Freestanding Medical Office
For Sale
Contact for pricing
221 N G St, Porterville, CA 93257
Freestanding ±970 SF office building with private parking.
Property Size950 SF
Lot Size0.10 Acres
Price / SF$342.11
Days on Market785
Property Features for 221 N G St
General Information
Standard status
Active
Size
950 SF
Class
A
Lot size
0.10 Acres
Property subtype
Office
Zoning
PO - Professional Office
Lease Type
Modified Gross
Building Details
Year Built
1986
Stories
1
Tenancy
Single
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis · License #CA
(559) 432-5533
Source:
Crexi
Added: Aug 21, 2024
Changed: Oct 1
Last Checked: Oct 12 at 8:40PM
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 C21 Commercial
Investment Insights
Based on property information with market context.
This is a ±970 SF freestanding professional or medical office building situated on approximately 0.10 acres. The single-story, turn-key office building includes a waiting room and lobby area, three exam rooms equipped with sinks and counter space, a front and back office with refrigerator hookups, and one restroom. The property is positioned toward the front of the lot, providing ample parking in the rear and street signage opportunities. It is located within a private and secure, established garden-style office environment, characterized by lush landscaping and a quiet, professional atmosphere. Equipment can be included. The property offers potential for single-story office use.
Key Highlights
- Turn‑key ±970 SF freestanding professional/medical office building.
- Private parking lot with ample rear parking and street signage.
- Equipped with waiting room/lobby, (3) exam rooms with sinks & counter space, front & back office with refrigerator hookups, & (1) restroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,469
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,380
$269.4K
Cap Rate 7%
$192,414
$192.4K
Cap Rate 9%
$149,656
$149.7K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$25.4K $26.76/SF
− Vacancy
−$3.0K −$3.13/SF
EGI
$22.4K $23.63/SF
− OpEx
−$9.0K −$9.45/SF
NOI
$13.5K $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 Rate 5%
$269,380
Cap Rate 7%
$192,414
Cap Rate 9%
$149,656
Alternative Uses
Best Use
Healthcare Medical
$192.4K
$168.4K – $224.5K
NOI $13,469 @ 7.0% cap · market cap 4.14%
Second Best
Office B
$169.3K
$148.1K – $197.5K
NOI $11,851 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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 ±970 SF office building with private 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 $325,000.
What are key features of this property?
This property features: Turn‑key ±970 SF freestanding professional/medical office building.; Private parking lot with ample rear parking and street signage.; Equipped with waiting room/lobby, (3) exam rooms with sinks & counter space, front & back office with refrigerator hookups, & (1) restroom.
