Ambulatory Surgery
For Sale
$2,000,000
1880 Fillmore St., Twin Falls, ID 83301
Improved 5,066± SF ambulatory surgery building with operating room, recovery areas, and direct overhead garage access.
Property Size5,066 SF
Price / SF$394.79
Days on Market49
Property Features for 1880 Fillmore St.
General Information
Standard status
Active
Size
5,066 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Amenities
Garage: 11 - 20 Spaces
11 - 20 Spaces
Building Details
Year Built
1992
Listing Agency:
Gateway Real Estate
Listed By:
Nathan Lyda · License #DB21835
(208) 280-0782
Source:
Clearwaterproperties
Added: Jul 18
Changed: Sep 4
Last Checked: Sep 4 at 7:00AM
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 Gateway Real Estate
Investment Insights
Based on property information with market context.
This improved ambulatory surgery facility is well suited for clinical or wellness-focused procedures, including an operating room, pre- and post-op recovery areas, patient rooms, and exam and procedure spaces. The interior layout also includes a consultation room, two doctors’ offices, a nurses’ station, reception area, and a staff break room. Additional utility and support spaces include a laundry room, storage, and office support areas, with three restrooms provided.
The brick exterior features a new asphalt shingle roof. Two large overhead garage doors provide private, direct access to a two-car garage intended for discreet patient entry. The building is heated and cooled with gas-forced air and central A/C.
The property is described as a turnkey setup for continued medical, surgical, or spa use.
The brick exterior features a new asphalt shingle roof. Two large overhead garage doors provide private, direct access to a two-car garage intended for discreet patient entry. The building is heated and cooled with gas-forced air and central A/C.
The property is described as a turnkey setup for continued medical, surgical, or spa use.
Key Highlights
- Improved 5,066± SF ambulatory surgery facility (brick exterior), built in 1992
- Operating room plus pre- and post‑op recovery areas and patient rooms
- Includes three exam rooms, a small procedure room, and a consultation room
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
$59,044
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
2.95%
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%
$1,180,880
$1.2M
Cap Rate 7%
$843,486
$843.5K
Cap Rate 9%
$656,044
$656.0K
Market Conditions
NOI Build-Up for 5,066 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
$106.4K $21.00/SF
− Vacancy
−$8.0K −$1.58/SF
EGI
$98.4K $19.43/SF
− OpEx
−$39.4K −$7.77/SF
NOI
$59.0K $11.66/SF
Area
Twin Falls County, ID
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,180,880
Cap Rate 7%
$843,486
Cap Rate 9%
$656,044
Alternative Uses
Best Use
Healthcare Medical
$843.5K
$738.1K – $984.1K
NOI $59,044 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,351 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
871
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Improved 5,066± SF ambulatory surgery building with operating room, recovery areas, and direct overhead garage access.
Where is this medical center located?
The property is located at 1880 Fillmore St. Twin Falls, ID.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Improved 5,066± SF ambulatory surgery facility (brick exterior), built in 1992; Operating room plus pre- and post‑op recovery areas and patient rooms; Includes three exam rooms, a small procedure room, and a consultation room
