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 Market203
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: Aug 16
Last Checked: Sep 9 at 7:35AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Office in West region
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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)
