Profitable Office Building with Upside

1055 W Morton Ave, Porterville, CA

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For Sale

Contact for pricing

Well-maintained office building with long-term tenants and income potential.

Type:OFFICE

Property size:

4,674 SF

Lot size:

0.25 Acres

Price / SF:

$139/SF

HighLights

Excellent SBA loan candidate with built‑in passive income.
Boasting a 6.34% cap rate & 3.09% cash‑on‑cash return after stabilized.
Cash cow to produce $59k in rents once stabilized.
Long‑term tenants ensure low turnover and low maintenance.
Rent growth potential in under‑market remaining units.
Functional hard to find small spaces make it easy to rent.

We can help!

Listing Contact

Jared Ennis

For Sale

Contact for pricing

Well-maintained office building with long-term tenants and income potential.

Type:OFFICE

Property size:

4,674 SF

Lot size:

0.25 Acres

Price / SF:

$139/SF

Added:: Dec 26, 2023
Days on Market:: 895
Last Refresh:: May 20 at 8:54 pm

Property Features for 1055 W Morton Ave

General Information

Standard status: Active
Size: 4,674 SF
Lot size: 0.25 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Jared Ennis

Listing agent Kevin Land License #01516541

Listing office KW Commercial | Central California

Listing date Dec 26, 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

HighLights

Excellent SBA loan candidate with built‑in passive income.
Boasting a 6.34% cap rate & 3.09% cash‑on‑cash return after stabilized.
Cash cow to produce $59k in rents once stabilized.
Long‑term tenants ensure low turnover and low maintenance.
Rent growth potential in under‑market remaining units.
Functional hard to find small spaces make it easy to rent.

Overview

This 4,674 square foot office building is an excellent SBA loan candidate with built-in passive income. The property features long-term tenants, low turnover, and low maintenance. Quality construction and economical spaces contribute to its appeal. The building is equipped with separate HVAC systems and meters. Ample parking and mature landscaping enhance the property. It offers easy access, separate suites, and multiple configurations. The property is well-maintained and offers quality tenants and great exposure. The property has rent growth potential in under-market remaining units. Once stabilized, it is projected to produce $59k in rents. Long term tenants offer upside potential via leasing. Functional, hard-to-find small spaces make it easy to rent.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.7k	$20.04
− Vacancy	−$15.9k	−$3.41
EGI	$77.7k	$16.63
− OpEx	−$19.4k	−$4.16
NOI	$58.3k	$12.47

4,674 SF · lease $20.04/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$833.0K

$728.9K – $971.8K (±1% cap)

NOI $58,308 @ 7.0% cap · market cap 8.97%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,381 @ 7.0% cap · market cap 15.29%

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

Property Profile Location Intelligence

Current Use by Public Records

Debbie's Legal Typing ... Law Firm Luis Rodriguez Realtor ... Real Estate Agency Credence Energy Solar Energy Company Dr Jennifer Braun ... Waste Management Facility Rubik Lopez Realtor Real Estate Agency

Suggested Use

Location Insight

Map
Local Demand

City: Porterville
County: Tulare
State: California
Longitude: -119.041
Latitude: 36.073

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For sale
Office buildings
CA
Porterville
1055 W Morton Ave

What type of property is this?

Office building - Well-maintained office building with long-term tenants and income potential.

Where is this office building located?

The property is located at 1055 W Morton Ave Porterville, CA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Excellent SBA loan candidate with built‑in passive income.; Boasting a 6.34% cap rate & 3.09% cash‑on‑cash return after stabilized.; Cash cow to produce $59k in rents once stabilized.

1055 W Morton Ave, Porterville, CA

Well-maintained office building with long-term tenants and income potential.

Property Features for 1055 W Morton Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turn-Key Automotive Repair Shop

Flex Industrial Property with Offices

Unique Commercial Property Near River Island

Duplex Across From River Island

Two-Building Medical Office Complex

Quadplex with Tri-plex and Main House

Porterville Mixed-Use Opportunity

Porterville Multifamily Property with Residences

Freestanding Building Investment Opportunity

Established Gas Station Business Opportunity

Bank of the Sierra - Porterville

Available Warehouse in Porterville, CA

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