Back to Search

Multi-Tenant Medical Office Building For Sale

2020 Colorado Avenue Turlock, CA 95382

2020 Colorado Avenue, Turlock, CA, 95382

$1,850,000

For Sale

$1,850,000

Multi-tenant medical office building near Emmanuel Medical Center.

Property Size5,130 SF

Price / SF$360.62

AddedAug 26, 2025

Days on Market324

Last RefreshMay 19 at 8:47 pm

Property Features for 2020 Colorado Avenue

General Information

Standard status: Active
Size: 5,130 SF
Property subtype: Industrial

Building Details

Year Built: 1999

Listing office PMZ Commercial Real Estate

Listing date Aug 26, 2025

Source Kw

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 PMZ Commercial Real Estate

Investment Insights

Based on property information with market context.

This multi-tenant medical office building, constructed in 1999, offers 5,130 square feet of space with high-quality finishes and a durable tile roof. The property is located in close proximity to Emmanuel Medical Center and is suitable for medical or healthcare use. Suite A, comprising 3,617 square feet, is currently occupied by Turlock Eye Care, with a lease expiring on July 1, 2026. This presents an opportunity for a medical practice to purchase the suite and prepare for occupancy. Suite B, consisting of 1,513 square feet, is occupied by Hanger Clinic, a national credit medical tenant. Their lease expires on April 30, 2029, and includes 3% annual increases and two five-year extension options. This well-maintained and functional medical office building offers income-producing potential in a desirable location.

Key Highlights

Rare opportunity to acquire a well‑maintained, income‑producing medical office building in a desirable location.
Strong existing tenancy with a national credit medical tenant (Hanger Clinic) in place through April 30, 2029, including 3% annual increases and two, five‑year extension options.
Suite A (3,617 SF) offers a future opportunity for medical practice occupancy upon lease expiration of current tenant (Turlock Eye Care) on July 1, 2026.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$230.9k	$45.00
− Vacancy	−$32.8k	−$6.39
EGI	$198.1k	$38.61
− OpEx	−$49.5k	−$9.65
NOI	$148.6k	$28.96

5,130 SF · lease $45.00/SF/yr · vacancy 14.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,552 @ 7.0% cap · market cap 8.03%

Second Best

Healthcare Medical

$1.06M

$925.9K – $1.23M (±1% cap)

NOI $74,075 @ 7.0% cap · market cap 4.00%

Theoretical Best

Office A

$2.38M

$2.09M – $2.78M (±1% cap)

NOI $166,906 @ 7.0% cap · market cap 9.02%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hanger Clinic: Prosthetics ... Orthotics & Prosthetics Service Turlock Eyecare Optometry Physician Alan R. Julien, ... Physician Dr. JP Hamel Physician Dr. Collin Robillard Physician

Suggested Use

Similar For Sale Nearby

$1,299,999

4,580 SF

Newly Built 5-Plex Residential

Move-in ready 5-unit multifamily with ADA accessibility, owned solar, and a 9-vehicle onsite parking lot.

300 N Soderquist RD, Turlock, CA 95380

View Details
$995,000

5,572 SF

Retail-Office-Flex Building

Fully remodeled 5,572 SF showroom and flex space with 16-foot ceilings, modern HVAC, and ADA restrooms.

215 Lander Ave, Turlock, CA 95380

View Details
$999,999

3,623 SF

Three-Unit Triplex Income Property

Triplex for sale with three units, each featuring a two-car garage and private outdoor space.

3632 La Mancha Place, Turlock, CA 95382

View Details
$1,299,999

4,580 SF

Newly Built 5-Plex Residential Income

Newly built 5-unit property near a city park, featuring modern interiors and owned solar per unit.

300 N Soderquist Rd, Turlock, CA 95380

View Details
$1,550,000

Multifamily Property with Renovated Units

8-unit multifamily property with renovated units and private yards.

1036 N Olive Ave, Turlock, CA 95380

View Details
$5,855,000

5,000 SF

Turlock Restaurant For Sale

Freestanding restaurant building available for purchase in Turlock, California.

2630 W Tuolumne Rd, Turlock, CA 95380

View Details
Contact for pricing
1,970 SF

Medical Office Suite with Exam Rooms

Medical suite offering seven exam rooms, private offices, and ADA restrooms with ample on-site parking.

1060 Delbon Ave, Turlock, CA 95382

View Details
$98,500

Corner Storefront Retail Property

For sale retail storefront positioned on a corner for straightforward customer access from major routes.

549 N Golden State Boulevard, Turlock, CA 95380

View Details
$875,000

4,976 SF

Turlock Auto Repair Property

Auto repair property in Turlock's high-traffic Commercial Thoroughfare District.

210 South Center Street, Turlock, CA 95380

View Details
$3,758,370

6,501 SF

Turlock Retail Investment Opportunity

NNN leased retail property with long-term tenants and rent escalations.

1203-1211 W Monte Vista Ave, Turlock, CA

View Details
$2,750,000

Turlock Warehouses and Office Building

Warehouses and office building with highway frontage in Turlock.

Early Dawn, Turlock, CA 95380

View Details
$2,575,000

Turlock Commercial Building For Sale

4,255 SF commercial building with long-term NNN lease.

Geer, Turlock, CA 95382

View Details

Similar Off Market Nearby

Monte Vista Small Animal Hospital — 901 E Monte Vista Ave, Turlock, CA 95382
Ichord Andrew DVM — 901 E Monte Vista Ave, Turlock, CA 95382
Samuel Villegas - Monte Vista Small Animal Hospital — 901 E Monte Vista Ave, Turlock, CA 95382
Becky Lee - Monte Vista Small Animal Hospital — 901 E Monte Vista Ave, Turlock, CA 95382
Erin Cassiday - Monte Vista Small Animal Hospital — 901 E Monte Vista Ave, Turlock, CA 95382

For sale
Medical Office Space
CA
Turlock
95382
2020 Colorado Avenue

What type of property is this?

Medical Office Space - Multi-tenant medical office building near Emmanuel Medical Center.

Where is this medical office space located?

The property is located at 2020 Colorado Avenue Turlock, CA.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Rare opportunity to acquire a well‑maintained, income‑producing medical office building in a desirable location.; Strong existing tenancy with a national credit medical tenant (Hanger Clinic) in place through April 30, 2029, including 3% annual increases and two, five‑year extension options.; Suite A (3,617 SF) offers a future opportunity for medical practice occupancy upon lease expiration of current tenant (Turlock Eye Care) on July 1, 2026.