Remodeled Office Building For
For Sale
Contact for pricing
450 N 3rd St, Coalinga, CA 93210
Remodeled 2,160 SF office building suitable for various uses.
Property Size2,160 SF
Lot Size0.15 Acres
Price / SF$150.46
Days on Market869
Property Features for 450 N 3rd St
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.15 Acres
Property subtype
Office
Building Details
Year Built
1964
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Mar 14, 2024
Changed: Jul 10
Last Checked: Jul 29 at 2:29PM
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 C21 Commercial
Investment Insights
Based on property information with market context.
The property features approximately 2,160 square feet of space, situated on a 0.15-acre lot. Formerly a medical office building, it has been fully remodeled with recent improvements, making it suitable for repurposing as a residential care facility. The layout includes seven private offices, a kitchen/breakroom, a front reception/waiting area, storage space, and restrooms. The space can be adapted for use as a medical office, general office, or a residential care facility with minimal additional improvements. The property benefits from a high-traffic location near the Polk Street retail corridor, with numerous national and local retailers nearby. The recent remodel includes new hard-surface flooring and carpet, newer HVAC systems, updated energy-efficient features, fresh interior and exterior paint, newer ADA-compliant restrooms, outdoor lighting, a solid parking lot, and landscaping. On-site private parking is available, along with street parking, accommodating various uses such as attorney practices, medical offices, and professional offices. The property offers easy access, ample parking, spacious common restrooms, and direct signage exposure to Van Ness Avenue.
Key Highlights
- Fully remodeled ±2,160 SF building suitable for various uses.
- Prime location at a high‑traffic intersection near Polk St retail corridor with easy access to Van Ness Ave.
- Ample parking with on‑site private lot plus street parking.
Financial Insights For Apartment 5plus
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 | $51.8k | $24.00 |
| − Vacancy | −$2.2k | −$1.01 |
| EGI | $49.7k | $22.99 |
| − OpEx | −$22.3k | −$10.35 |
| NOI | $27.3k | $12.65 |
2,160 SF · lease $24.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$390.2K
$341.4K – $455.2K
NOI $27,314 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.2K
$535.7K – $714.2K
NOI $42,854 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93210, CA
18,581
Population
4,883
Households
3.8
Avg Household Size
34
Median Age
12%
College-Educated
68%
High-School Grad
775.4 sq mi
ZIP Area
24
Density / Sq Mi
$77,850
Median Household Income
$36,583
Median Earnings
$1,034
Median Rent
$258,300
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Hopes Haven — 252 University Ave, Coalinga, CA 93210
- Coalinga Assisted Living Community — Coalinga, CA 93210
Frequently Asked Questions
What type of property is this?
Assisted living facility - Remodeled 2,160 SF office building suitable for various uses.
Where is this assisted living facility located?
The property is located at 450 N 3rd St Coalinga, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully remodeled ±2,160 SF building suitable for various uses.; Prime location at a high‑traffic intersection near Polk St retail corridor with easy access to Van Ness Ave.; Ample parking with on‑site private lot plus street parking.
