Six-Unit Medical Office
For Sale
Contact for pricing
1827 S Court St, Visalia, CA 93277
Fully leased medical suites include multiple restrooms per unit and on-site parking at the property.
Property Size9,180 SF
Price / SF$271.79
Days on Market9
Property Features for 1827 S Court St
General Information
Standard status
Active
Size
9,180 SF
Total Parking Spaces
50
Property subtype
OFFICE
Occupancy
100%
Additional Details
Office Units
6
Building Details
Buildings
1
Listing Agency:
Graham & Associates
(559) 754-3020
Listed By:
Michelle Elick
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 2:35PM
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 Graham & Associates
Investment Insights
Based on property information with market context.
This fully leased medical office property contains six separate units within a 9,180-square-foot building. Each suite measures 1,530+/- Sq. Ft. and includes 2 restrooms, creating a consistent configuration across the building.
The parcel provides 50 total parking spaces positioned in both the front and rear of the building. The property is located at 1827 S Court St in Visalia, California, within minutes of Kaweah Delta Healthcare District.
The parcel provides 50 total parking spaces positioned in both the front and rear of the building. The property is located at 1827 S Court St in Visalia, California, within minutes of Kaweah Delta Healthcare District.
Key Highlights
- Six medical office units, each measuring 1,530+/- Sq. Ft.
- Fully leased medical office building
- Each unit includes 2 restrooms
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
$145,229
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
5.82%
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%
$2,904,580
$2.9M
Cap Rate 7%
$2,074,700
$2.1M
Cap Rate 9%
$1,613,656
$1.6M
Market Conditions
NOI Build-Up for 9,180 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
$242.4K $26.40/SF
− Vacancy
−$48.7K −$5.31/SF
EGI
$193.6K $21.09/SF
− OpEx
−$48.4K −$5.27/SF
NOI
$145.2K $15.82/SF
Area
Visalia, CA
Vacancy
20.10%
Lease Rate
$26.40 /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%
$2,904,580
Cap Rate 7%
$2,074,700
Cap Rate 9%
$1,613,656
Alternative Uses
Best Use
Office B
$2.07M
$1.82M – $2.42M
NOI $145,229 @ 7.0% cap · market cap 5.82%
Second Best
Healthcare Medical
$1.70M
$1.49M – $1.98M
NOI $118,973 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,036 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
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?
Medical Office Space - Fully leased medical suites include multiple restrooms per unit and on-site parking at the property.
Where is this medical office space located?
The property is located at 1827 S Court St Visalia, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Six medical office units, each measuring 1,530+/- Sq. Ft.; Fully leased medical office building; Each unit includes 2 restrooms
