Turn-Key Medical Office
112-2860 Channing Way Idaho Falls, ID 83404
For Sale
$470,000
Pending
Move-in-ready medical office condo in a prime location.
Property Size1,596 SF
Days on Market122
Property Features for 112-2860 Channing Way
General Information
Standard status
Pending
Size
1,596 SF
Listing Agency:
Keller Williams Realty East Idaho
(208) 821-1110
Listed By:
The Jones Group
(208) 821-1110
Source:
Exprealty
Added: Mar 31
Changed: Jul 10
Last Checked: Jul 29 at 5:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty East Idaho
Investment Insights
Based on property information with market context.
This is a move-in-ready, turn-key medical office located in the Medical Office Building attached to EIRMC. It is the last privately owned unit in the building. Designed with efficiency and patient comfort in mind, this condo features an exam room, a dedicated procedure room, a welcoming reception and waiting area, a large private office for physician and assistants, a convenient staff breakroom, two restrooms, and storage areas. This space is ideal for a variety of medical specialties and combines professional functionality with ample parking in a coveted location. The property has a size of 1596 square feet.
Key Highlights
- Turn‑key, move‑in‑ready medical office in a prime location attached to EIRMC.
- Last privately owned unit in the Medical Office Building.
- Designed for efficiency and patient comfort with exam room, procedure room, reception/waiting area, private office, breakroom, restrooms, and storage.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Veterinary Dental Specialties & Oral Surgery — 2594 E 17th St, Ammon, ID 83406
- Idaho Falls Veterinary Hospital — 2594 E 17th St, Ammon, ID 83406
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready medical office condo in a prime location.
Where is this medical office space located?
The property is located at 112-2860 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: Turn‑key, move‑in‑ready medical office in a prime location attached to EIRMC.; Last privately owned unit in the Medical Office Building.; Designed for efficiency and patient comfort with exam room, procedure room, reception/waiting area, private office, breakroom, restrooms, and storage.
