Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    567 W Putnam Ave Porterville, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready medical office space in a well-known freestanding building.

    Type:OFFICE
    Property size:
    1,200 SF
    Lot size:
    0.11 Acres
    Added:
    Jul 11, 2023
    Days on Market:
    1025
    Last Refresh:
    Apr 5 at 10:46 pm

    Property Features for 567 W Putnam Ave

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    0.11 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 567 W Putnam Ave Contact us

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Jared Ennis License #01516541

    Listing office KW Commercial | Central California

    Listing date Jul 11, 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 KW Commercial | Central California

    Overview

    Turn Key Medical Office Space

    This is a first-class medical and professional office space, offering approximately 1,200 square feet of move-in ready space. The property is located on a signalized intersection and features a beautiful exterior entrance with mature landscaping. The well-known freestanding office building includes private offices, various rooms, and multiple entrance points. Ample private parking is available on all sides of the building. Conveniently located between CA-65 and CA-190, the property provides nearby access to Highway 65 on and off ramps. It is situated near professional offices, banks, restaurants, and shopping. Visible building signage is available. The property offers an excellent presence and is surrounded by quality tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Synovation Medical Group ... Physician Behl Ashok MD Physician Dr. Kandarp Shah Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Henderson Veterinary Hospital — 238 W Henderson Ave, Porterville, CA 93257
    • Western Veterinary Supply — 79 W Orange Ave B, Porterville, CA 93257

    Location Insight

    • Map
    • Local Demand
    City
    Porterville
    County
    Tulare
    State
    California
    Longitude
    -119.03
    Latitude
    36.0694

    Nearby Similar for Lease

    • $1,600/Mo

      Porterville Restaurant Space For Lease

      Equipped restaurant space on high-traffic corner with highway exposure.
      947 W Olive Avenue unit: C, Porterville, CA 93257
      View Details
    • $1.00 SF/Yr

      Retail Buildings on Corner Lot

      Freestanding retail buildings with flexible zoning and ample parking.
      434 S Plano St, Porterville, CA
      View Details
    • $1.25 SF/Yr

      Retail Space in Porterville, CA

      Retail space with storage and restroom available for rent.
      127 N Main St, Porterville, CA
      View Details
    • $1.75 SF/Yr

      Retail Space on Olive Avenue

      Retail space available in a high-traffic area near Fresno.
      947 W Olive Ave, Porterville, CA
      View Details
    • $750/Mo

      Move-In Ready Office Space

      Newly remodeled office space in a prime location.
      177 W Henderson Ave, Porterville, CA
      View Details
    • $1.75 SF/Yr

      Downtown Porterville Office Space Available

      Move-in ready office space with on-site parking in downtown.
      245 W Cherry Ave, Porterville, CA
      View Details
    • Contact for pricing

      Adaptable Office Space in Porterville

      Premier Porterville location with modern design and adaptable floor plans.
      600 S E St | Porterville, CA 93257, CA 93257
      View Details
    • $2,000/Mo

      Downtown Porterville Retail Shop Space

      Prime retail space in a high-traffic downtown location.
      53 E Cleveland Ave, Porterville, CA
      View Details
    • $0.75 SF/Yr

      Porterville Flex Space with Yard

      Flex space with fenced yard and convenient highway access.
      1835 Thunderbolt Dr, Porterville, CA
      View Details
    • $0.75 SF/Yr

      Freestanding Building with Flexible Zoning

      Corner lot building with flexible zoning, multiple spaces, and ample parking.
      416 S Main St, Porterville, CA
      View Details
    • Contact for pricing

      Retail Space in Porterville Center

      Retail space available in a busy Porterville shopping center.
      1260 W Henderson Ave, Porterville, CA
      View Details
    • Contact for pricing

      Retail Space in Eastridge Plaza

      Retail space available in busy Porterville shopping center.
      319-353 E Olive Ave, Porterville, CA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical office space in a well-known freestanding building.
    Where is this medical office space located?
    The property is located at 567 W Putnam Ave Porterville, CA.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Turn‑key, ±1,200 SF medical office space, move‑in ready.; Below market rates.; Ample private parking.
    (559) 705-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Ennis
    Jared Ennis
    Real Estate License ID: 01516541
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!