Freestanding Medical Office
For Sale
Contact for pricing
221 N G St, Porterville, CA 93257
Freestanding medical office with private reception, conference area, multiple private offices, and on-site parking.
Property Size1,050 SF
Lot Size0.11 Acres
Price / SF$366.67
Days on Market407
Property Features for 221 N G St
General Information
Standard status
Active
Size
1,050 SF
Total Parking Spaces
8
Lot size
0.11 Acres
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
private parking lot
lush yard
professionally maintained building
direct bus stop
private reception
conference area
multiple private offices
mature drought resistant low-maintenance landscaping
secure private established location
signage available
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Aug 6, 2025
Changed: Aug 16
Last Checked: Sep 15 at 8:51AM
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 KW Commercial | Central California
Investment Insights
Based on property information with market context.
This freestanding medical office building offers a private reception area, a conference space, and multiple private offices. The property includes a lush, professionally maintained yard with low-maintenance drought resistant landscaping, plus equipment can be included in exam rooms.
The building sits on a private setting with signage available, featuring ample parking that includes 8 total spaces along with a private parking lot. A direct bus stop is located in front of the building (Route 6, Stop 10), and the property is centrally located off W Cleveland Avenue.
For access, the location provides easy routes to CA-65 and Olive Avenue.
The building sits on a private setting with signage available, featuring ample parking that includes 8 total spaces along with a private parking lot. A direct bus stop is located in front of the building (Route 6, Stop 10), and the property is centrally located off W Cleveland Avenue.
For access, the location provides easy routes to CA-65 and Olive Avenue.
Key Highlights
- Approximately 970 SF freestanding medical office building on 0.11 AC
- Private reception, conference area, and multiple private offices
- On‑site parking for 8 vehicles plus ample street parking
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
$14,886
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
3.87%
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%
$297,720
$297.7K
Cap Rate 7%
$212,657
$212.7K
Cap Rate 9%
$165,400
$165.4K
Market Conditions
NOI Build-Up for 1,050 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
$28.1K $26.76/SF
− Vacancy
−$3.3K −$3.13/SF
EGI
$24.8K $23.63/SF
− OpEx
−$9.9K −$9.45/SF
NOI
$14.9K $14.18/SF
Area
Tulare County, CA
Vacancy
11.70%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
40.00%
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%
$297,720
Cap Rate 7%
$212,657
Cap Rate 9%
$165,400
Alternative Uses
Best Use
Healthcare Medical
$212.7K
$186.1K – $248.1K
NOI $14,886 @ 7.0% cap · market cap 3.87%
Second Best
Office B
$187.1K
$163.7K – $218.3K
NOI $13,099 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93257, CA
79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Western Veterinary Supply — 79 W Orange Ave B, Porterville, CA 93257
- Henderson Veterinary Hospital — 238 W Henderson Ave, Porterville, CA 93257
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office with private reception, conference area, multiple private offices, and on-site parking.
Where is this medical office space located?
The property is located at 221 N G St Porterville, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 970 SF freestanding medical office building on 0.11 AC; Private reception, conference area, and multiple private offices; On‑site parking for 8 vehicles plus ample street parking
