar Nearby for Lease

    • $176,000
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      Office Building with Onsite Parking

      Flexible office and medical build-out options with onsite parking for a streamlined tenant setup.
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      Premier Office Space at Meridian Village

      Luxurious office spaces in Idaho's premier shopping and entertainment destination.
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      Prime Meridian Retail/Office Space

      Exceptional property in Meridian, ID, ideal for retail or office.
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      Retail Buildings in Growing Meridian

      Retail and office spaces available in rapidly growing North Meridian.
      3149 Quintale Rd, Meridian, ID 83646
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      Mixed-Use Space in Meridian

      Street-level commercial space available for lease in Meridian, ID.
      6557 N Crafted Ln, Meridian, ID 83646
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      2,450 SF

      Retail-Office Condo in Meridian

      Retail-office condo available for lease in Meridian, Idaho.
      1446-1494 W Ustick Rd, Meridian, ID 83646
      View Details
    View Listing
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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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