Medical Office With Exam
For Sale
$341,100
1644 S Court Street, Visalia, CA 93277
COMMERCIAL - Visalia, CA
Property Size1,456 SF
Lot Size0.03 Acres
Price / SF$234.27
Days on Market156
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
Active
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: Aug 7
Last Checked: Aug 14 at 7:06PM
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-square-foot medical office space was built in 1987 and arranged for professional service operations. The interior includes a lobby, reception area, patient evaluation station, five exam rooms with sinks, and dedicated clerical workspace. A break room, utility room, one full restroom, and two half restrooms complete the layout. The property is offered unfurnished, allowing the next owner to configure the space around its operational requirements.
Located at 1644 S Court Street in Visalia, the building has vinyl flooring, vertical siding, a shingle roof, central air, natural gas heating, public water, and public sewer. Its existing room configuration supports a medical office setting while retaining flexibility for other professional office uses.
Located at 1644 S Court Street in Visalia, the building has vinyl flooring, vertical siding, a shingle roof, central air, natural gas heating, public water, and public sewer. Its existing room configuration supports a medical office setting while retaining flexibility for other professional office uses.
Key Highlights
- 1,456 SF medical office building
- Five exam rooms with sinks
- Lobby, reception area, 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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured professional setting with reception, patient areas, and dedicated clerical workspace.
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; Five exam rooms with sinks; Lobby, reception area, and patient evaluation station
