Leased Office
For Sale
Contact for pricing
100 1st St, Coalinga, CA 93210
Single-tenant office building with a fenced outdoor yard and ample available street parking.
Property Size1,504 SF
Price / SF$176.20
Days on Market248
Property Features for 100 1st St
General Information
Standard status
Active
Size
1,504 SF
Property subtype
OFFICE
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
indoor storage
street parking
Building Details
Tenancy
Single
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Jan 8
Changed: Sep 9
Last Checked: Sep 13 at 6:15AM
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 KW Commercial | Central California
Investment Insights
Based on property information with market context.
This small office building is fully leased as a long-term investment, with gross annual rent of $30,561 and a lease term extending through 2031. The property consists of approximately 1,504 square feet of functional office space designed for easy leasing, and it includes ample indoor and outdoor storage. The outdoor yard area is fenced, and the site offers ample available street parking, while requiring little management or maintenance.
The building is located at 100 1st St in Coalinga, CA, and the public remarks describe great access and visibility with easy highway access.
Calneva has operated at the property since 2016, supporting a low-turnover profile for the current tenant.
The building is located at 100 1st St in Coalinga, CA, and the public remarks describe great access and visibility with easy highway access.
Calneva has operated at the property since 2016, supporting a low-turnover profile for the current tenant.
Key Highlights
- ±1,504 SF single‑tenant office building in Coalinga, CA
- Fully leased investment property with a lease through 2031 and gross annual rent of $30,561
- Long‑term tenant with low turnover and low maintenance requirements
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
$18,044
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
6.81%
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%
$360,880
$360.9K
Cap Rate 7%
$257,771
$257.8K
Cap Rate 9%
$200,489
$200.5K
Market Conditions
NOI Build-Up for 1,504 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
$34.8K $23.16/SF
− Vacancy
−$10.8K −$7.16/SF
EGI
$24.1K $16.00/SF
− OpEx
−$6.0K −$4.00/SF
NOI
$18.0K $12.00/SF
Area
Fresno County, CA
Vacancy
30.93%
Lease Rate
$23.16 /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%
$360,880
Cap Rate 7%
$257,771
Cap Rate 9%
$200,489
Alternative Uses
Best Use
Office B
$257.8K
$225.6K – $300.7K
NOI $18,044 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.3K
$373.0K – $497.3K
NOI $29,839 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 93210, CA
18,581
Population
4,883
Households
3.8
Avg Household Size
34
Median Age
12%
College-Educated
68%
High-School Grad
775.4 sq mi
ZIP Area
24
Density / Sq Mi
$77,850
Median Household Income
$36,583
Median Earnings
$1,034
Median Rent
$258,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant office building with a fenced outdoor yard and ample available street parking.
Where is this office building located?
The property is located at 100 1st St Coalinga, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: ±1,504 SF single‑tenant office building in Coalinga, CA; Fully leased investment property with a lease through 2031 and gross annual rent of $30,561; Long‑term tenant with low turnover and low maintenance requirements
