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

    1542 Elk Creek Dr, Unit 1 Idaho Falls, ID 83404

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Idaho Falls, ID

    Type:Office
    Property size:
    1,837 SF
    Days on Market:
    2
    Last Refresh:
    Feb 13 at 8:06 pm

    Property Features for 1542 Elk Creek Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Size
    1,837 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    1

    We can help!

    Listing Contact
    Ryan Webster
    Ryan Webster

    Keller Williams Realty East Idaho (208) 529-8888

    Listing agent Ryan Webster (208) 221-0995

    Listing date Feb 12, 2026

    MLS# 2179630

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Idaho Falls Commercial Office Space

    Located in Kensington Professional Park, this commercial space is situated within a busy medical and business complex. The property offers convenient access and ample parking. It is suitable for a medical office or general business office. The main floor features an open waiting room, a custom built-in reception desk, and a custom work area. There are three additional individual offices or patient rooms, along with a large room previously used as a surgical room. The space includes two restrooms. The property provides a blend of location, exposure, and amenities. The office space measures 1837 square feet and is located in Idaho Falls, Idaho.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teton Hand Surgery Medical Clinic Idaho IVF Center Medical Clinic Joseph Hall, DC Alternative Medicine Practice Brady Wirick Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Countryside Veterinary Hospital: Shoemaker Kathy DVM, Countryside Veterinary Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -112.0036182
    Latitude
    43.4650319

    Nearby Similar for Lease

    • New
      Contact for pricing
      4,050 SF

      Idaho Falls Commercial Space For Rent

      Spacious office in Kensington Professional Park, ideal for medical or business.
      1542 Elk Creek Dr, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      4,836 SF

      Renovated Retail/Office Space Available

      Prime location, renovated in 2023, suitable for office or retail.
      2285 N Yellowstone Hwy, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      2,800 SF

      Idaho Falls Standalone Office Building

      2,800 sq ft office building for lease or purchase.
      1190 E Lincoln Rd, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      1,863 SF

      Idaho Falls Office Space For Rent

      Affordable office space with revitalization potential in central Idaho Falls.
      1409 Benton St, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      4,230 SF

      Idaho Falls Office Building Rental

      Office building with highway visibility and quick highway access.
      2535 Boulevard N, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      2,000 SF

      Idaho Falls Industrial Space Available

      2,000 SF industrial space with offices and bay doors.
      3821 Professional Way, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      3,920 SF

      Idaho Falls Office Space Available

      3,920 SF office space for lease in Idaho Falls.
      665 Anderson St, Idaho Falls, ID 83401
      View Details
    • Contact for pricing
      13,439 SF

      Downtown Idaho Falls Retail Space

      8,369 SF retail space in downtown Idaho Falls.
      330 Shoup Ave, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      3,500 SF

      Idaho Falls Flex Space Available

      3,500 SF flex space with office and shop areas.
      665 Anderson St, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      1,400 SF

      Idaho Falls Second-Level Office Space

      1,400 SF office space with private entrance and parking.
      4016 Professional Way, Idaho Falls, ID 83402
      View Details
    • Contact for pricing
      1,722 SF

      Idaho Falls Office/Flex Space

      1,722 SF office/flex space featuring showroom, kitchen, and shop.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details
    • New
      Contact for pricing
      3,842 SF

      Idaho Falls Commercial Space Available

      Flex, industrial, office, and warehouse space for lease.
      1230 Skyline Dr Unit, Idaho Falls, ID 83402
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime location office space in Kensington Professional Park.
    Where is this medical office located?
    The property is located at 1542 Elk Creek Dr, Unit 1 Idaho Falls, ID.
    What are key features of this property?
    This property features: - Prime location in Kensington Professional Park, offering high visibility and accessibility.; - Suitable for medical or general business office use.; - Ample parking available.
    (208) 529-8888
    Request Owner's contact information
    1542 Elk Creek Dr, Unit 1 Idaho Falls, ID 83404
    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.
    1542 Elk Creek Dr, Unit 1
    Idaho Falls, ID 83404
    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
    1542 Elk Creek Dr, Unit 1 Idaho Falls, ID 83404
    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

    We can help!
    Listing Contact
    Ryan Webster
    Ryan Webster
    Real Estate License ID: SP30269
    (208) 529-8888 (208) 221-0995
    Learn more
    Google sign-in failed. Please try again or use another login method.