Freestanding Medical Office
For Sale
Contact for pricing
221 N G St, Porterville, CA 93257
Freestanding ±970 SF office building with private parking.
Property Size950 SF
Lot Size0.10 Acres
Price / SF$342.11
Days on Market740
Property Features for 221 N G St
General Information
Standard status
Active
Size
950 SF
Class
A
Lot size
0.10 Acres
Property subtype
Office
Zoning
PO - Professional Office
Lease Type
Modified Gross
Building Details
Year Built
1986
Stories
1
Tenancy
Single
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Aug 21, 2024
Changed: Aug 14
Last Checked: Aug 26 at 2:03AM
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.
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
$13,469
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
4.14%
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%
$269,380
$269.4K
Cap Rate 7%
$192,414
$192.4K
Cap Rate 9%
$149,656
$149.7K
Market Conditions
NOI Build-Up for 950 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
$25.4K $26.76/SF
− Vacancy
−$3.0K −$3.13/SF
EGI
$22.4K $23.63/SF
− OpEx
−$9.0K −$9.45/SF
NOI
$13.5K $14.18/SF
Area
Tulare County, CA
Vacancy
11.70%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
40.00%
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%
$269,380
Cap Rate 7%
$192,414
Cap Rate 9%
$149,656
Alternative Uses
Best Use
Healthcare Medical
$192.4K
$168.4K – $224.5K
NOI $13,469 @ 7.0% cap · market cap 4.14%
Second Best
Office B
$169.3K
$148.1K – $197.5K
NOI $11,851 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93257, CA
79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Western Veterinary Supply — 79 W Orange Ave B, Porterville, CA 93257
- Henderson Veterinary Hospital — 238 W Henderson Ave, Porterville, CA 93257
Frequently Asked Questions
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.
