Medical Office with Exam
For Sale
$675,000
1314 N Norma St, Ridgecrest, CA 93555
Commercial Building, Ridgecrest, CA
Property Size4,004 SF
Lot Size0.30 Acres
Price / SF$168.58
Days on Market49
Property Features for 1314 N Norma St
General Information
Property type
Residential
Property subtype
Office
Zoning
Medical Building / Clinic
Bathrooms
3
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Interior features
Flooring- Tile, Flooring- Vinyl Plank
Appliances
Dishwasher, Refrigerator, Water Heater
Lot features
Outdoor Lighting, Fenced- Partial, Landscape- Full, Sprinklers- Automatic, Parking Available
Directions
China Lake Blvd, W Ward Ave to N Norma St.
Subdivision
North West
Standard status
Active
APN
419-042-53
Size
4,004 SF
Lot size
0.30 Acres
Utilities
Cooling system
Dual, Central Air
Amenities
electric vehicle charging station
xeriscape landscaping
staff break room with kitchen
Building Details
Year built
1995
Floors in Building
1
Roof type
Flat
Listing Agency:
Dosen Real Estate
(760) 499-0101
Listed By:
Christine Dosen · License #01947816
(425) 876-3405
Added: Aug 16
Changed: Sep 16
Last Checked: Oct 3 at 10:06AM
MLS# 2608816
Copyright © 2026 Southern Sierra MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,004-square-foot medical office building, constructed in 1995, is arranged for clinical and professional operations. The interior includes 15 total rooms with exam rooms, consultation areas, offices, storage, and staff space, along with a reception desk and waiting area. Two bathrooms are provided, including one with a tile shower. A staff break room includes kitchen equipment, with a dishwasher and refrigerator among the listed appliances. Tile and vinyl plank flooring, dual cooling, central air, and a flat roof complete the building’s physical features.
The property occupies 0.3 acres and includes parking, xeriscape landscaping, and an electric vehicle charging station. Medical Building / Clinic zoning supports the stated medical-office orientation.
The property occupies 0.3 acres and includes parking, xeriscape landscaping, and an electric vehicle charging station. Medical Building / Clinic zoning supports the stated medical-office orientation.
Key Highlights
- 4,004‑square‑foot medical office building on 0.3 acres
- 15 total rooms, including exam rooms, consultation areas, offices, and storage
- Reception desk and waiting area beyond the front entry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,008
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,160
$920.2K
Cap Rate 7%
$657,257
$657.3K
Cap Rate 9%
$511,200
$511.2K
Market Conditions
NOI Build-Up for 4,004 SF
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.
Gross rent
$69.7K $17.40/SF
− Vacancy
−$8.3K −$2.08/SF
EGI
$61.3K $15.32/SF
− OpEx
−$15.3K −$3.83/SF
NOI
$46.0K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,160
Cap Rate 7%
$657,257
Cap Rate 9%
$511,200
Alternative Uses
Best Use
Office B
$657.3K
$575.1K – $766.8K
NOI $46,008 @ 7.0% cap · market cap 6.82%
Second Best
Healthcare Medical
$453.3K
$396.6K – $528.8K
NOI $31,730 @ 7.0% cap · market cap 4.70%
Theoretical Best
Warehouse
$855.4K
$748.5K – $997.9K
NOI $59,876 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical or professional use, with reception, private rooms, staff areas, and on-site parking.
Where is this medical office space located?
The property is located at 1314 N Norma St Ridgecrest, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,004‑square‑foot medical office building on 0.3 acres; 15 total rooms, including exam rooms, consultation areas, offices, and storage; Reception desk and waiting area beyond the front entry
