Medical Office with X-Ray
For Sale
Contact for pricing
320 E Hobsonway, Blythe, CA 92225
Configured chiropractic office with treatment rooms, consultation space, reception, and dedicated clinical support areas.
Property Size2,046 SF
Price / SF$171.07
Days on Market140
Property Features for 320 E Hobsonway
General Information
Standard status
Active
Size
2,046 SF
Property subtype
Office
Building Details
Year Built
1954
Year Renovated
2022
Listing Agency:
Osborne Realty
(760) 567-2407
Listed By:
John Osborne · License #00852775
Source:
Crexi
Added: Apr 14
Changed: Aug 31
Last Checked: Aug 31 at 2:23AM
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 Osborne Realty
Investment Insights
Based on property information with market context.
This 2,046-square-foot medical office at 320 E Hobsonway is configured for chiropractic practice use. The interior includes four adjustment rooms, a consultation room, a remodeled reception area, and a dedicated digital X-ray room. A private physician office has a separate entrance and en-suite bathroom, while additional support areas include an ADA-accessible bathroom, kitchen and break space, and two storage rooms.
Property improvements include fresh exterior paint, new carpet throughout, and an HVAC system installed in 2022. The sale includes APN #848-063-003, a separate parcel currently used for parking. Established clientele is also included in the offering.
Property improvements include fresh exterior paint, new carpet throughout, and an HVAC system installed in 2022. The sale includes APN #848-063-003, a separate parcel currently used for parking. Established clientele is also included in the offering.
Key Highlights
- 2,046 SF medical office at 320 E Hobsonway
- Four adjustment rooms plus one consultation room
- Dedicated digital X‑ray room
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
$24,082
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
6.88%
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%
$481,640
$481.6K
Cap Rate 7%
$344,029
$344.0K
Cap Rate 9%
$267,578
$267.6K
Market Conditions
NOI Build-Up for 2,046 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
$34.9K $17.04/SF
− Vacancy
−$2.8K −$1.35/SF
EGI
$32.1K $15.69/SF
− OpEx
−$8.0K −$3.92/SF
NOI
$24.1K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /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%
$481,640
Cap Rate 7%
$344,029
Cap Rate 9%
$267,578
Alternative Uses
Best Use
Office B
$344.0K
$301.0K – $401.4K
NOI $24,082 @ 7.0% cap · market cap 6.88%
Second Best
Healthcare Medical
$242.3K
$212.0K – $282.7K
NOI $16,959 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$431.6K
$377.6K – $503.5K
NOI $30,210 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92225, CA
21,104
Population
7,797
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
71%
High-School Grad
581.0 sq mi
ZIP Area
36
Density / Sq Mi
$51,294
Median Household Income
$32,548
Median Earnings
$902
Median Rent
$197,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured chiropractic office with treatment rooms, consultation space, reception, and dedicated clinical support areas.
Where is this medical office space located?
The property is located at 320 E Hobsonway Blythe, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,046 SF medical office at 320 E Hobsonway; Four adjustment rooms plus one consultation room; Dedicated digital X‑ray room
