Technical
Financial
Distress signals
Property profile

6110 West Ustick Rd Meridian, ID 83646

FOR LEASE
Land
Property ID
US27-0150673
4.38 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4.38-acre parcel in Meridian, Idaho, presents a remarkable commercial and residential development opportunity. Strategically located on Ustick Rd near the proposed Highway 16 extension, this property boasts significant advantages. The land is currently zoned RUT, but applications are pending with the City of Meridian for annexation, zoning changes, a preliminary plat, and conditional use permits encompassing R-40, R-15, and C-G zones. The preliminary plat anticipates subdividing the land into individual lots, with a focus on townhomes (R-15) at the intersection of McDermott and Ustick Roads. A potential Comprehensive Plan Amendment aims to shift the land designation from Mixed Use-Regional to Mixed Use-Interchange, further enhancing development potential. The property's western side, situated beyond Highway 16, is slated for C-G zoning along Ustick and Owyhee, while R-40 zoning is planned behind commercial properties near Owyhee High School. Existing infrastructure includes Meridian City Water access on Ustick Road, extending westward to the high school. Sewer lines are located approximately a quarter-mile north on McDermott Road, offering ample capacity for future expansion. The property currently features a 2,980-square-foot home, several outbuildings, an artesian well, and pastureland. Adjacent to the property, a 40-acre parcel has been acquired for the McDermott Village Subdivision, indicating strong surrounding development. This prime location, coupled with the pending zoning changes and infrastructure, makes this a highly attractive investment for discerning developers. The asking price is $1,800,000.

Property profile

Verified
Property type Land
Lot 4.38 ac (190,793 SF)
UPID US27-0150673

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6110 West Ustick Rd Meridian, ID 83646
Meridian metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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