Turn-Key Medical Office
2860 Channing Way Idaho Falls, ID 83404
2860 Channing Way, Idaho Falls, ID, 83404
$470,000
Pending
For Sale
$470,000
Pending
COMMERCIAL - Idaho Falls, ID
Property Size1,596 SF
Lot Size0.14 Acres
Days on Market43
Property Features for 2860 Channing Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 4
- Parking features
- Assigned, Parking Lot, Off Street
- Exterior features
- Lighting
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Pending
- APN
- RPA8302000112O
- Size
- 1,596 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT # 112, I F MEDICAL OFFICE BLDG CONDO'S AMENDED # 2 NW COR LOT 1,
- Tax Annual Amount
- 2819
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Building materials
- Brick
Listing Agency
Keller Williams Realty East Idaho
(208) 529-8888
3525 Merlin Drive, Idaho Falls, ID
Listed by
The Jones Group
(208) 529-8888
Added: Jun 8 Updated: Jun 30 at 1:11 am Checked: Jul 20 at 8:06 pm
MLS# 2185144
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.
Investment Insights
Based on property information with market context.
Privately owned and move-in-ready, this turn-key medical office condo is located in a medical office building attached to EIRMC and is the last privately owned unit in the building. The layout includes an exam room, a dedicated procedure room, a welcoming reception and waiting area, a large private office for the physician and assistants, a staff breakroom, two restrooms, and storage areas.
The space is designed for efficient patient flow and comfortable visits, with the convenience of being connected to a hospital environment and medical specialists. The property also offers ample parking.
This is a for-sale opportunity for a medical practice looking for an operational space with a complete interior buildout already in place. The current owner would consider a lease-back until 2027 for a buyer who needs it.
The space is designed for efficient patient flow and comfortable visits, with the convenience of being connected to a hospital environment and medical specialists. The property also offers ample parking.
This is a for-sale opportunity for a medical practice looking for an operational space with a complete interior buildout already in place. The current owner would consider a lease-back until 2027 for a buyer who needs it.
Key Highlights
- Move‑in‑ready medical office condo in the Medical Office Building attached to EIRMC (last privately owned unit)
- Includes an exam room, dedicated procedure room, welcoming reception and waiting area, and large private office
- Staff amenities include a convenient staff breakroom, storage areas, and two restrooms (Bathroom 1 and Bathroom 2)
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $21.00 |
| − Vacancy | −$2.2k | −$1.37 |
| EGI | $31.3k | $19.64 |
| − OpEx | −$12.5k | −$7.85 |
| NOI | $18.8k | $11.78 |
1,596 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 4.00%
Second Best
Office B
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$352.6K
$308.5K – $411.4K
NOI $24,683 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eastern Idaho Women's ...
Medical Clinic
Gabriele Teermann, MD
Physician
Matt Tannenbaum, MD
Physician
John Grider, DO, ...
Physician
Bryn Taylor Haws, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Move-in-ready medical office unit in a medical office building attached to EIRMC with exam and procedure rooms.
Where is this medical office space located?
The property is located at 2860 Channing Way Idaho Falls, ID.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Move‑in‑ready medical office condo in the Medical Office Building attached to EIRMC (last privately owned unit); Includes an exam room, dedicated procedure room, welcoming reception and waiting area, and large private office; Staff amenities include a convenient staff breakroom, storage areas, and two restrooms (Bathroom 1 and Bathroom 2)
