Multi-Tenant Medical Office Building For
For Sale
$1,850,000
2020 Colorado Avenue, Turlock, CA 95382
Multi-tenant medical office building near Emmanuel Medical Center.
Property Size5,130 SF
Price / SF$360.62
Days on Market415
Property Features for 2020 Colorado Avenue
General Information
Standard status
Active
Size
5,130 SF
Property subtype
Industrial
Amenities
Varies by Unit, Tile
Building Details
Building Size
5,130 SF
Year Built
1999
Listing Agency:
PMZ Commercial Real Estate
Listed By:
Jordan Amarant · License #01911219
(209) 345-8209
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 5
Last Checked: Oct 12 at 6:40PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,552
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,971,040
$3.0M
Cap Rate 7%
$2,122,171
$2.1M
Cap Rate 9%
$1,650,578
$1.7M
Market Conditions
NOI Build-Up for 5,130 SF
Gross rent
$230.9K $45.00/SF
− Vacancy
−$32.8K −$6.39/SF
EGI
$198.1K $38.61/SF
− OpEx
−$49.5K −$9.65/SF
NOI
$148.6K $28.96/SF
Area
Stanislaus County, CA
Vacancy
14.20%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,971,040
Cap Rate 7%
$2,122,171
Cap Rate 9%
$1,650,578
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.48M
NOI $148,552 @ 7.0% cap · market cap 8.03%
Second Best
Healthcare Medical
$1.06M
$925.9K – $1.23M
NOI $74,075 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,906 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95382, CA
38,702
Population
14,167
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
3,551
Density / Sq Mi
$93,592
Median Household Income
$51,258
Median Earnings
$1,790
Median Rent
$483,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.
