Dental Office in Downtown
540 Vermont Street Gridley, CA 95948
For Sale
$229,000
Converted residence with ample parking and storage in downtown Gridley.
Property Size1,043 SF
Lot Size0.16 Acres
Price / SF$219.56
Days on Market1256
Property Features for 540 Vermont Street
General Information
- Standard status
- Active
- Size
- 1,043 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1900
Listing Agency:
Bill Chance Realty
(530) 520-3109
Listed By:
Jessica Henman · License #01920472
(530) 520-3109
Source:
Exitrealty
Added: Feb 16, 2023
Changed: Jul 6
Last Checked: Jul 26 at 8:33AM
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 Bill Chance Realty
Investment Insights
Based on property information with market context.
This property, originally a residence, has been converted into a dental office. The layout includes a waiting area, a private office, an exam room, a storage area equipped with a sink, a file storage area, and a bathroom. The property provides ample parking space at both the front and rear of the building. Additionally, there is a separate storage building located at the rear of the property. The building size is 1043 square feet. This commercial real estate is located in downtown Gridley.
Key Highlights
- Converted dental office featuring a waiting area, office, exam room, and bathroom.
- Ample parking available in both the front and rear.
- Additional storage building located at the rear of the property.
Financial Insights For Healthcare Medical
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 | $41.2k | $39.48 |
| − Vacancy | −$7.4k | −$7.11 |
| EGI | $33.8k | $32.37 |
| − OpEx | −$13.5k | −$12.95 |
| NOI | $20.3k | $19.42 |
1,043 SF · lease $39.48/SF/yr · vacancy 18.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 12.52%
Second Best
Healthcare Medical
$289.4K
$253.2K – $337.7K
NOI $20,259 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$484.8K
$424.2K – $565.6K
NOI $33,934 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hoybjerg Orthodontics
Dental Office
Fillmore Galen M ...
Dental Office
Similar Off Market Nearby
- Gridley Veterinary Hospital — 27 E Gridley Rd A, Gridley, CA 95948
FAQs
What type of property is this?
Medical Office Space - Converted residence with ample parking and storage in downtown Gridley.
Where is this medical office space located?
The property is located at 540 Vermont Street Gridley, CA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Converted dental office featuring a waiting area, office, exam room, and bathroom.; Ample parking available in both the front and rear.; Additional storage building located at the rear of the property.
