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Freestanding Medical Office Building

221 N G St Porterville, CA 93257

221 N G St, Porterville, CA, 93257
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Freestanding ±970 SF office building with private parking.

Property Size950 SF
Lot Size0.10 Acres
Price / SF$342.11
AddedAug 21, 2024
Days on Market694
Last RefreshJul 13 at 7:44 am

Property Features for 221 N G St

General Information

Standard status
Active
Size
950 SF
Lot size
0.10 Acres
Property subtype
Office

Building Details

Year Built
1986

Listing office C21 Commercial

Listing date Aug 21, 2024

Source Crexi

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


Investment Insights

Based on property information with market context.

This is a ±970 SF freestanding professional or medical office building situated on approximately 0.10 acres. The single-story, turn-key office building includes a waiting room and lobby area, three exam rooms equipped with sinks and counter space, a front and back office with refrigerator hookups, and one restroom. The property is positioned toward the front of the lot, providing ample parking in the rear and street signage opportunities. It is located within a private and secure, established garden-style office environment, characterized by lush landscaping and a quiet, professional atmosphere. Equipment can be included. The property offers potential for single-story office use.

Key Highlights

  • Turn‑key ±970 SF freestanding professional/medical office building.
  • Private parking lot with ample rear parking and street signage.
  • Equipped with waiting room/lobby, (3) exam rooms with sinks & counter space, front & back office with refrigerator hookups, & (1) restroom.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $25.4k $26.76
− Vacancy −$3.0k −$3.13
EGI $22.4k $23.63
− OpEx −$9.0k −$9.45
NOI $13.5k $14.18
950 SF · lease $26.76/SF/yr · vacancy 11.70% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$192.4K
$168.4K – $224.5K (±1% cap)
NOI $13,469 @ 7.0% cap · market cap 4.14%
Second Best
Office B
$169.3K
$148.1K – $197.5K (±1% cap)
NOI $11,851 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$288.6K
$252.5K – $336.7K (±1% cap)
NOI $20,199 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Parking Lot & Garage Catering Service HVAC Service Home Appliance Store (Bike/Boat/Book/etc) Store Butcher Computer & Electronic Repair Locksmith Electrical Service Wine and Liquor Store

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

Similar Off Market Nearby

  • Western Veterinary Supply — 79 W Orange Ave B, Porterville, CA 93257

FAQs

What type of property is this?
Medical Office Space - Freestanding ±970 SF office building with private parking.
Where is this medical office space located?
The property is located at 221 N G St Porterville, 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: Turn‑key ±970 SF freestanding professional/medical office building.; Private parking lot with ample rear parking and street signage.; Equipped with waiting room/lobby, (3) exam rooms with sinks & counter space, front & back office with refrigerator hookups, & (1) restroom.
Contact an agent
(559) 359-4035 Call to check price and availability
More about this property
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