Medical Office Building with Multiple
For Sale
$1,690,000
1542 Elk Creek Dr, Idaho Falls, ID 83404
Two medical office suites with multiple waiting areas, procedure rooms, and on-site parking for flexible tenant needs.
Property Size4,696 SF
Price / SF$359.88
Days on Market401
Property Features for 1542 Elk Creek Dr
General Information
Standard status
Active
Size
4,696 SF
Listing Agency:
Keller Williams Realty East Idaho
(208) 221-0995
Listed By:
Ryan Webster · License #SP30269
(208) 221-0995
Source:
Exprealty
Added: Jul 2, 2025
Changed: Jul 10
Last Checked: Jul 31 at 12:40PM
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 medical office building is arranged to support multiple uses within the same property. Main floor Suite 200 includes a large open waiting room, a custom built-in reception desk, a custom work area, a second waiting room or office, and up to nine additional individual offices or patient rooms. Suite 200 also features a larger room previously used as a surgical room with a wash area, plus three restrooms. The basement includes a large lunch or gathering room, supply or storage rooms, a laundry area, and a changing room with lockers, along with an additional restroom.
Also on the main floor, Suite 100 offers a reception area and secretary space, up to six offices, two restrooms, a large procedure room, and an additional waiting room. The building is located within a busy medical and business complex with easy access and plenty of parking, supporting straightforward patient or client visits.
The layout is well-suited for medical practices or general office users that need dedicated reception and waiting areas, multiple exam or procedure-ready rooms, and office or patient rooms in one building. With two separate suites and common support space in the basement, the property can accommodate a single operator seeking room to expand or multiple organizations that prefer their own defined office sets.
Also on the main floor, Suite 100 offers a reception area and secretary space, up to six offices, two restrooms, a large procedure room, and an additional waiting room. The building is located within a busy medical and business complex with easy access and plenty of parking, supporting straightforward patient or client visits.
The layout is well-suited for medical practices or general office users that need dedicated reception and waiting areas, multiple exam or procedure-ready rooms, and office or patient rooms in one building. With two separate suites and common support space in the basement, the property can accommodate a single operator seeking room to expand or multiple organizations that prefer their own defined office sets.
Key Highlights
- Two medical office suites in a busy medical/business complex with easy access and plenty of parking
- Suite 200 features a large open waiting room, custom built‑in reception desk, and a second waiting room or office
- Suite 200 includes up to 9 additional individual offices or patient rooms, plus a large room previously used as a surgical room with wash area
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 | $98.6k | $21.00 |
| − Vacancy | −$6.4k | −$1.37 |
| EGI | $92.2k | $19.64 |
| − OpEx | −$36.9k | −$7.85 |
| NOI | $55.3k | $11.78 |
4,696 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$790.3K
$691.6K – $922.1K
NOI $55,324 @ 7.0% cap · market cap 3.27%
Second Best
Office B
$726.9K
$636.1K – $848.1K
NOI $50,886 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.04M
$907.8K – $1.21M
NOI $72,626 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83404, ID
25,491
Population
9,606
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
92%
High-School Grad
25.0 sq mi
ZIP Area
1,020
Density / Sq Mi
$79,211
Median Household Income
$36,802
Median Earnings
$1,013
Median Rent
$355,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office suites with multiple waiting areas, procedure rooms, and on-site parking for flexible tenant needs.
Where is this medical office space located?
The property is located at 1542 Elk Creek Dr Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Two medical office suites in a busy medical/business complex with easy access and plenty of parking; Suite 200 features a large open waiting room, custom built‑in reception desk, and a second waiting room or office; Suite 200 includes up to 9 additional individual offices or patient rooms, plus a large room previously used as a surgical room with wash area
