Commercial Office
161 N M St, Tulare, CA 93274
For Sale
Contact for pricing
Pending
Built in 2006, the building offers a professional office setting with C-3 commercial zoning in Tulare.
Property Size1,985 SF
Lot Size0.12 Acres
Days on Market54
Property Features for 161 N M St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Manuel Ortiz Real Estate
Listed By:
Manuel Ortiz
(559) 972-0909
Source:
Crexi
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 10 at 7:38AM
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 Manuel Ortiz Real Estate
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Investment Insights
Based on property information with market context.
This office building was constructed in 2006 and contains 1,985± square feet on a 5,100± square-foot lot. Its C-3 commercial zoning is within the City of Tulare; zoning and permitted uses should be confirmed with the City.
The property is located at 161 N M St in Tulare, California.
The property is located at 161 N M St in Tulare, California.
Key Highlights
- 1,985± SF office building on a 5,100± SF lot
- Built in 2006
- C‑3 commercial zoning within the City of Tulare
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,763
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,260
$495.3K
Cap Rate 7%
$353,757
$353.8K
Cap Rate 9%
$275,144
$275.1K
Market Conditions
NOI Build-Up for 1,985 SF
Gross rent
$39.8K $20.04/SF
− Vacancy
−$6.8K −$3.41/SF
EGI
$33.0K $16.63/SF
− OpEx
−$8.3K −$4.16/SF
NOI
$24.8K $12.47/SF
Area
Tulare County, CA
Vacancy
17.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,260
Cap Rate 7%
$353,757
Cap Rate 9%
$275,144
Alternative Uses
Best Use
Office B
$353.8K
$309.5K – $412.7K
NOI $24,763 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$602.9K
$527.6K – $703.4K
NOI $42,206 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
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Business Placement
Demographics for 93274, CA
78,493
Population
24,493
Households
3.2
Avg Household Size
31
Median Age
11%
College-Educated
75%
High-School Grad
219.2 sq mi
ZIP Area
358
Density / Sq Mi
$69,905
Median Household Income
$37,434
Median Earnings
$1,334
Median Rent
$300,900
Median Home Value
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Market
Properties on Market for Office buildings in Tulare County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Built in 2006, the building offers a professional office setting with C-3 commercial zoning in Tulare.
Where is this office building located?
The property is located at 161 N M St Tulare, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,985± SF office building on a 5,100± SF lot; Built in 2006; C‑3 commercial zoning within the City of Tulare
