Leased Office Investment
314 N Main St Porterville, CA 93257
For Sale
Contact for pricing
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 Market158
Property Features for 314 N Main St
General Information
- Standard status
- Active
- Size
- 7,324 SF
- Property subtype
- OFFICE
Listing Agency:
Colliers | Fresno
(559) 289-7962
Listed By:
Scott Buchanan · License #01902869
(559) 289-7962
Source:
Moodyscre
Added: Feb 19
Changed: Jul 25
Last Checked: Jul 26 at 11:26AM
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
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 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 | $146.8k | $20.04 |
| − Vacancy | −$25.0k | −$3.41 |
| EGI | $121.8k | $16.63 |
| − OpEx | −$30.5k | −$4.16 |
| NOI | $91.4k | $12.47 |
7,324 SF · lease $20.04/SF/yr · vacancy 17.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jones Marvin D
Employment Agency
SJVC Porterville
College
Sarah Catalina - Keller ...
Real Estate Agency
Ennis Commercial Properties
Construction Company
FAQs
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)
