Building Details

Year Built 2023

Tenancy Multi

Listing Agency: Monrow o***@gmail.com Show Phone

Listed By: Gina Crowley · License #27040 Show Phone

Source: Exprealty

Added: Oct 12 Changed: Oct 23 Last Checked: Oct 24 at 6:48PM

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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 Monrow

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Investment Insights

Based on property information with market context.

Completed in 2023, this medical office property contains 15,108 square feet and is fully occupied. Its I-L zoning and established medical-office use define the asset’s current commercial profile.

The property is at 4605 Enterprise Way in Caldwell, within the Sky Ranch business park. Highway 20/26 provides corridor access, and I-84 is minutes away. Nearby businesses and institutions include Saint Alphonsus Medical Center, Home Depot, and D&B Supply; Fred Meyer and WinCo locations are identified as upcoming in the surrounding commercial area.

Key Highlights

• 15,108‑square‑foot medical office property
• Built in 2023
• 100% occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$209,397

Cap Rate

3.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,187,940 $4.2M

Cap Rate 7%

$2,991,386 $3.0M

Cap Rate 9%

$2,326,633 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,108 SF

Gross rent

$317.3K $21.00/SF

− Vacancy

−$38.1K −$2.52/SF

EGI

$279.2K $18.48/SF

− OpEx

−$69.8K −$4.62/SF

NOI

$209.4K $13.86/SF

Area

Canyon County, ID

Vacancy

12.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,187,940

Cap Rate 7%

$2,991,386

Cap Rate 9%

$2,326,633

Alternative Uses

Best Use

Office B

$2.99M

$2.62M – $3.49M (±1% cap)

NOI $209,397 @ 7.0% cap · market cap 3.35%

Second Best

Healthcare Medical

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,177 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$4.02M

$3.52M – $4.69M (±1% cap)

NOI $281,683 @ 7.0% cap · market cap 4.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Rocky Mountain Foot ... Physician Roman Burk, DPM Physician Alex Casebolt Urgent ... Medical Clinic Mountain Pharmacy Pharmacy Kari Lopez, NP ... Physician

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Dental Office Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

251

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 83605, ID

38,561

Population

14,197

Households

2.7

Avg Household Size

32

Median Age

14%

College-Educated

80%

High-School Grad

24.6 sq mi

ZIP Area

1,568

Density / Sq Mi

$60,657

Median Household Income

$31,806

Median Earnings

$973

Median Rent

$300,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - The facility is fully leased and situated along the Highway 20/26 corridor.

Where is this medical office space located?

The property is located at 4605 Enterprise Way Caldwell, ID.

What is the asking price?

The asking price for this property is $6,250,000.

What are key features of this property?

This property features: 15,108‑square‑foot medical office property; Built in 2023; 100% occupied