Corner Medical Office
2531 Howard Road Madera, CA 93637
2531 Howard Road, Madera, CA, 93637
$1,100,000
For Sale
$1,100,000
Class B medical office building on a corner with ample parking and an adjacent shell-ready space.
Property Size4,400 SF
Price / SF$250
Days on Market152
Property Features for 2531 Howard Road
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2011
Listing agency
Suzie Guluzian, Broker
(559) 260-2326
Listed by
Suzie K. Guluzian · License #01209311
(559) 260-2326
Source
Exitrealty
Added: Feb 21 Updated: Jul 22 at 3:47PM Checked: Jul 22 at 3:47PM
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 Suzie Guluzian, Broker
Investment Insights
Based on property information with market context.
This commercial property includes a Class B medical office building on a corner lot. The next door space is described as a shell ready for a new owner, providing flexibility for future buildout while keeping the existing medical office use in place.
The building is located on the corner of Howard and Granada and is noted to offer ample parking and proximity to amenities. The property consists of 3 parcels.
The combination of an operating medical office and an adjacent shell-ready space can support a range of ownership and tenant scenarios, subject to buyer or tenant requirements.
The building is located on the corner of Howard and Granada and is noted to offer ample parking and proximity to amenities. The property consists of 3 parcels.
The combination of an operating medical office and an adjacent shell-ready space can support a range of ownership and tenant scenarios, subject to buyer or tenant requirements.
Key Highlights
- Class B medical office building on the corner of Howard and Granada
- Built in 2011
- Ample on‑site parking
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.3k | $35.52 |
| − Vacancy | −$22.2k | −$5.05 |
| EGI | $134.0k | $30.47 |
| − OpEx | −$33.5k | −$7.62 |
| NOI | $100.5k | $22.85 |
4,400 SF · lease $35.52/SF/yr · vacancy 14.23% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,536 @ 7.0% cap · market cap 9.14%
Second Best
Healthcare Medical
$910.3K
$796.6K – $1.06M
NOI $63,724 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,194 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Northwest Dental Care
Dental Office
Northwest Dental Care: ...
Dental Office
Rosalinda M Miranda ...
Dental Office
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- Ambrose Veterinary Hospital: Abrose Frank J DVM — 150 Dwyer St, Madera, CA 93637
FAQs
What type of property is this?
Medical Office Space - Class B medical office building on a corner with ample parking and an adjacent shell-ready space.
Where is this medical office space located?
The property is located at 2531 Howard Road Madera, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Class B medical office building on the corner of Howard and Granada; Built in 2011; Ample on‑site parking
