Fully Occupied Medical Office
New
For Sale
$6,250,000
4605 Enterprise Way, Caldwell, ID 83605
Commercial Sale, Caldwell, ID
Property Size15,108 SF
Lot Size1.16 Acres
Price / SF$413.69
Days on Market4
Property Features for 4605 Enterprise Way
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
35
Exterior features
Paved Outside Area
Lot features
1 - 4.99 Acres
Directions
West on I-84 towards Caldwell, Take Exit 29 and proceed to highway 20/26, S Smeed Parkway, E Enterprise Way to property
Standard status
Active
APN
R1489512300
Size
15,108 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Description
See attached Exhibit A
Legal Description
See attached Exhibit A
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
2023
Number of units
1
Flooring type
Concrete
Building materials
Stucco, Stone
Roof type
Metal, Flat
Listing Agency:
Monrow
(208) 461-1170
Listed By:
Gina Crowley · License #27040
(208) 861-8850
Added: Oct 12
Last Checked: Oct 15 at 11:06AM
MLS# 99003505
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 2023-built medical office building contains 15,108 square feet on a 1.16-acre parcel. It is fully occupied and carries a 6% cap rate. Building features include stucco and stone exterior finishes, concrete flooring, forced-air electric heating, central air conditioning, and a flat metal roof. The property is zoned Light Industrial (I-L).
At 4605 Enterprise Way, the property is within Sky Ranch business park and minutes from I-84. Highway 20/26 provides a regional connection between Caldwell and Boise. Nearby businesses and facilities include Saint Alphonsus Medical Center, Home Depot, and D&B Supply.
At 4605 Enterprise Way, the property is within Sky Ranch business park and minutes from I-84. Highway 20/26 provides a regional connection between Caldwell and Boise. Nearby businesses and facilities include Saint Alphonsus Medical Center, Home Depot, and D&B Supply.
Key Highlights
- 15,108‑square‑foot medical office building, built in 2023
- 100% occupied; 6% cap rate
- Sited on 1.16 acres and zoned Light Industrial (I‑L)
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
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
NOI $209,397 @ 7.0% cap · market cap 3.35%
Second Best
Healthcare Medical
$2.73M
$2.39M – $3.19M
NOI $191,177 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
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
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Current Use
Lease Details
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2023, the property is located within Sky Ranch business park in Caldwell.
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 building, built in 2023; 100% occupied; 6% cap rate; Sited on 1.16 acres and zoned Light Industrial (I‑L)
