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Freestanding Office Building Investment Opportunity
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75 W Olive Ave, Woodville, CA 93257

Value-add office investment with income upside in an under-built market.

Space Size2,000 SF - 6,500 SF
Property Size13,000 SF
Lot Size0.69 Acres
Days on Market2371

Property Features for 75 W Olive Ave

General Information

Standard status Active
Size 2,000 SF - 6,500 SF
Class B
Lot size 0.69 Acres
Property subtype Retail
Lease Type Modified Gross

Building Details

Building Size 13,000 SF
Tenancy Multiple

Spaces For Lease

at 75 W Olive Ave Contact us

65-B W Olive Ave

Size
6,500 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us

75-A W Olive Ave

Size
2,000 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us

75-B W Olive Ave

Size
2,755 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: C21 Commercial
Listed By: Jared Ennis · License #CA
Source: Crexi
Added: Mar 3, 2020 Changed: Aug 13 Last Checked: Aug 28 at 11:54PM

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 freestanding building offers an office investment opportunity with potential for increased value. The property totals approximately 13,000 square feet and is situated on three parcels, encompassing approximately 0.692 acres (approximately 30,144 square feet). It is suitable for general, professional, and medical office uses. The building features seven economical, separate spaces currently leased to long-term tenants on Gross lease forms, generating an actual annual income of $113,608. There is a value-add opportunity through leasing three vacant spaces (822, 1462, and 2401 square feet), addressing under-market rents for two month-to-month tenants, extending lease lengths, and implementing customary pass-through expenses for water, sewer, trash, and gardening. Configurations range from approximately 822 to 6,879 square feet, with the ability to combine spaces via existing connecting doors. The office spaces feature new paint, hard-surface VCT flooring, LED lighting, newer HVAC units, a quality roof, 6-inch tall baseboards, and new doors, hinges, and hardware. The building provides access to high-speed internet, separate meters, private ADA restrooms, private entrances with secured entry, and outdoor LED lighting. Demising walls allow for flexible space configurations. The property includes a full exterior lit private parking area with 47 spaces, plus street parking. It offers existing signage, visibility, and access to CA-65 ramps.

Key Highlights

  • Significant value‑add opportunity to increase gross annual income to a stabilized $197,428 within 6‑12 months.
  • High potential return with an 11.12% proforma CAP rate and a 17.35% cash‑on‑cash return after stabilization.
  • Freestanding building with ±13,000 SF of office space on ±0.692 AC, ideal for general, professional, or medical use.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Building Supply Veterinary Clinic Home Appliance Store Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Value-add office investment with income upside in an under-built market.
Where is this office units located?
The property is located at 75 W Olive Ave Woodville, CA.
What is the lease rate?
The lease rate is $8.40 SF/Yr.
What are key features of this property?
This property features: Significant value‑add opportunity to increase gross annual income to a stabilized $197,428 within 6‑12 months.; High potential return with an 11.12% proforma CAP rate and a 17.35% cash‑on‑cash return after stabilization.; Freestanding building with ±13,000 SF of office space on ±0.692 AC, ideal for general, professional, or medical use.
(559) 359-4035 Call to check price and availability
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