Medical Office Building For
745 S Progress Rd Meridian, ID
745 S Progress Rd, Meridian, ID, 00000
Contact for pricing
For Sale
Contact for pricing
High-identity medical office building with easy access and abundant parking.
Property Size13,983 SF
Lot Size2.16 Acres
Price / SF$346.18
Days on Market272
Property Features for 745 S Progress Rd
General Information
- Standard status
- Active
- Size
- 13,983 SF
- Lot size
- 2.16 Acres
- Property subtype
- OFFICE
Properties For Sale
at 745 S Progress Rd Contact us
Listing Agency
Colliers International Idaho - Boise
(208) 493-5107
Listed by
Scott Feighner · License #SP37920
(208) 493-5107
Source
Moodyscre
Added: Oct 20, 2025 Checked: Jul 17 at 4:31 am
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 Colliers International Idaho - Boise
Investment Insights
Based on property information with market context.
This well-located medical office building is situated on a 2.16-acre lot (94,090 square feet) along a major retail corridor. The 13,983-square-foot property features recently improved medical suites and over-standard parking at a ratio of 5 spaces per 1,000 square feet. The building is fully occupied by 5 tenants under NNN lease agreements. Located just north of the I-84 interchange, the property offers convenient access and is close to Home Depot, Winco, and numerous other retailers. Current tenants include Rehab Authority, West Valley Medical Group, Treasure Valley Hearing, and Fastest Labs.
Key Highlights
- 100% Occupancy provides immediate income.
- High identity medical office building on major retail corridor.
- Over‑standard parking (5:5:1,000 SF) is a valuable asset.
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 | $310.4k | $22.20 |
| − Vacancy | −$37.3k | −$2.66 |
| EGI | $273.2k | $19.54 |
| − OpEx | −$68.3k | −$4.88 |
| NOI | $204.9k | $14.65 |
13,983 SF · lease $22.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.41M
NOI $204,879 @ 7.0% cap · market cap 4.23%
Second Best
Healthcare Medical
$2.70M
$2.37M – $3.15M
NOI $189,274 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,305 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Pet Care Clinic - Wendy Madura DVM — 1151 E Fairview Ave #1812, Meridian, ID 83642
- Memorial Pet Care Inc — 654 E King St, Meridian, ID 83642
- Meridian Veterinary Hospital — 421 W Franklin Rd, Meridian, ID 83642
- Dr. Carol Eklund — 421 W Franklin Rd, Meridian, ID 83642
FAQs
What type of property is this?
Medical Office Space - High-identity medical office building with easy access and abundant parking.
Where is this medical office space located?
The property is located at 745 S Progress Rd Meridian, ID.
What is the asking price?
The asking price for this property is $4,840,700.
What are key features of this property?
This property features: 100% Occupancy provides immediate income.; High identity medical office building on major retail corridor.; Over‑standard parking (5:5:1,000 SF) is a valuable asset.
