Medical Office with Open Floor
For Sale
$790,000
1415 N Fillmore St, Twin Falls, ID 83301
Commercial Sale, Twin Falls, ID
Property Size7,440 SF
Lot Size0.21 Acres
Price / SF$106.18
Days on Market91
Property Features for 1415 N Fillmore St
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Paved Outside Area
Accessibility
Accessible Approach with Ramp
Lot features
Standard Lot 6000-9999 S F, Lawn Sprinklers
Directions
On Fillmore going North from Cheney, across from Post Office
Standard status
Active
APN
RPT317710010020A
Size
7,440 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
Twin Falls North College Office Park Condominiums Unit 1-2 & 1-2B Building 1 (4-10-17NE)
Legal Description
Twin Falls North College Office Park Condominiums Unit 1-2 & 1-2B Building 1 (4-10-17NE)
Utilities
Utilities
Propane
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
wall of windows
private offices
break area
bathrooms with shower
Building Details
Year built
1997
Number of units
1
Flooring type
Concrete, Wood
Building materials
Frame, Masonry, Steel Siding
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Shari Goedhart · License #SP00025447
(208) 539-5845
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 31 at 4:06AM
MLS# 98988706
Copyright © 2026 Intermountain Multiple Listing Service. 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.
This medical office property in Twin Falls combines a bright interior with a wall of north-facing windows and a flexible layout. The building includes two private offices, a break area, a large finished lower-level open area, and three bathrooms, including one with a shower. Wood and concrete flooring, central air, forced-air natural gas heat, and a composition roof support the existing improvements.
Located at 1415 N Fillmore St, the property occupies a 0.21-acre lot with a paved outside area and an accessible approach with ramp. Constructed in 1997 with frame, masonry, and steel siding materials, the building also has propane service. The configuration may accommodate medical office or beauty and wellness uses, subject to applicable requirements. Seller willingness to lease provides an additional occupancy structure for consideration.
Located at 1415 N Fillmore St, the property occupies a 0.21-acre lot with a paved outside area and an accessible approach with ramp. Constructed in 1997 with frame, masonry, and steel siding materials, the building also has propane service. The configuration may accommodate medical office or beauty and wellness uses, subject to applicable requirements. Seller willingness to lease provides an additional occupancy structure for consideration.
Key Highlights
- Bright interior with a wall of north‑facing windows
- Two private offices, break area, and large finished lower‑level open area
- Three bathrooms, including one with a shower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,081
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,281,620
$1.3M
Cap Rate 7%
$915,443
$915.4K
Cap Rate 9%
$712,011
$712.0K
Market Conditions
NOI Build-Up for 7,440 SF
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.
Gross rent
$98.2K $13.20/SF
− Vacancy
−$12.8K −$1.72/SF
EGI
$85.4K $11.48/SF
− OpEx
−$21.4K −$2.87/SF
NOI
$64.1K $8.61/SF
Area
Twin Falls County, ID
Vacancy
13.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,281,620
Cap Rate 7%
$915,443
Cap Rate 9%
$712,011
Alternative Uses
Best Use
Healthcare Medical
$1.24M
$1.08M – $1.45M
NOI $86,713 @ 7.0% cap · market cap 10.98%
Second Best
Office B
$915.4K
$801.0K – $1.07M
NOI $64,081 @ 7.0% cap · market cap 8.11%
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,473 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83301, ID
60,789
Population
24,466
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
295.7 sq mi
ZIP Area
206
Density / Sq Mi
$62,388
Median Household Income
$36,276
Median Earnings
$1,011
Median Rent
$290,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Green Acres Pet Center — 868 Green Acres Dr, Twin Falls, ID 83301
- Petco Vaccination Clinic — 1957 Fillmore St, Twin Falls, ID 83301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Bright commercial space offers private offices, a break area, multiple bathrooms, and ramp access.
Where is this medical office space located?
The property is located at 1415 N Fillmore St Twin Falls, ID.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Bright interior with a wall of north‑facing windows; Two private offices, break area, and large finished lower‑level open area; Three bathrooms, including one with a shower
