New ListingFully leased medical/professional office investment offered at $660,000 in Twin Falls, Idaho. Located at 526 Shoup Avenue West, Suites H, I & J, this approx. 8,525 SF property spans two parcels and pairs existing income with future leasing flexibility. At approx. $77.41/SF, the offering features $84,000 in annual base rent under the current NNN lease and an OM-reported 12.73% cap rate. Occupied by River View Eye Specialists through April 30, 2027, the lease includes a guarantor and prorated tenant reimbursements for taxes, insurance, and CAM. The layout includes 13 offices, seven clinic rooms, two waiting rooms, reception, kitchen, multiple restrooms, additional workspace, and basement storage. Approx. 14 adjoining parking spaces plus shared complex parking support patient, client, and employee access. Future separate leasing of Suites H & I and Suite J offers upside: the OM projects combined annual base rent of approx. $92,610, an $8,610 increase, subject to market conditions, leasing costs, and occupancy.
| MLS # | 99005794 |
|---|---|
| Listing Type | For Sale |
| Building Name | Dr.'s Welch, Allan & Associates |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 1 |
| Listing Provided By | Westerra Real Estate Group | Shawn Barton |
| SQ Feet | 8,881 |
|---|---|
| Zoning | C |
| Acreage | 0.20 |
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating Yes / No | No |
| Flooring | Wood |
| Exterior Features | Paved Outside Area |
|---|---|
| Roof | Flat |
| Foundation Details | Basement |
| Lot Features | Standard Lot 6000-9999 SF |
| Construction Materials | Stone |
| Security Features | Fire Alarm |
| Parking Features | 11 - 20 Spaces |
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| Utilities | Sewer Connected |
|---|---|
| Electric | 110 Volt, 220 Volts, 3 Phase |
| Tax Legal Description | Twin Falls Holohan Addn Tax #1626 Of Lot 12 (Parcels 8 & 9) (8-10-17 Sw) Twin Falls Holohan Addn 30' X 95' E & Adj To Tax #1626 Lot 12 (Parcel 10) (8-10-17 Sw) |
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| State | ID |
|---|---|
| County | Twin Falls |
| City | Twin Falls |
| Zip Code | 83301 |
| Area | Twin Falls |
| Listing VS Median (in 83301) | |
Price: $660,000 low | high Med: $434,950 sqft: 8,881 low | high Med: 1,584 $ / sqft: $74 low | high Med: $275 On site: 1 low | high Med: 74.5 | |
| State | ID |
|---|---|
| County | Twin Falls |
| City | Twin Falls |
| Zip Code | 83301 |
| Area | Twin Falls |
| Listing VS Median (in 83301) | |
Price: $660,000 low | high Med: $434,950 sqft: 8,881 low | high Med: 1,584 $ / sqft: $74 low | high Med: $275 On site: 1 low | high Med: 74.5 | |