Medical Office with Exam
For Sale
$3,300,000
1588 W Cayuse Creek Drive, Meridian, ID 83646
Reception, waiting space, exam rooms, private offices, and on-site parking support a range of office layouts.
Property Size8,447 SF
Price / SF$390.67
Days on Market120
Property Features for 1588 W Cayuse Creek Drive
General Information
Standard status
Active
Size
8,447 SF
Property subtype
COMMERCIAL
Additional Details
Property Use
Medical Office
Building Details
Building Size
8,447 SF
Year Built
2017
Listing Agency:
Better Homes & Gardens 43North
(208) 381-8000
Listed By:
Sanel Tucakovic · License #SP41574
(208) 631-8372
Source:
Thesmackgroup
Added: Jul 9
Changed: Nov 1
Last Checked: Nov 4 at 8:55AM
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 Better Homes & Gardens 43North
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Investment Insights
Based on property information with market context.
Built in 2017, this 8,447-square-foot medical office property is arranged with a reception and waiting area, exam rooms, and private offices. On-site parking is also provided.
Key Highlights
- 8,447‑square‑foot medical office property
- Built in 2017
- Includes reception and waiting areas, exam rooms, and private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,765
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,475,300
$2.5M
Cap Rate 7%
$1,768,071
$1.8M
Cap Rate 9%
$1,375,167
$1.4M
Market Conditions
NOI Build-Up for 8,447 SF
Gross rent
$187.5K $22.20/SF
− Vacancy
−$22.5K −$2.66/SF
EGI
$165.0K $19.54/SF
− OpEx
−$41.3K −$4.88/SF
NOI
$123.8K $14.65/SF
Area
Meridian, ID
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,475,300
Cap Rate 7%
$1,768,071
Cap Rate 9%
$1,375,167
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,765 @ 7.0% cap · market cap 3.75%
Second Best
Healthcare Medical
$1.63M
$1.43M – $1.91M
NOI $114,339 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,040 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 83646, ID
69,818
Population
26,829
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
2,557
Density / Sq Mi
$101,040
Median Household Income
$47,397
Median Earnings
$1,814
Median Rent
$488,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Paramount Animal Care — 1576 W Deer Crest St # 110, Meridian, ID 83646
- River City Veterinary Hospital — 2250 W Everest Ln, Meridian, ID 83646
Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, waiting space, exam rooms, private offices, and on-site parking support a range of office layouts.
Where is this medical office space located?
The property is located at 1588 W Cayuse Creek Drive Meridian, ID.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 8,447‑square‑foot medical office property; Built in 2017; Includes reception and waiting areas, exam rooms, and private offices
