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    Two-Unit Office Property Title is generated by Realmo AI

    1220 Jepsen Avenue, Corcoran, CA 93212

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    Claim this Listing
    For Sale
    $369,000

    SINGLE_FAMILY - Corcoran, CA

    Type:Office
    Property size:
    1,678 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $219/SF
    Added:
    Jun 18, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 27 at 7:06 am

    Property Features for 1220 Jepsen Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    032031013000
    Size
    1,678 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Contact an agent
    Robert J Mustain

    Listing agent Robert J Mustain

    Listing office All Family Lending & Real Estate Inc CA

    Listing date Jun 18, 2026

    MLS# 234488

    Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Converted into 2 office units; both units are currently rented
    • Total monthly rental income of $2,600
    • One block south of Whitley and three blocks from downtown Corcoran
    • Public sewer available

    Overview

    This renovated home has been converted into a two-unit office property. The layout provides two separate office units within the existing building, creating flexibility for tenants seeking individual spaces under one ownership. The property is currently configured and operated as office use.

    The asset is located at 1220 Jepsen Avenue in Corcoran, California, in Kings County. Per the public remarks, it sits one block south of Whitley and approximately three blocks from the downtown area of Corcoran, which may support walkable access for daytime users and visitors.

    For investors or owner-operators, the current setup provides an in-place, two-unit office arrangement with both units described as rented. This configuration can appeal to buyers looking for office use within a renovated structure while maintaining the practical benefit of multiple income-producing units under one property. Interested parties are encouraged to review lease details and unit configuration during due diligence to confirm fit for their operating or acquisition goals.

    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 $33.6k $20.04
    − Vacancy −$5.7k −$3.41
    EGI $27.9k $16.63
    − OpEx −$7.0k −$4.16
    NOI $20.9k $12.47
    1,678 SF · lease $20.04/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $299.0K
    $261.7K – $348.9K (±1% cap)
    NOI $20,933 @ 7.0% cap · market cap 5.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $509.7K
    $446.0K – $594.6K (±1% cap)
    NOI $35,678 @ 7.0% cap · market cap 9.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nova Storm Systems Computer & Electronic Repair Blossom Le Belle Hair Salon Thurman & Thurman Accounting Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corcoran
    County
    Tulare
    State
    California
    Longitude
    -119.5633677
    Latitude
    36.0969024

    FAQs

    What type of property is this?
    Office units - Renovated property converted into two rented office units, offering turnkey space for office tenants or investors.
    Where is this office units located?
    The property is located at 1220 Jepsen Avenue Corcoran, CA.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Converted into 2 office units; both units are currently rented; Total monthly rental income of $2,600; One block south of Whitley and three blocks from downtown Corcoran
    More about this property
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