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    Property profile & analytics

    890 Lake Hazel Rd Meridian, ID 83642

    • Commercial real estate
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0234909
    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 890 Lake Hazel Rd

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10-acre parcel is situated on Lake Hazel Road, bordering Kuna, in the rapidly growing Meridian area of Ada County, Idaho. The property boasts a desirable RUT zoning designation, offering various development possibilities. The land is remarkably level, simplifying construction and site preparation. A significant advantage is the presence of a large, clean shop already on the property. Furthermore, a new substation is planned for construction nearby, enhancing the area's infrastructure. The asking price is $2,600,000, translating to a land value of $5.92 per square foot. The property's address is 890 W Lake Hazel Rd, Meridian, ID 83642. There is a potential for an additional 10 acres to be acquired, expanding the total acreage to 20. This presents a unique opportunity for investors and developers seeking a substantial land holding in a thriving Idaho community. Please note that the property is located between Meridian Road and Linder Road. Existing homeowners should not be disturbed. A site tour can be arranged upon request.

    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
    -116.404691
    Latitude
    43.5486081

    Comparable in this City

    • $1,200,000
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      Meridian Acreage with Dual Zoning

      Acreage property with dual zoning near Meridian's amenities.
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      High visibility land suitable for multi-family, commercial, or retail.
      1360 Rolling Hill Dr, Meridian, ID 83642
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      10.00 Acres

      Meridian, ID: 10-Acre Development Land

      Prime 10-acre commercial/residential lot in Meridian, ID.
      65 Lake Hazel Rd, Meridian, ID 83642
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    • $1,700,000
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      Spacious Home Near Eagle Road

      6-bed, 4-bath home with upgrades and ample living space.
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    • New
      $439,000
      1,891 SF

      Single-Level Townhome with Upgrades

      Well-maintained Meridian townhome featuring a spacious layout and modern amenities.
      1849 E Horse Creek Ct, Meridian, ID 83642
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    • $690,000
      3,556 SF

      Meridian Duplex in Entrata Farms

      Duplex in desirable Entrata Farms, Meridian, near I-84.
      4044 W Ski Jump Ln, Meridian, ID 83642
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1.99 Acres

      Meridian Acreage with Dual Zoning

      Acreage property with dual zoning near Meridian's amenities.
      2910 E Victory Rd, Meridian, ID 83642
      View Details
    • $850,000
      1.08 Acres

      Land with Development Potential

      High visibility land suitable for multi-family, commercial, or retail.
      1360 Rolling Hill Dr, Meridian, ID 83642
      View Details
    • Contact for pricing
      10.00 Acres

      Meridian, ID: 10-Acre Development Land

      Prime 10-acre commercial/residential lot in Meridian, ID.
      65 Lake Hazel Rd, Meridian, ID 83642
      View Details
    • $1,700,000
      5,332 SF

      Spacious Home Near Eagle Road

      6-bed, 4-bath home with upgrades and ample living space.
      3160 E Springwood Dr, Meridian, ID 83642
      View Details
    • New
      $439,000
      1,891 SF

      Single-Level Townhome with Upgrades

      Well-maintained Meridian townhome featuring a spacious layout and modern amenities.
      1849 E Horse Creek Ct, Meridian, ID 83642
      View Details
    • $690,000
      3,556 SF

      Meridian Duplex in Entrata Farms

      Duplex in desirable Entrata Farms, Meridian, near I-84.
      4044 W Ski Jump Ln, Meridian, ID 83642
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Meridian Retail Land Opportunity

      High-traffic Fairview Ave location, two build-to-suit lots.
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      Land For Rent Meridian

      Land available for rent in Meridian, Idaho.
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      4,525,013 SF

      Meridian I-84 Development Land

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      0 Tbd 10 Mile - I84, Meridian, ID 83642
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      29,098 SF

      Meridian, ID Office & Retail Lots

      Prime Meridian location, flexible spaces available.
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      8,400 SF

      Meridian Retail Opportunity

      High-visibility retail land, build-to-suit.
      3155 Fairview Ave, Meridian, ID 83642
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    • Contact for pricing
      136,343 SF

      Meridian Restaurant Pad Site

      Prime 3.13-acre restaurant land.
      715 Fairview Ave, Meridian, ID 83642
      View Details
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    890 Lake Hazel Rd
    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.

    More about this property
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