Medical Office Space
For Sale
Contact for pricing
7035-7045 Palm Ave, Highland, CA 92346
Medical office buildings with plumbing available for sale, sold together as a single offering.
Property Size3,644 SF
Price / SF$384.19
Days on Market782
Property Features for 7035-7045 Palm Ave
General Information
Standard status
Active
Size
3,644 SF
Property subtype
OFFICE
Building Details
Buildings
2
Listing Agency:
Voit Real Estate Services
(909) 775-4475
Listed By:
Dante Borruso · License #02086368
(909) 775-4475
Source:
Moodyscre
Added: Jun 19, 2024
Changed: Jul 30
Last Checked: Jul 30 at 9:55AM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
Medical office buildings with plumbing are offered for sale and must be sold together. The available property totals 3,644 square feet.
The property is located at 7035–7045 Palm Ave in Highland, CA 92346. The information provided indicates a multi-building configuration designed to support medical office use through built-in plumbing.
This offering is best suited for buyers looking to acquire multiple connected medical office buildings as one package, with plumbing already in place for tenant or operator buildout planning.
The property is located at 7035–7045 Palm Ave in Highland, CA 92346. The information provided indicates a multi-building configuration designed to support medical office use through built-in plumbing.
This offering is best suited for buyers looking to acquire multiple connected medical office buildings as one package, with plumbing already in place for tenant or operator buildout planning.
Key Highlights
- 3,644 total square feet
- Medical office buildings with plumbing
- Must be sold together
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
$42,891
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
3.06%
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%
$857,820
$857.8K
Cap Rate 7%
$612,729
$612.7K
Cap Rate 9%
$476,567
$476.6K
Market Conditions
NOI Build-Up for 3,644 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
$62.1K $17.04/SF
− Vacancy
−$4.9K −$1.35/SF
EGI
$57.2K $15.69/SF
− OpEx
−$14.3K −$3.92/SF
NOI
$42.9K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$857,820
Cap Rate 7%
$612,729
Cap Rate 9%
$476,567
Alternative Uses
Best Use
Office B
$612.7K
$536.1K – $714.9K
NOI $42,891 @ 7.0% cap · market cap 3.06%
Second Best
Healthcare Medical
$431.5K
$377.6K – $503.4K
NOI $30,205 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$768.6K
$672.6K – $896.8K
NOI $53,805 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office buildings with plumbing available for sale, sold together as a single offering.
Where is this medical office space located?
The property is located at 7035-7045 Palm Ave Highland, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,644 total square feet; Medical office buildings with plumbing; Must be sold together
