Armona Freestanding Leased Office
For Sale
Contact for pricing
Pending
10953 14th Ave., Armona, CA 93202
Leased freestanding office building with long-term tenant in Armona, CA.
Property Size2,998 SF
Days on Market407
Property Features for 10953 14th Ave.
General Information
Standard status
Pending
Size
2,998 SF
Class
C
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1953
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Zeeb Commercial Real Estate
Listed By:
Martin Zeeb SIOR · License #CA 00847045
Source:
Crexi
Added: Aug 26, 2025
Changed: Sep 13
Last Checked: Oct 5 at 7:32PM
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 Zeeb Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a freestanding office building located in central Armona, California. The property is a leased investment with a new 3.5-year lease in place with a long-term tenant. The tenant is planning to make several thousand dollars in upgrades to the building. The building has a private parking lot with 25 spaces. The property contains 2,998 square feet. The property is intended for use as an office building.
Key Highlights
- New 3 1/2yr lease with long term Tenant
- Leased Investment free standing office building
- Tenant is planning on doing several thousands in upgrades to the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,959
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,180
$819.2K
Cap Rate 7%
$585,129
$585.1K
Cap Rate 9%
$455,100
$455.1K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$72.0K $24.00/SF
− Vacancy
−$17.3K −$5.78/SF
EGI
$54.6K $18.22/SF
− OpEx
−$13.7K −$4.55/SF
NOI
$41.0K $13.66/SF
Area
Kings County, CA
Vacancy
24.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,180
Cap Rate 7%
$585,129
Cap Rate 9%
$455,100
Alternative Uses
Best Use
Office B
$585.1K
$512.0K – $682.7K
NOI $40,959 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$947.2K
$828.8K – $1.11M
NOI $66,303 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 93202, CA
4,154
Population
1,119
Households
3.7
Avg Household Size
32
Median Age
8%
College-Educated
64%
High-School Grad
1.5 sq mi
ZIP Area
2,769
Density / Sq Mi
$60,450
Median Household Income
$30,781
Median Earnings
$1,282
Median Rent
$263,000
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 - Leased freestanding office building with long-term tenant in Armona, CA.
Where is this office building located?
The property is located at 10953 14th Ave. Armona, CA.
What is the asking price?
The asking price for this property is $607,000.
What are key features of this property?
This property features: New 3 1/2yr lease with long term Tenant; Leased Investment free standing office building; Tenant is planning on doing several thousands in upgrades to the building
