Dental Office in Downtown
For Sale
$229,000
Pending
540 Vermont Street, Gridley, CA 95948
Converted residence with ample parking and storage in downtown Gridley.
Property Size1,043 SF
Lot Size0.16 Acres
Days on Market1332
Property Features for 540 Vermont Street
General Information
Standard status
Pending
Size
1,043 SF
Lot size
0.16 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1900
Listing Agency:
Bill Chance Realty
(530) 343-7085
Listed By:
Jessica Henman · License #01920472
(530) 520-3109
Source:
Exitrealty
Added: Mar 4, 2023
Changed: Oct 25
Last Checked: Oct 24 at 2:54PM
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 Bill Chance Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property, originally a residence, has been converted into a dental office. The layout includes a waiting area, a private office, an exam room, a storage area equipped with a sink, a file storage area, and a bathroom. The property provides ample parking space at both the front and rear of the building. Additionally, there is a separate storage building located at the rear of the property. The building size is 1043 square feet. This commercial real estate is located in downtown Gridley.
Key Highlights
- Converted dental office featuring a waiting area, office, exam room, and bathroom.
- Ample parking available in both the front and rear.
- Additional storage building located at the rear of the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,259
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,180
$405.2K
Cap Rate 7%
$289,414
$289.4K
Cap Rate 9%
$225,100
$225.1K
Market Conditions
NOI Build-Up for 1,043 SF
Gross rent
$41.2K $39.48/SF
− Vacancy
−$7.4K −$7.11/SF
EGI
$33.8K $32.37/SF
− OpEx
−$13.5K −$12.95/SF
NOI
$20.3K $19.42/SF
Area
Butte County, CA
Vacancy
18.00%
Lease Rate
$39.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,180
Cap Rate 7%
$289,414
Cap Rate 9%
$225,100
Alternative Uses
Best Use
Office B
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 12.52%
Second Best
Healthcare Medical
$289.4K
$253.2K – $337.7K
NOI $20,259 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$484.8K
$424.2K – $565.6K
NOI $33,934 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95948, CA
11,603
Population
4,149
Households
2.8
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
75.6 sq mi
ZIP Area
153
Density / Sq Mi
$60,759
Median Household Income
$39,905
Median Earnings
$1,162
Median Rent
$343,500
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
Similar Off Market Nearby
- Gridley Veterinary Hospital — 27 E Gridley Rd A, Gridley, CA 95948
Frequently Asked Questions
What type of property is this?
Medical Office Space - Converted residence with ample parking and storage in downtown Gridley.
Where is this medical office space located?
The property is located at 540 Vermont Street Gridley, CA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Converted dental office featuring a waiting area, office, exam room, and bathroom.; Ample parking available in both the front and rear.; Additional storage building located at the rear of the property.
