Six-Unit Medical Office
1827 S Court St, Visalia, CA 93277
For Sale
Contact for pricing
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 Market99
Property Features for 1827 S Court St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Office Units
Building Details
Buildings
Listing Agency:
Graham & Associates
(559) 754-3020
Listed By:
Michelle Elick
Source:
Moodyscre
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 10 at 8:40AM
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
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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 / Yr
$145,229
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
6
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
470
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
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Market
Vacancy Rate% for Office in West region
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
