Remodeled Mixed-Use Commercial
For Sale
$425,000
40315 Junction Dr, Oakhurst, CA 93644
Remodeled office and retail space near the CA-41 and CA-49 intersection with association-supported common areas.
Property Size2,618 SF
Price / SF$162.34
Days on Market10
Property Features for 40315 Junction Dr
General Information
Standard status
Active
Size
2,618 SF
Additional Details
Cap Rate
7.37%
Building Details
Year Built
2006
Listing Agency:
Andrew Pence, Broker
Listed By:
Andrew P. Pence · License #02091912
(559) 908-5281
Source:
Exprealty
Added: Sep 1
Changed: Sep 10
Last Checked: Sep 10 at 3:22PM
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 Andrew Pence, Broker
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines office and retail functionality in a remodeled suite at 40315 Junction Dr. The building was constructed in 2006, and the offering includes ownership of the parking lot along with association-supported common areas for ongoing property operations.
The property is positioned in Oakhurst’s primary commercial corridor near the CA-41 and CA-49 intersection, with Grocery Outlet and daily-needs retail nearby. A proposed two-year seller lease is associated with an approximate 7.37% cap rate, providing a defined lease structure for consideration by prospective buyers.
The property is positioned in Oakhurst’s primary commercial corridor near the CA-41 and CA-49 intersection, with Grocery Outlet and daily-needs retail nearby. A proposed two-year seller lease is associated with an approximate 7.37% cap rate, providing a defined lease structure for consideration by prospective buyers.
Key Highlights
- Remodeled office and retail suite
- Constructed in 2006
- Near the CA‑41 and CA‑49 intersection
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
$24,071
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
5.66%
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%
$481,420
$481.4K
Cap Rate 7%
$343,871
$343.9K
Cap Rate 9%
$267,456
$267.5K
Market Conditions
NOI Build-Up for 2,618 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
$40.8K $15.60/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$38.5K $14.71/SF
− OpEx
−$14.4K −$5.52/SF
NOI
$24.1K $9.19/SF
Area
Madera County, CA
Vacancy
5.70%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$481,420
Cap Rate 7%
$343,871
Cap Rate 9%
$267,456
Alternative Uses
Best Use
Office B
$854.6K
$747.7K – $997.0K
NOI $59,819 @ 7.0% cap · market cap 14.08%
Second Best
Retail
$764.3K
$668.8K – $891.7K
NOI $53,503 @ 7.0% cap · market cap 12.59%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,921 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
Explore this area
Business Placement
Demographics for 93644, CA
7,751
Population
3,788
Households
2
Avg Household Size
52
Median Age
26%
College-Educated
91%
High-School Grad
117.1 sq mi
ZIP Area
66
Density / Sq Mi
$75,241
Median Household Income
$29,056
Median Earnings
$1,301
Median Rent
$378,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled office and retail space near the CA-41 and CA-49 intersection with association-supported common areas.
Where is this mixed-use property located?
The property is located at 40315 Junction Dr Oakhurst, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Remodeled office and retail suite; Constructed in 2006; Near the CA‑41 and CA‑49 intersection
