Remodeled Office Building For
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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 Market961
Property Features for 450 N 3rd St
General Information
Standard status
Active
Size
2,160 SF
Class
B
Lot size
0.15 Acres
Property subtype
Office
Zoning
MU-Mixed Use
Lease Type
Modified Gross
Building Details
Year Built
1964
Tenancy
Single
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis · License #CA
(559) 302-8698
Source:
Crexi
Added: Mar 14, 2024
Changed: Oct 25
Last Checked: Oct 28 at 5:07AM
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$27,314
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,280
$546.3K
Cap Rate 7%
$390,200
$390.2K
Cap Rate 9%
$303,489
$303.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$51.8K $24.00/SF
− Vacancy
−$2.2K −$1.01/SF
EGI
$49.7K $22.99/SF
− OpEx
−$22.3K −$10.35/SF
NOI
$27.3K $12.65/SF
Area
Fresno County, CA
Vacancy
4.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,280
Cap Rate 7%
$390,200
Cap Rate 9%
$303,489
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Under-served
Demand for This Use
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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
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Similar Off Market Nearby
- Coalinga Assisted Living Community — Coalinga, CA 93210
- Hopes Haven — 252 University Ave, 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.
