Four-Tenant Medical Office
457 E Almond Ave, Madera, CA 93637
For Sale
Contact for pricing
Four healthcare practices occupy separate suites under long-term NNN leases.
Property Size10,550 SF
Lot Size1.07 Acres
Price / SF$586.73
Days on Market20
Property Features for 457 E Almond Ave
General Information
Standard status
Size
Class
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Office Units
Property Use
Medical Specialty
Amenities
landscaped grounds
Building Details
Buildings
Stories
Building Size
Tenancy
Owner Occupied
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis
(559) 302-8698
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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
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Investment Insights
Based on property information with market context.
At 457 E Almond Ave in Madera, this freestanding, single-story office property contains approximately 10,550 square feet across four separately leased suites. The building is fully leased to healthcare tenants, with NNN lease expirations staggered through 2036. Suite improvements include reception and waiting areas, private offices, exam and treatment rooms, procedure rooms, nurse stations, administrative areas, restrooms, and storage. Dedicated medical equipment areas and break rooms are also present.
The property occupies approximately 46,915 square feet, or 1.07 acres, with landscaped grounds, on-site parking, and frontage on E Almond Avenue. It is next to Madera Community Hospital, with access to CA-99 from the Almond Avenue exit and connections to CA-145 and Avenue 12.
The property occupies approximately 46,915 square feet, or 1.07 acres, with landscaped grounds, on-site parking, and frontage on E Almond Avenue. It is next to Madera Community Hospital, with access to CA-99 from the Almond Avenue exit and connections to CA-145 and Avenue 12.
Key Highlights
- Fully leased to four healthcare tenants under NNN leases
- Approximately 10,550 SF of single‑story office space
- Four separately leased suites; expirations extend through 2036
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,058
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,821,160
$4.8M
Cap Rate 7%
$3,443,686
$3.4M
Cap Rate 9%
$2,678,422
$2.7M
Market Conditions
NOI Build-Up for 10,550 SF
Gross rent
$374.7K $35.52/SF
− Vacancy
−$53.3K −$5.05/SF
EGI
$321.4K $30.47/SF
− OpEx
−$80.4K −$7.62/SF
NOI
$241.1K $22.85/SF
Area
Madera County, CA
Vacancy
14.23%
Lease Rate
$35.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,821,160
Cap Rate 7%
$3,443,686
Cap Rate 9%
$2,678,422
Alternative Uses
Best Use
Office B
$3.44M
$3.01M – $4.02M
NOI $241,058 @ 7.0% cap · market cap 3.89%
Second Best
Healthcare Medical
$2.18M
$1.91M – $2.55M
NOI $152,794 @ 7.0% cap · market cap 2.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 93637, CA
40,202
Population
12,918
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
70%
High-School Grad
280.4 sq mi
ZIP Area
143
Density / Sq Mi
$74,621
Median Household Income
$36,057
Median Earnings
$1,345
Median Rent
$369,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Four healthcare practices occupy separate suites under long-term NNN leases.
Where is this office building located?
The property is located at 457 E Almond Ave Madera, CA.
What is the asking price?
The asking price for this property is $6,190,000.
What are key features of this property?
This property features: Fully leased to four healthcare tenants under NNN leases; Approximately 10,550 SF of single‑story office space; Four separately leased suites; expirations extend through 2036
