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    Armona Freestanding Leased Office Building Title is generated by Realmo AI

    10953 14th Ave., Armona, CA 93202

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    Leased freestanding office building with long-term tenant in Armona, CA.

    Type:Office
    Property size:
    2,998 SF
    Price / SF:
    $202/SF
    Added:
    Aug 26, 2025
    Days on Market:
    316
    Last Refresh:
    Jul 4 at 9:49 am

    Property Features for 10953 14th Ave.

    General Information

    Standard status
    Active
    Size
    2,998 SF
    Property subtype
    Office

    Building Details

    Year Built
    1953

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    Martin Zeeb SIOR
    Martin Zeeb SIOR

    Listing office Zeeb Commercial Real Estate

    Listing date Aug 26, 2025

    Source Crexi

    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

    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
    • REDUCED to SELL
    • 25 spaces on private parking lot
    • Located in central Armona

    Overview

    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.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $72.0k $24.00
    − Vacancy −$17.3k −$5.78
    EGI $54.6k $18.22
    − OpEx −$13.7k −$4.55
    NOI $41.0k $13.66
    2,998 SF · lease $24.00/SF/yr · vacancy 24.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $585.1K
    $512.0K – $682.7K (±1% cap)
    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 (±1% cap)
    NOI $66,303 @ 7.0% cap · market cap 10.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kings County Commission ... Government Office COMMISSION ON AGING/ SENIOR ... Community Center

    Suggested Use

    Restaurant Hotel & Motel Department Store Skin Care Clinic Kitchen & Bath Showroom Accounting Firm Bar & Pub Garden Center Electronics & Wireless Store Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Armona
    County
    Kings
    State
    California
    Longitude
    -119.708618
    Latitude
    36.3144348

    FAQs

    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
    More about this property
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