Leased Office Investment
For Sale
Contact for pricing
314 N Main St, Porterville, CA 93257
Fully-leased office property totaling about 7,324 square feet, leased through April 2027 with ample on-site parking.
Property Size7,324 SF
Price / SF$187.74
Days on Market248
Property Features for 314 N Main St
General Information
Standard status
Active
Size
7,324 SF
Property subtype
OFFICE
Zoning
PO
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Scott Buchanan · License #01389446
(559) 289-7962
Source:
Moodyscre
Added: Feb 19
Changed: Oct 25
Last Checked: Oct 24 at 9:13PM
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 Colliers | Fresno
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully-leased office investment opportunity offers approximately 7,324 square feet of space. The property is currently leased through April 2027. The owner can deliver either vacant or with the lease in place, and the current tenant does not plan to renew their lease.
The property is located on North Main Avenue, just south of West Morton Avenue in Porterville, California. Zoning is PO (City of Porterville), and parking is available on-site as well as street parking.
The offering is a straightforward office asset with parking for occupants, supported by the existing lease term extending to April 2027.
The property is located on North Main Avenue, just south of West Morton Avenue in Porterville, California. Zoning is PO (City of Porterville), and parking is available on-site as well as street parking.
The offering is a straightforward office asset with parking for occupants, supported by the existing lease term extending to April 2027.
Key Highlights
- Approximately 7,324 SF office investment property on North Main Avenue in Porterville, CA
- Fully leased through April 2027 (tenant does not plan to renew)
- Zoning PO (City of Porterville)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,366
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,827,320
$1.8M
Cap Rate 7%
$1,305,229
$1.3M
Cap Rate 9%
$1,015,178
$1.0M
Market Conditions
NOI Build-Up for 7,324 SF
Gross rent
$146.8K $20.04/SF
− Vacancy
−$25.0K −$3.41/SF
EGI
$121.8K $16.63/SF
− OpEx
−$30.5K −$4.16/SF
NOI
$91.4K $12.47/SF
Area
Tulare County, CA
Vacancy
17.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,827,320
Cap Rate 7%
$1,305,229
Cap Rate 9%
$1,015,178
Alternative Uses
Best Use
Office B
$1.31M
$1.14M – $1.52M
NOI $91,366 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.22M
$1.95M – $2.60M
NOI $155,727 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office building - Fully-leased office property totaling about 7,324 square feet, leased through April 2027 with ample on-site parking.
Where is this office building located?
The property is located at 314 N Main St Porterville, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Approximately 7,324 SF office investment property on North Main Avenue in Porterville, CA; Fully leased through April 2027 (tenant does not plan to renew); Zoning PO (City of Porterville)
