Office Building with Independently Owned
324 South Gateway Drive Madera, CA 93637
324 South Gateway Drive, Madera, CA, 93637
$799,000
For Sale
$799,000
Built in 1959, this 3,024-square-foot office building features independently owned and operated suites.
Property Size3,024 SF
Price / SF$264.22
Days on Market65
Property Features for 324 South Gateway Drive
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Property subtype
- Office
Listing agency
RE/MAX
(559) 246-0000
Listed by
Kirk Atamian · License #2127378
Source
Remaxcommercial
Added: May 18 Updated: Jul 21 at 7:53AM Checked: Jul 21 at 7:53AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This for-sale office building was built in 1959 and offers a total of 3,024 square feet. The property is configured as multiple office suites, with each office independently owned and operated.
Located at 324 South Gateway Drive in Madera, the building sits in a commercial area and is presented as a fit for office/office building investors seeking a versatile setup for modern upgrades and potential expansion.
From an operational standpoint, the independently owned and operated offices may appeal to buyers looking at a multi-suite office arrangement within a single building.
Located at 324 South Gateway Drive in Madera, the building sits in a commercial area and is presented as a fit for office/office building investors seeking a versatile setup for modern upgrades and potential expansion.
From an operational standpoint, the independently owned and operated offices may appeal to buyers looking at a multi-suite office arrangement within a single building.
Key Highlights
- 3,024 SF office building in Madera, CA
- Built in 1959
- Each office suite is independently owned and operated
Local 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 | $107.4k | $35.52 |
| − Vacancy | −$15.3k | −$5.05 |
| EGI | $92.1k | $30.47 |
| − OpEx | −$23.0k | −$7.62 |
| NOI | $69.1k | $22.85 |
3,024 SF · lease $35.52/SF/yr · vacancy 14.23% · expense 25.00%
Alternative Uses
Best Use
Office B
$987.1K
$863.7K – $1.15M
NOI $69,096 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,919 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Papa Murphy's | Take ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Built in 1959, this 3,024-square-foot office building features independently owned and operated suites.
Where is this office units located?
The property is located at 324 South Gateway Drive Madera, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,024 SF office building in Madera, CA; Built in 1959; Each office suite is independently owned and operated
