Remodeled Office Building with
For Sale
$599,000
1679 S O St, Tulare, CA 93274
Updated office property with two full bathrooms, flexible interior use, and outdoor area for equipment parking.
Property Size1,593 SF
Price / SF$376.02
Days on Market85
Property Features for 1679 S O St
General Information
Standard status
Active
Size
1,593 SF
Listing Agency:
Craig Smith & Associates, Inc.
(559) 679-4871
Listed By:
Bryce R Smith · License #01917180
(559) 679-4871
Source:
Exprealty
Added: May 22
Changed: Aug 14
Last Checked: Aug 14 at 6:03AM
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 Craig Smith & Associates, Inc.
Investment Insights
Based on property information with market context.
This remodeled office building in Tulare offers 1,593 square feet of interior space with two full bathrooms. Recent improvements include a newer roof, updated HVAC, and a complete remodel, providing a refreshed setting for office operations or other business use supported by the existing layout.
The property also includes land that can accommodate parking for equipment, tow trucks, and other business-related vehicles. Its location is 1679 S O St in Tulare, California.
The property also includes land that can accommodate parking for equipment, tow trucks, and other business-related vehicles. Its location is 1679 S O St in Tulare, California.
Key Highlights
- 1,593‑square‑foot office building in Tulare
- Complete remodel with newer roof and HVAC
- Two full bathrooms
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
$19,873
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
3.32%
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%
$397,460
$397.5K
Cap Rate 7%
$283,900
$283.9K
Cap Rate 9%
$220,811
$220.8K
Market Conditions
NOI Build-Up for 1,593 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
$31.9K $20.04/SF
− Vacancy
−$5.4K −$3.41/SF
EGI
$26.5K $16.63/SF
− OpEx
−$6.6K −$4.16/SF
NOI
$19.9K $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 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%
$397,460
Cap Rate 7%
$283,900
Cap Rate 9%
$220,811
Alternative Uses
Best Use
Office B
$283.9K
$248.4K – $331.2K
NOI $19,873 @ 7.0% cap · market cap 3.32%
Second Best
Mixed Use
$230.4K
$201.6K – $268.8K
NOI $16,129 @ 7.0% cap · market cap 2.69%
Theoretical Best
Specialty Retail
$483.9K
$423.4K – $564.5K
NOI $33,871 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated office property with two full bathrooms, flexible interior use, and outdoor area for equipment parking.
Where is this office building located?
The property is located at 1679 S O St Tulare, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,593‑square‑foot office building in Tulare; Complete remodel with newer roof and HVAC; Two full bathrooms
