Medical Office Space with Private
New
For Sale
$790,000
1415 N Fillmore St Unit 701, Twin Falls, ID 83301
Two private offices, a break area, and three bathrooms support a flexible professional layout.
Property Size3,000 SF
Price / SF$106.18
Days on Market1
Property Features for 1415 N Fillmore St Unit 701
General Information
Standard status
Active
Size
3,000 SF
Building Details
Year Built
1997
Buildings
1
Building Size
3,000 SF
Listing Agency:
Silvercreek Realty Group
Listed By:
Shari Goedhart · License #SP00025447
(208) 377-0422
Source:
Noplacelikeidaho
Added: Sep 13
Last Checked: Sep 13 at 3:00PM
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.
Medical office space with a professional layout that includes two private offices, a break area, and three bathrooms. One bathroom includes a shower, while a large open area downstairs provides additional usable space. A north-facing wall of windows brings natural light into the building.
Built in 1997, the property is located at 1415 N Fillmore St Unit 701 in Twin Falls, Idaho. The space is identified as suitable for medical office use and has also been described as adaptable for beauty shop operations.
Built in 1997, the property is located at 1415 N Fillmore St Unit 701 in Twin Falls, Idaho. The space is identified as suitable for medical office use and has also been described as adaptable for beauty shop operations.
Key Highlights
- Medical office space with two private offices
- Three bathrooms, including one with a shower
- Large open area located downstairs
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
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Open Analytics
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
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Market
Vacancy Rate% for Office in West region
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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 - Two private offices, a break area, and three bathrooms support a flexible professional layout.
Where is this medical office space 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: Medical office space with two private offices; Three bathrooms, including one with a shower; Large open area located downstairs
