Chiropractic Office with X-Ray
For Sale
$350,000
320 E Hobsonway, Blythe, CA 92225
COMMERCIAL - Blythe, CA
Property Size2,046 SF
Price / SF$171.07
Days on Market132
Property Features for 320 E Hobsonway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Alley
Subdivision
374 - Blythe
Standard status
Active
APN
848063004
Size
2,046 SF
Utilities
Heating system
Central
Building Details
Year built
1954
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Osborne Realty · Century 21 Real Estate
(760) 921-2121
Listed By:
John Osborne · License #00852775
(760) 567-2407
Added: Apr 7
Changed: Aug 4
Last Checked: Aug 16 at 5:06PM
MLS# 219145986
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey chiropractic office is set up with a well-designed, highly functional interior. The layout includes four adjustment rooms, one consultation room, a welcoming front reception area that was recently remodeled, and a dedicated digital X-ray room. There is also a private doctor’s office with its own private entrance and en-suite bathroom, an ADA-accessible bathroom, a kitchen/break area, and two storage rooms.
Recent upgrades include fresh exterior paint, new carpet throughout, and a newer A/C and heating unit installed in 2022. The property is described as having excellent visibility and accessibility.
Sale includes APN #848-063-003, a separate parcel currently used as a parking lot, intended to add on-site convenience alongside the established office space.
Recent upgrades include fresh exterior paint, new carpet throughout, and a newer A/C and heating unit installed in 2022. The property is described as having excellent visibility and accessibility.
Sale includes APN #848-063-003, a separate parcel currently used as a parking lot, intended to add on-site convenience alongside the established office space.
Key Highlights
- Established chiropractic office with a layout including 4 adjustment rooms, 1 consultation room, and a welcoming front reception area
- Includes a dedicated digital X‑ray room plus a private doctor’s office with its own private entrance and en‑suite bathroom
- ADA‑accessible bathroom, kitchen/break area, and 2 storage rooms for added convenience
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
681
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 - Remodeled chiropractic office includes reception, four adjustment rooms, consultation room, and a dedicated digital X-ray room.
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: Established chiropractic office with a layout including 4 adjustment rooms, 1 consultation room, and a welcoming front reception area; Includes a dedicated digital X‑ray room plus a private doctor’s office with its own private entrance and en‑suite bathroom; ADA‑accessible bathroom, kitchen/break area, and 2 storage rooms for added convenience
