Two-Building Medical Office
365 Pearson Drive Porterville, CA 93257
365 Pearson Drive, Porterville, CA, 93257
$1,100,000
For Sale
$1,100,000
Two detached office buildings offer multiple suites with reception, offices or exam rooms, and select dental lab space.
Property Size7,468 SF
Price / SF$147.30
Days on Market329
Property Features for 365 Pearson Drive
General Information
- Standard status
- Active
- Size
- 7,468 SF
- Property subtype
- Office
Building Details
- Year Built
- 1966
Listing agency
AXEN Realty
(559) 359-3057
Listed by
Geane Lohse · License #00554082
(559) 359-3057
Source
Xome
Added: Aug 28, 2025 Updated: Jul 22 at 1:00PM Checked: Jul 22 at 1:00PM
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 AXEN Realty
Investment Insights
Based on property information with market context.
This for-sale office complex features two detached buildings totaling 7,444 square feet per an appraiser. Building #1 contains units #1–4, and building #2 contains units #5–8, with suite sizes varying from 572 square feet to 1,348 square feet. Suites are generally arranged with entry and reception areas, offices or exam rooms, one bathroom each, and a variety of break rooms. Some suites include a lab for dental work, and an outdoor patio with dining benches is referenced in the property remarks.
The property includes two parking lots with new asphalt cap and striping completed on 9-25-26. Renovations cited include updated windows, siding, flooring, lighting, and bathrooms, and both roofs are described as less than nine years old with reflective coating per code.
The complex is currently occupied across eight units by a mix of office and medical-related tenants, including a health clinic, dentistry, a dental laboratory, and diagnostic services, as identified in the public remarks.
The property includes two parking lots with new asphalt cap and striping completed on 9-25-26. Renovations cited include updated windows, siding, flooring, lighting, and bathrooms, and both roofs are described as less than nine years old with reflective coating per code.
The complex is currently occupied across eight units by a mix of office and medical-related tenants, including a health clinic, dentistry, a dental laboratory, and diagnostic services, as identified in the public remarks.
Key Highlights
- Two detached office buildings totaling 7,444 SF, with 8 suites that vary in size from 572 SF to 1,348 SF
- Suites include entry/reception plus offices or exam rooms, with one bathroom each and a variety of break rooms
- Some suites include lab space for dental work, supported by tenant use such as Pen‑Dent Laboratory and dental offices
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 | $149.7k | $20.04 |
| − Vacancy | −$25.4k | −$3.41 |
| EGI | $124.2k | $16.63 |
| − OpEx | −$31.1k | −$4.16 |
| NOI | $93.2k | $12.47 |
7,468 SF · lease $20.04/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,877 @ 7.0% cap · market cap 9.63%
Second Best
Office B
$1.33M
$1.16M – $1.55M
NOI $93,163 @ 7.0% cap · market cap 8.47%
Theoretical Best
Specialty Retail
$2.27M
$1.98M – $2.65M
NOI $158,788 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sweet Smiles Dental ...
Dental Office
Falappino Martin T ...
Pediatrician
Dr. Steven M. ...
Physician
Kalpathy Venkatesan MD ...
Medical Clinic
Just Like Home
Senior Citizen Center
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FAQs
What type of property is this?
Office units - Two detached office buildings offer multiple suites with reception, offices or exam rooms, and select dental lab space.
Where is this office units located?
The property is located at 365 Pearson Drive Porterville, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two detached office buildings totaling 7,444 SF, with 8 suites that vary in size from 572 SF to 1,348 SF; Suites include entry/reception plus offices or exam rooms, with one bathroom each and a variety of break rooms; Some suites include lab space for dental work, supported by tenant use such as Pen‑Dent Laboratory and dental offices
