9236 California City Blvd California City, CA 93505
- Office buildings
- 1,328 SF
- 0.22 lot acres
Current Use by Public Records
- Office buildings
Property Details for 9236 California City Blvd
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 1,328 SF
- Zone code
- C3
- Property type
- Office buildings
- APN
- 205-071-05-00-6
- APU
- 20507105006
Description
This exceptional investment opportunity presents a 1,753-square-foot freestanding medical office building in California City, CA. Currently 100% leased to Hall Ambulance, a highly creditworthy and pandemic-proof tenant, under a triple-net (NNN) lease, this property offers significant advantages for investors. The building boasts a strong 20+ year operating history at this location, with the tenant responsible for all expenses and property taxes, minimizing landlord responsibilities. The current annual gross income is $17,160, generating a 6.13% cap rate. Hall Ambulance recently extended their lease, demonstrating their long-term commitment to the site. The property sits on a 0.22-acre lot and features ample private parking with California City Blvd frontage. The building itself is well-maintained and includes multiple private rooms, a kitchen and dining area, and private restrooms. Located in a strategic trade area with approximately 111,679 residents within a 5-mile radius, this property offers a stable income stream with potential upside through future lease increases or owner-occupancy. The property's Commercial Office zoning provides flexibility for future uses. The asking price is $280,000, representing a compelling price per square foot of $159.73. This is a turnkey investment opportunity with a proven track record and a strong tenant. The APN is 205-071-05.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $255,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $245,000
- Mixed-Use
- $260,000
- Hospitality
- $275,000
- Educational
- $230,000
- Residential Income
- $225,000
- Energy
- $295,000
- Income-Based Land
- $285,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- California City
- County
- Kern
- State
- California
- Longitude
- -117.963
- Latitude
- 35.1255
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
