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    Property profile & analytics

    2860 Channing Way, Unit 112 Idaho Falls, ID 83404

    • Medical Office Space
    • 61,270 SF
    • 0.26 lot acres
    For Sale
    View listing
    $470,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0281828
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 2860 Channing Way

    Year built
    1986
    Lot size
    0.26 lot acres
    Property size
    61,270 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    RPA8302000112O
    APU
    RPA8302000112O

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Falls
    County
    Bonneville
    State
    Idaho
    Longitude
    -111.993
    Latitude
    43.4712
    CBSA code
    26820
    CBSA name
    IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,554
    $5,586
    $216,228
    $221,814
    -
    $5,586
    $216,228
    $221,814

    Comparable in this City

    • Value Estimation
      $1,250,000
      55,734 SF

      3200 Channing Way, Unit 101

      MEDICAL BUILDING • 55,734 SF
      3200 Channing Way, Idaho Falls, ID 83404-7546
      View Details
    • Value Estimation
      $1,270,000
      55,734 SF

      3200 Channing Way, Unit 304

      MEDICAL BUILDING • 55,734 SF
      3200 Channing Way, Idaho Falls, ID 83404-7546
      View Details
    • Value Estimation
      $1,060,000
      19,759 SF

      187 13th St

      MEDICAL BUILDING • 19,759 SF
      187 13th St, Idaho Falls, ID 83404-5305
      View Details
    • Value Estimation
      $580,000
      10,496 SF

      1880 17th St

      MEDICAL BUILDING • 10,496 SF
      1880 17th St, Idaho Falls, ID 83404-6468
      View Details
    • Value Estimation by Request
      4,181 SF

      1550 Elk Crk Dr

      MEDICAL BUILDING • 4,181 SF
      1550 Elk Crk Dr, Idaho Falls, ID 83404-8322
      View Details
    • Value Estimation by Request
      2,154 SF

      3419 Merlin Dr

      MEDICAL BUILDING • 2,154 SF
      3419 Merlin Dr, Idaho Falls, ID 83404-7430
      View Details

    Similar Nearby for Sale

    • New
      $470,000
      1,596 SF

      Medical Office Condo For Sale

      Turn-key medical office condo in Idaho Falls, move-in ready.
      2860 Channing Way, Idaho Falls, ID 83404
      View Details
    • Contact for pricing

      Idaho Falls Medical/Office Opportunity

      Well-maintained property with flexible floor plans for medical and office users.
      3729 Woodking Dr, Idaho Falls, ID 83404
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    • $2,000,000
      9,500 SF

      Executive Office Building, Idaho Falls

      Prime location, high cap rate, 9,500 SF.
      1301 17Th St, Idaho Falls, ID 83404
      View Details
    • $345,000
      0.51 Acres

      Idaho Falls Commercial Developer Lot

      0.51-acre lot in a rapidly growing Idaho Falls corridor.
      3735 Woodking Dr, Idaho Falls, ID 83404
      View Details
    • Contact for pricing

      Clean Office Space Available

      Corner office space located on 17th Street and Hoopes.
      1970 East 17Th St, Idaho Falls, ID 83404
      View Details
    • Contact for pricing

      Office Building on 17th Street

      Office building with high-exposure frontage on 17th Street.
      1800 E 17Th St, Idaho Falls, ID 83404
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    Similar Nearby for Lease

    • Contact for pricing
      5,248 SF

      Medical Office Space For Rent

      Flexible medical office space with expansion potential in Idaho Falls.
      3729 Woodking Dr, Idaho Falls, ID 83404
      View Details
    • Contact for pricing

      Idaho Falls New Office Project

      New construction office project near hospitals in Idaho Falls.
      2265 East Sunnyside Rd, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      1,837 SF

      Idaho Falls Commercial Office Space

      Prime location office space in Kensington Professional Park.
      1542 Elk Creek Dr, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      4,050 SF

      Idaho Falls Commercial Space For Rent

      Spacious office in Kensington Professional Park, ideal for medical or business.
      1542 Elk Creek Dr, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      6,204 SF

      Idaho Falls Office/Retail Space

      6,204 SF Class A office/retail space in Idaho Falls.
      3630 S 25Th E, Idaho Falls, ID 83404
      View Details
    • Contact for pricing
      3,500 SF

      Idaho Falls Flex Space Available

      3,500 SF flex space with office and shop areas.
      665 Anderson St, Idaho Falls, ID 83404
      View Details
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    Idaho Falls, ID 83404
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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