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Property profile

231 Mirage Ave Lindsay, CA 93247

OFF-MARKET
Office buildings
Property ID
US10-1751462
0.25 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This ±3,000 square foot medical office building in Lindsay, CA, presents a compelling investment opportunity. Located at 231 S Mirage Ave, this freestanding building sits on a 0.25-acre lot and boasts excellent street frontage and visibility. The property features two suites: a larger suite of approximately 2,000 square feet currently operating as a dental office, and a smaller suite of approximately 1,000 square feet. The larger suite includes an open layout with a reception area, three operatory rooms, two business offices, a kitchen area, three restrooms, and multiple storage closets. The smaller suite offers an open layout with a reception area, private offices, a small kitchen area, and restrooms. Both suites are currently occupied. The building also includes a private garage and a fenced rear parking lot with two shaded structures, providing ample parking for tenants and staff. The property is zoned PO - Professional Office and is in well-maintained condition, offering flexibility for future tenants or owner-occupancy. The building benefits from Ethernet/phone cabling throughout and is wireless internet ready. The asking price is $330,000, representing $110 per square foot. Seller financing options are available with a 25% down payment. The property's location is convenient, situated between CA-65 and CA-137 highways, serving a population of approximately 96,764 residents within a 10-mile radius. This property offers significant upside potential through leasing or owner-user occupancy. The APN is 205-235-004.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Lot 0.25 ac (11,074 SF)
APN 205-235-004-000
UPID US10-1751462

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

231 Mirage Ave Lindsay, CA 93247-2543
Lindsay metro Census 2800 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2024
Last sale
$335,000
6 recorded transactions
2024
$335,000
2024
Price N/A
1998
$60,000
1992
$55,500
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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