Medical Office
For Sale
$341,100
Pending
1644 S Court Street, Visalia, CA 93277
Commercial Sale, Visalia, CA
Property Size1,456 SF
Lot Size0.03 Acres
Days on Market204
Property Features for 1644 S Court Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Take Hwy 198, exit Court St/CA-63. Go south on Court St and continue approximately 0.8 miles, 1644 S. Court will be on the East side of the street, across from Kaweah Delta Urgent Care, second building inside the complex.
Subdivision
Visalia SE
Standard status
Pending
APN
097271059000
Size
1,456 SF
Lot size
0.03 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
break room
utility room
one full restroom
two half restrooms
Building Details
Year built
1987
Flooring type
Vinyl
Building materials
Vertical Siding
Roof type
Shingle
Listing Agency:
The Equity Group
(559) 732-8800
Listed By:
Camelia Cartagena · License #02260702
(559) 805-1191
Added: Mar 12
Changed: Sep 16
Last Checked: Oct 1 at 9:06AM
MLS# 240304
Copyright © 2026 Tulare County MLS. 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.
This 1,456 SF medical office building, constructed in 1987, offers a functional configuration for healthcare or general professional use. The interior includes a lobby and waiting area, reception desk, patient evaluation station, five exam rooms with sinks, clerical workspace, a break room, utility room, one full restroom, and two half restrooms. The property is offered unfurnished, allowing the interior arrangement to be tailored to the next owner's needs.
Located at 1644 S Court Street in Visalia, the building occupies a 0.03-acre parcel with public water and public sewer service. Building features include vertical siding, vinyl flooring, natural gas heating, central air conditioning, and a shingle roof. The layout supports organized patient and staff circulation while also accommodating other professional office uses.
Located at 1644 S Court Street in Visalia, the building occupies a 0.03-acre parcel with public water and public sewer service. Building features include vertical siding, vinyl flooring, natural gas heating, central air conditioning, and a shingle roof. The layout supports organized patient and staff circulation while also accommodating other professional office uses.
Key Highlights
- 1,456 SF medical office building on a 0.03‑acre parcel
- Five exam rooms, each with a sink
- Lobby, waiting area, reception desk, and patient evaluation station
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$460,680
$460.7K
Cap Rate 7%
$329,057
$329.1K
Cap Rate 9%
$255,933
$255.9K
Market Conditions
NOI Build-Up for 1,456 SF
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.
Gross rent
$38.4K $26.40/SF
− Vacancy
−$7.7K −$5.31/SF
EGI
$30.7K $21.09/SF
− OpEx
−$7.7K −$5.27/SF
NOI
$23.0K $15.82/SF
Area
Visalia, CA
Vacancy
20.10%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$460,680
Cap Rate 7%
$329,057
Cap Rate 9%
$255,933
Alternative Uses
Best Use
Office B
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 6.75%
Second Best
Healthcare Medical
$269.6K
$235.9K – $314.5K
NOI $18,870 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
Median Home Value
Check the figures for this property
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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 - Configured professional space with exam rooms, reception, waiting, clerical, and support areas for healthcare or office operations.
Where is this medical office space located?
The property is located at 1644 S Court Street Visalia, CA.
What is the asking price?
The asking price for this property is $341,100.
What are key features of this property?
This property features: 1,456 SF medical office building on a 0.03‑acre parcel; Five exam rooms, each with a sink; Lobby, waiting area, reception desk, and patient evaluation station
