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    9236 California City Blvd California City, CA 93505

    Sponsored
    For Sale
    $280,000

    1,753 SF, 6.13% Cap Rate, NNN Lease

    Property size:
    1,753 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a 1,753-square-foot freestanding medical office building in California City, CA. Currently 100% leased to Hall Ambulance, a highly creditworthy and pandemic-proof tenant, under a triple-net (NNN) lease, this property offers significant advantages for investors. The building boasts a strong 20+ year operating history at this location, with the tenant responsible for all expenses and property taxes, minimizing landlord responsibilities. The current annual gross income is $17,160, generating a 6.13% cap rate. Hall Ambulance recently extended their lease, demonstrating their long-term commitment to the site. The property sits on a 0.22-acre lot and features ample private parking with California City Blvd frontage. The building itself is well-maintained and includes multiple private rooms, a kitchen and dining area, and private restrooms. Located in a strategic trade area with approximately 111,679 residents within a 5-mile radius, this property offers a stable income stream with potential upside through future lease increases or owner-occupancy. The property's Commercial Office zoning provides flexibility for future uses. The asking price is $280,000, representing a compelling price per square foot of $159.73. This is a turnkey investment opportunity with a proven track record and a strong tenant. The APN is 205-071-05.

    Property Features for 9236 California City Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    1,753 SF
    Lot Size
    9,583 SF

    HighLights

    • 1,753 SF freestanding medical office building.
    • 100% leased to Hall Ambulance, a triple‑net (NNN) tenant.
    • 20+ year operating history at this location.
    • Tenant pays all operating expenses and property taxes.
    • Credit tenant: Hall Ambulance, a pandemic‑proof business; $17,160 annual NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    California City
    County
    Kern
    State
    California
    Longitude
    -117.9625405
    Latitude
    35.1255703

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    FAQs

    What type of property is this?
    Medical office - 1,753 SF, 6.13% Cap Rate, NNN Lease
    Where is this medical office located?
    The property is located at 9236 California City Blvd California City, CA.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: 1,753 SF freestanding medical office building.; 100% leased to Hall Ambulance, a triple-net (NNN) tenant.; 20+ year operating history at this location.
    Request Owner's contact information
    9236 California City Blvd California City, CA 93505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9236 California City Blvd California City, CA 93505
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