Medical Office with Reception
New
For Sale
$950,000
22940 Alessandro, Moreno Valley, CA 92553
Eight rooms and a generous reception area define the interior layout.
Property Size2,814 SF
Days on Market2
Property Features for 22940 Alessandro
General Information
Standard status
Active
Size
2,814 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,814 SF
Year Built
1970
Listing Agency:
First Choice Realty & Finance
Listed By:
Nurmahal Benigno
(909) 595-9777
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
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 First Choice Realty & Finance
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Investment Insights
Based on property information with market context.
Built in 1970, this renovated medical office contains eight rooms and a spacious reception area. New heating and air conditioning equipment has been installed, and the property is presented as move-in ready.
The site offers ample parking and access to freeways and main streets. Shops and restaurants are nearby.
The site offers ample parking and access to freeways and main streets. Shops and restaurants are nearby.
Key Highlights
- Eight rooms with a spacious reception area
- Newly installed heating and air conditioning
- Renovated property with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,345
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,900
$846.9K
Cap Rate 7%
$604,929
$604.9K
Cap Rate 9%
$470,500
$470.5K
Market Conditions
NOI Build-Up for 2,814 SF
Gross rent
$74.3K $26.40/SF
− Vacancy
−$3.7K −$1.32/SF
EGI
$70.6K $25.08/SF
− OpEx
−$28.2K −$10.03/SF
NOI
$42.3K $15.05/SF
Area
Moreno Valley, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,900
Cap Rate 7%
$604,929
Cap Rate 9%
$470,500
Alternative Uses
Best Use
Healthcare Medical
$604.9K
$529.3K – $705.8K
NOI $42,345 @ 7.0% cap · market cap 4.46%
Second Best
Office B
$589.6K
$515.9K – $687.9K
NOI $41,275 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$964.4K
$843.9K – $1.13M
NOI $67,508 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92553, CA
76,761
Population
20,175
Households
3.8
Avg Household Size
30
Median Age
13%
College-Educated
74%
High-School Grad
10.3 sq mi
ZIP Area
7,453
Density / Sq Mi
$71,344
Median Household Income
$36,525
Median Earnings
$1,892
Median Rent
$413,000
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
Similar Off Market Nearby
- Moreno Valley Community Vet Care — 14041 Elsworth St, Moreno Valley, CA 92553
- Moreno Valley Animal Clinic — 14041 Elsworth St Entrance B, Moreno Valley, CA 92553
Frequently Asked Questions
What type of property is this?
Medical Office Space - Eight rooms and a generous reception area define the interior layout.
Where is this medical office space located?
The property is located at 22940 Alessandro Moreno Valley, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Eight rooms with a spacious reception area; Newly installed heating and air conditioning; Renovated property with ample parking
