Medical Office
203 W Fort St Boise, ID 83702
203 W Fort St, Boise, ID, 83702
$969,000
For Sale
$969,000
Historic two-story building offers medical reception and exam rooms on the ground floor, plus three offices and a break room upstairs.
Property Size2,177 SF
Price / SF$445.11
Days on Market77
Property Features for 203 W Fort St
General Information
- Standard status
- Active
- Size
- 2,177 SF
Listing agency
Powerhouse Real Estate Group
(208) 870-9002
Listed by
Beau B Reinhard · License #SP37196
(208) 870-9002
Source
Exprealty
Added: May 6 Updated: Jul 20 at 11:18PM Checked: Jul 20 at 11:18PM
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 Powerhouse Real Estate Group
Investment Insights
Based on property information with market context.
Historic Wells Home has been repurposed for medical and office use. The ground floor includes a reception area and exam rooms, while the second floor provides three separate offices and a break room.
The property is located in Boise’s medical district across from St. Luke’s main campus, offering straightforward access to downtown and other parts of Boise.
A dedicated parking lot has recently been refinished. The building has been maintained with modern mechanical upgrades, while preserving the original architecture. The property is described as a turn-key offering with 100% occupancy, with flexibility for an owner-user seeking to establish a practice or business.
The property is located in Boise’s medical district across from St. Luke’s main campus, offering straightforward access to downtown and other parts of Boise.
A dedicated parking lot has recently been refinished. The building has been maintained with modern mechanical upgrades, while preserving the original architecture. The property is described as a turn-key offering with 100% occupancy, with flexibility for an owner-user seeking to establish a practice or business.
Key Highlights
- Historic two‑story building repurposed for medical and office use in Boise’s medical district
- Ground floor includes a reception area and exam rooms
- Second floor has three separate offices and a break room
Local Financial Insights For Office B
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 | $45.7k | $21.00 |
| − Vacancy | −$6.4k | −$2.94 |
| EGI | $39.3k | $18.06 |
| − OpEx | −$9.8k | −$4.52 |
| NOI | $29.5k | $13.54 |
2,177 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$421.2K
$368.6K – $491.5K
NOI $29,487 @ 7.0% cap · market cap 3.04%
Second Best
Healthcare Medical
$393.5K
$344.4K – $459.1K
NOI $27,548 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,086 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Idaho Functional Health ...
Physician
holistic nutritional healing
Physician
Cordum, M.D. and Fiorentino, ...
Physician
Feros Concierge Aesthetic ...
Spa & Massage Center
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FAQs
What type of property is this?
Medical Office Space - Historic two-story building offers medical reception and exam rooms on the ground floor, plus three offices and a break room upstairs.
Where is this medical office space located?
The property is located at 203 W Fort St Boise, ID.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Historic two‑story building repurposed for medical and office use in Boise’s medical district; Ground floor includes a reception area and exam rooms; Second floor has three separate offices and a break room
