Ambulatory Surgery
New
For Sale
$2,000,000
1880 Fillmore St., Twin Falls, ID 83301
Purpose-built medical facility with procedure, recovery, exam, administrative, and private garage areas.
Property Size5,066 SF
Price / SF$394.79
Days on Market2
Property Features for 1880 Fillmore St.
General Information
Standard status
Active
Size
5,066 SF
Total Parking Spaces
2
Building Details
Year Built
1992
Buildings
1
Construction
brick
Listing Agency:
Century 21 Gateway
Listed By:
Nathan Lyda · License #DB21835
(208) 280-0782
Source:
Refinedrealtynw
Added: Sep 5
Last Checked: Sep 5 at 3:17PM
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 Century 21 Gateway
Investment Insights
Based on property information with market context.
This 5,066± SF medical facility was built in 1992 and configured for ambulatory surgical and outpatient treatment use. The layout includes an operating room, pre- and post-operative recovery areas, patient rooms, three exam rooms, a small procedure room, and a consultation room. Support spaces include three restrooms, two doctors’ offices, a nurses’ station, reception, a staff break room, laundry, storage, and additional office areas.
A brick exterior, new asphalt shingle roof, gas-forced-air heating, and central A/C provide the core building improvements. Two large overhead garage doors connect directly to a two-car garage, creating a private entry point for patients and supporting discreet access to the facility.
A brick exterior, new asphalt shingle roof, gas-forced-air heating, and central A/C provide the core building improvements. Two large overhead garage doors connect directly to a two-car garage, creating a private entry point for patients and supporting discreet access to the facility.
Key Highlights
- 5,066± SF ambulatory surgery facility built in 1992
- Operating room with pre- and post‑operative recovery areas
- Three exam rooms, patient rooms, procedure room, and 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
Office B
$623.3K
$545.4K – $727.2K
NOI $43,633 @ 7.0% cap · market cap 2.18%
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
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built medical facility with procedure, recovery, exam, administrative, and private garage areas.
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: 5,066± SF ambulatory surgery facility built in 1992; Operating room with pre- and post‑operative recovery areas; Three exam rooms, patient rooms, procedure room, and consultation room
