Property profile

1168 Leland Ave Tulare, CA 93274

OFF-MARKET
Office buildings
Property ID
US09-5779688
5,000 SF 0.43 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5,067-square-foot Class A medical office building, constructed in 2008, is ideally situated in the Del Lago Professional Center of Tulare, CA. The property is currently vacant and available for immediate occupancy. The space boasts a complete build-out, perfectly suited for a medical practice. Features include a welcoming reception area, spacious waiting room, fifteen fully equipped exam rooms each with sinks, five restrooms, two private offices, a dedicated nurses' station, a secure records room, a convenient break room, and a well-appointed IT room/data closet. Detailed floor plans are available upon request. This prime East Tulare location offers easy access to desirable residential neighborhoods, major shopping centers, and Highway 99. The building's strategic location makes it a strong candidate for a Federally Qualified Health Center (FQHC), given the high Health Professional Shortage Area (HPSA) scores: Mental Health 16 and Primary Care 17. Lease rate and terms are negotiable. Inquire for further details and to schedule a viewing.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2008
Construction WOOD
Total area 5,000 SF
Lot 0.43 ac (18,730 SF)
Zoning code C-2
APN 149-130-048-000
UPID US09-5779688

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Business Broker
  • Business Broker

Location

1168 Leland Ave Tulare, CA 93274-7811
Tulare metro Census 2401 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$797k
Blend (final) Blend
$1.08M

Owner & transaction history

since 2022
Last sale
$1.5M
3 recorded transactions
2022
$1.5M
2011
Price N/A
2009
$1.2M

Zoning & alternative use

C-2 · Tulare, CA
Zoning description

The purpose of the C-2 zone is to provide areas for professional and non-retail commercial offices and businesses in close relationship with one another

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.2M +89.0%
Medical building $1.0M +56.4%
Retail stores $715,000 +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1168 Leland Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message