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    Medical Office Building For Sale Title is generated by Realmo AI

    917 Pine Ave, Long Beach, CA

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    Freestanding medical office building available for purchase.

    Type:OFFICE
    Property size:
    3,026 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $446/SF
    Added:
    Dec 27, 2023
    Days on Market:
    900
    Last Refresh:
    May 19 at 9:23 pm

    Property Features for 917 Pine Ave

    General Information

    Standard status
    Active
    Size
    3,026 SF
    Lot size
    0.17 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Noël Aguirre
    Noël Aguirre

    Listing agent Noël Aguirre License #01263417

    Listing office Lee & Associates Los Angeles – Long Beach Inc.

    Listing date Dec 27, 2023

    Source Moodyscre

    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 Lee & Associates Los Angeles – Long Beach Inc.

    HighLights

    • Free standing building
    • Medical office building

    Overview

    This is a freestanding medical office building with a property size of 3026 square feet. The property is intended for use as medical offices.

    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 $138.0k $45.60
    − Vacancy −$35.2k −$11.63
    EGI $102.8k $33.97
    − OpEx −$25.7k −$8.49
    NOI $77.1k $25.48
    3,026 SF · lease $45.60/SF/yr · vacancy 25.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.10M
    $963.7K – $1.28M (±1% cap)
    NOI $77,099 @ 7.0% cap · market cap 5.71%
    Second Best
    Healthcare Medical
    $658.6K
    $576.3K – $768.4K (±1% cap)
    NOI $46,102 @ 7.0% cap · market cap 3.41%
    Theoretical Best
    Office A
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,408 @ 7.0% cap · market cap 8.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Uptown Animal Hospital Inc — 3350 Atlantic Ave, Long Beach, CA 90807
    • Uptown Animal Hospital Inc: Dr. Julie Voltin — 3350 Atlantic Ave, Long Beach, CA 90807
    • Petco Vaccination Clinic — 3065 California Ave, Signal Hill, CA 90755
    • Imada Randall DVM — 3350 Atlantic Ave, Long Beach, CA 90807, United States
    • VETCO Vaccination Clinic at PETCO — 3065 california ave, signal hill, ca 90755

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.193
    Latitude
    33.7782

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    FAQs

    What type of property is this?
    Medical Office Space - Freestanding medical office building available for purchase.
    Where is this medical office space located?
    The property is located at 917 Pine Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Free standing building; Medical office building
    (562) 895-0317 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Noël Aguirre
    Noël Aguirre
    Real Estate License ID: 01263417
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