Office Building with Private
For Sale
$790,000
1415 N Fillmore St Unit 701, Twin Falls, ID 83301
A north-facing wall of windows brings natural light into the commercial interior.
Property Size7,440 SF
Price / SF$106.18
Days on Market41
Property Features for 1415 N Fillmore St Unit 701
General Information
Standard status
Active
Size
7,440 SF
Building Details
Year Built
1997
Buildings
1
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Shari Goedhart · License #SP00025447
Source:
Debbiemarcotterealestate
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 12:14PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This office building at 1415 N Fillmore St Unit 701 includes two enclosed offices, a break area, and a finished basement with an expansive open room. Three bathrooms serve the property, including one equipped with a shower.
Constructed in 1997, the building has a north-facing wall of windows that contributes to its bright interior. The configuration provides a combination of private rooms, shared support space, open area, and lower-level finished space within an established office property.
Constructed in 1997, the building has a north-facing wall of windows that contributes to its bright interior. The configuration provides a combination of private rooms, shared support space, open area, and lower-level finished space within an established office property.
Key Highlights
- Two private offices provide enclosed work areas
- Finished basement includes a large open room
- 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
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.
Frequently Asked Questions
What type of property is this?
Office building - A north-facing wall of windows brings natural light into the commercial interior.
Where is this office building located?
The property is located at 1415 N Fillmore St Unit 701 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: Two private offices provide enclosed work areas; Finished basement includes a large open room; Three bathrooms, including one with a shower
