11401 Heacock StMoreno Valley, CA 92557

Property Details for 11401 Heacock St

Year built

1988

Construction

WOOD

Lot size

3.15 AC

Property size (Sq ft)

6,572 SF

Zone code

RA

Property type

Healthcare properties

Property subtype

Medical offices

APN

264-060-009

APU

264060009

Description

This exceptional 30,243 square foot medical office building presents a compelling investment opportunity in Moreno Valley, California. Boasting a strong 7.39% cap rate and a substantial net operating income (NOI) of $343,578, this property offers significant returns. Constructed in 1988, the building is situated on a highly visible 660+ foot frontage along Heacock Street, providing excellent signage opportunities for attracting patients and maximizing brand awareness. The property features ample parking to accommodate both staff and visitors, ensuring convenience and accessibility. The tranquil landscaping contributes to a peaceful and welcoming atmosphere for patients and staff alike. The building's location within Moreno Valley benefits from a growing market experiencing expansion in healthcare, logistics, and retail sectors, promising continued strong performance and potential for future appreciation. The property's Assesor's Parcel Number (APN) is 264-060-009. The asking price is $4,650,000. All 30,243 square feet are net rentable. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a thriving market. The property's prime location and strong financial performance make it an ideal investment for discerning buyers seeking stable income and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,806,251

  6.5%

  $1,667,309

  7%

  $1,548,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,152,877

  Geo Method

  $2,313,147

• Alternative Use

  Use

  Valuation

  Residential

  $2,067,463

  Hospitality

  $1,893,785

  Educational

  $1,575,607

  Medical

  $1,629,794

  Retail

  $2,450,944

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9548

Longitude

-117.244

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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