Building Details

Year Built 1975

Listing Agency: Premier Properties Real Estate Co.

Listed By: Greg Johnston · License #344 Show Phone

Source: Signaturerealestateid

Added: Mar 27 Changed: Sep 24 Last Checked: Oct 6 at 12:40AM

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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 Premier Properties Real Estate Co.

Investment Insights

Based on property information with market context.

This building, in excellent condition, is located in the University area, with high visibility on a high-traffic location and convenient interstate access. The property, formerly a dental building, is suitable for office, medical, or retail use. It features over 3,000 square feet on the main floor, complemented by a 400 square foot basement storage area. The layout includes a large reception area with a custom-built reception desk. The building offers multiple areas suitable for creating enclosed offices and includes three half bathrooms. The exterior features brick on the front of the building, enhancing its curb appeal. Ample parking is available. The property has multiple exterior doors and the potential to divide the space.

Key Highlights

• High‑visibility location in the University area with high traffic
• Versatile building suitable for office, medical, or retail use
• Over 3,000 sq ft main floor plus 400 sq ft basement storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,698

Cap Rate

4.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,960 $634.0K

Cap Rate 7%

$452,829 $452.8K

Cap Rate 9%

$352,200 $352.2K

Market Conditions

NOI Build-Up for 3,440 SF

Gross rent

$55.7K $16.20/SF

− Vacancy

−$2.9K −$0.84/SF

EGI

$52.8K $15.36/SF

− OpEx

−$21.1K −$6.14/SF

NOI

$31.7K $9.21/SF

Area

Bannock County, ID

Vacancy

5.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,960

Cap Rate 7%

$452,829

Cap Rate 9%

$352,200

Alternative Uses

Best Use

Healthcare Medical

$452.8K

$396.2K – $528.3K (±1% cap)

NOI $31,698 @ 7.0% cap · market cap 4.23%

Second Best

Office B

$399.4K

$349.5K – $466.0K (±1% cap)

NOI $27,957 @ 7.0% cap · market cap 3.73%

Theoretical Best

Office A

$570.0K

$498.8K – $665.0K (±1% cap)

NOI $39,901 @ 7.0% cap · market cap 5.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Endeavor Dental Group Dental Office

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Garden Center Locksmith Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

954

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 83201, ID

38,921

Population

15,885

Households

2.5

Avg Household Size

33

Median Age

34%

College-Educated

94%

High-School Grad

34.2 sq mi

ZIP Area

1,138

Density / Sq Mi

$63,209

Median Household Income

$34,118

Median Earnings

$905

Median Rent

$256,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Excellent condition, high visibility, suitable for office, medical, or retail.

Where is this medical office space located?

The property is located at 1541 E Clark St Pocatello, ID.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: High‑visibility location in the University area with high traffic; Versatile building suitable for office, medical, or retail use; Over 3,000 sq ft main floor plus 400 sq ft basement storage