Building Details

Year Built 1954

Year Renovated 2022

Listing Agency: Osborne Realty

Listed By: John Osborne · License #00852775 Show Phone

Source: Crexi

Added: Apr 14 Changed: Oct 9 Last Checked: Oct 16 at 9:07AM

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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

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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.

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 / Yr

$32,146

Cap Rate

9.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$642,920 $642.9K

Cap Rate 7%

$459,229 $459.2K

Cap Rate 9%

$357,178 $357.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,046 SF

Gross rent

$46.9K $22.92/SF

− Vacancy

−$4.0K −$1.97/SF

EGI

$42.9K $20.95/SF

− OpEx

−$10.7K −$5.24/SF

NOI

$32.1K $15.71/SF

Area

Riverside County, CA

Vacancy

8.60%

Lease Rate

$22.92 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$642,920

Cap Rate 7%

$459,229

Cap Rate 9%

$357,178

Alternative Uses

Best Use

Office B

$459.2K

$401.8K – $535.8K (±1% cap)

NOI $32,146 @ 7.0% cap · market cap 9.18%

Second Best

Healthcare Medical

$297.2K

$260.0K – $346.7K (±1% cap)

NOI $20,803 @ 7.0% cap · market cap 5.94%

Theoretical Best

Office A

$612.9K

$536.3K – $715.1K (±1% cap)

NOI $42,906 @ 7.0% cap · market cap 12.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Maltby Chiropractic Office Alternative Medicine Practice Arizona Porta Potty ... Building Supply

Suggested Use

Top Pick Hair Salon Law Firm Skin Care Clinic Garden Center Locksmith HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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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