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    32588 Ca-190 Springville, CA 93265

    For Sale
    $2,258,128

    High-Yield CA Office Investment

    Property size:
    8,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, 8,704 square foot Class B creative office building in Springville, CA. Situated on a 4.24-acre lot (APN 284-890-005), this property boasts a 100% occupancy rate with a government-guaranteed lease extending to October 31, 2027. The building, originally constructed in 1971 and extensively renovated in 2012, serves as a US Forest Service and Fire Jumper Division ranger station, strategically located within the 319,491-acre Western Divide Ranger District of Sequoia National Forest. The current net lease, with limited landlord responsibilities, generates a NOI of $166,700, representing a 7.38% cap rate and a pro-forma cap rate of 8.00%. The property's pro-forma NOI is projected at $180,720. The asking price is $2,258,128, translating to $259.44 per square foot. Zoned PD-F-M (Planned Development-Foothill), the property includes additional buildable land, presenting significant future expansion potential. This investment offers a secure, high-yield return with substantial upside potential upon lease renewal, given the current below-market rent of $27.17 per square foot annually. The property's prime location within a high-traffic area near Sequoia National Forest and Kings Canyon National Parks, coupled with the strong government tenant and long-term lease, makes this a compelling investment opportunity.

    Property Features for 32588 Ca-190

    General Information

    Property type
    Office space
    Square Feet
    8,704 SF
    Class
    B
    Lot Size
    184,694 SF

    Building Details

    Year Built/Renovated
    1971/2012

    HighLights

    • Modified‑net lease with limited landlord responsibilities.
    • Government tenant; 13+ years occupancy; 2‑acre expansion land available.
    • 2012 renovation and expansion; additional expansion land.
    • US Forest Service ranger station; significant rental upside at lease renewal.
    • Serves US Forest Service and Fire Jumper Divisions.
    • Currently in the third of five five‑year lease renewal periods, expiring 10/31/2027.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Springville
    County
    Tulare
    State
    California
    Longitude
    -118.8464353
    Latitude
    36.1017007

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      Freestanding US Ranger Station For Sale

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    FAQs

    What type of property is this?
    Office space - High-Yield CA Office Investment
    Where is this office space located?
    The property is located at 32588 Ca-190 Springville, CA.
    What is the asking price?
    The asking price for this property is $2,258,128.
    What are key features of this property?
    This property features: Modified-net lease with limited landlord responsibilities.; Government tenant; 13+ years occupancy; 2-acre expansion land available.; 2012 renovation and expansion; additional expansion land.
    Request Owner's contact information
    32588 Ca-190 Springville, CA 93265
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    Springville, CA 93265
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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
    32588 Ca-190 Springville, CA 93265
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