Medical Office with Exam
New
For Sale
$675,000
1314 N Norma St, Ridgecrest, CA 93555
SINGLE_FAMILY - Ridgecrest, CA
Property Size4,004 SF
Lot Size0.30 Acres
Price / SF$168.58
Days on Market2
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 1, Bathroom 2, 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
Central Air, Dual
Amenities
electric vehicle charging station
lush xeriscape landscaping
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
(760) 499-0101
Added: Aug 16
Last Checked: Aug 17 at 2:06AM
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 on a 0.3-acre lot offers a purpose-oriented layout for professional or clinical use. The interior includes 15 total rooms arranged among exam rooms, consultation areas, private offices, storage, reception, waiting space, and staff areas. A break room includes kitchen facilities, while the building also features bathrooms, one with a tile shower. Tile and vinyl plank flooring are installed throughout, with central and dual cooling systems.
Built in 1995, the property is zoned Medical Building / Clinic and is located at 1314 N Norma St in Ridgecrest, California. Additional site features include on-site parking, xeriscape landscaping, and an electric vehicle charging station. Existing appliances include a dishwasher, refrigerator, and water heater.
Built in 1995, the property is zoned Medical Building / Clinic and is located at 1314 N Norma St in Ridgecrest, California. Additional site features include on-site parking, xeriscape landscaping, and an electric vehicle charging station. Existing appliances include a dishwasher, refrigerator, and water heater.
Key Highlights
- 4,004‑square‑foot medical office building on a 0.3‑acre lot
- 15 total rooms, including exam rooms, consultation areas, offices, and storage
- Medical Building / Clinic zoning
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
889
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for professional or clinical operations with reception, waiting, consultation, storage, and staff areas.
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 a 0.3‑acre lot; 15 total rooms, including exam rooms, consultation areas, offices, and storage; Medical Building / Clinic zoning
