Medical Office Condo
For Sale
$400,000
756 Porter Avenue, Stockton, CA 95207
Medical office condo with reception, operatories, sterilization space, private office and ADA-compliant restroom, plus gated parking.
Property Size1,268 SF
Price / SF$315.46
Days on Market522
Property Features for 756 Porter Avenue
General Information
Standard status
Active
Size
1,268 SF
Property subtype
Office
Amenities
reception area
4 operatories
central sterilization space
private office with en-suite restroom
ADA-compliant restroom
skylights
ample storage
central heat & air
gated parking
Central Air
3
CO
28 Parking Spaces. Public.
Building Details
Year Built
1992
Listing Agency:
4002222
Listed By:
Grupe Real Estate
4002222
Source:
Xome
Added: Mar 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:18AM
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 Grupe Real Estate
Investment Insights
Based on property information with market context.
This medical office condo suite is located within the Porter Professional Group and offers a professional healthcare buildout. The interior includes a reception area, four operatories, a central sterilization space, and a private office with an en-suite restroom. There is also an ADA-compliant restroom, skylights, and ample storage, along with central heat and air. Built in 1992, the space is ready for a few cosmetic updates to modernize the finishes.
The suite is well situated between established dental offices. It also benefits from gated parking and is one block away from Pacific Ave and Lincoln Center.
Unit 200 offers a practical combination of patient-facing treatment space and supporting rooms, designed to support medical or dental operations.
The suite is well situated between established dental offices. It also benefits from gated parking and is one block away from Pacific Ave and Lincoln Center.
Unit 200 offers a practical combination of patient-facing treatment space and supporting rooms, designed to support medical or dental operations.
Key Highlights
- 1,268 sq ft medical office condo within the Porter Professional Group
- Reception area plus 4 operatories for exam/treatment room use
- Central sterilization space and skylights
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
$21,825
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
5.46%
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%
$436,500
$436.5K
Cap Rate 7%
$311,786
$311.8K
Cap Rate 9%
$242,500
$242.5K
Market Conditions
NOI Build-Up for 1,268 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
$34.2K $27.00/SF
− Vacancy
−$5.1K −$4.05/SF
EGI
$29.1K $22.95/SF
− OpEx
−$7.3K −$5.74/SF
NOI
$21.8K $17.21/SF
Area
ZIP 95207
Vacancy
15.00%
Lease Rate
$27.00 /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%
$436,500
Cap Rate 7%
$311,786
Cap Rate 9%
$242,500
Alternative Uses
Best Use
Office B
$311.8K
$272.8K – $363.8K
NOI $21,825 @ 7.0% cap · market cap 5.46%
Second Best
Healthcare Medical
$289.5K
$253.4K – $337.8K
NOI $20,268 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$420.8K
$368.2K – $491.0K
NOI $29,458 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Petco Vaccination Clinic — 5406 Pacific Ave, Stockton, CA 95207
- Pacific Veterinary Hospital Stockton — 6828 Pacific Ave, Stockton, CA 95207
- Venetian Pet Hospital — 6610 Gettysburg Pl, Stockton, CA 95207
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo with reception, operatories, sterilization space, private office and ADA-compliant restroom, plus gated parking.
Where is this medical office space located?
The property is located at 756 Porter Avenue Stockton, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,268 sq ft medical office condo within the Porter Professional Group; Reception area plus 4 operatories for exam/treatment room use; Central sterilization space and skylights
