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Property profile & analytics
OFF-MARKET
Office buildings

231 Mirage Ave Lindsay, CA 93247-2543

0.25 ac lot
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US10-1751462
Property summary
AI-generated overview

This ±3,000 square foot medical office building in Lindsay, CA, presents a compelling investment opportunity. Located at 231 S Mirage Ave, this freestanding building sits on a 0.25-acre lot and boasts excellent street frontage and visibility. The property features two suites: a larger suite of approximately 2,000 square feet currently operating as a dental office, and a smaller suite of approximately 1,000 square feet. The larger suite includes an open layout with a reception area, three operatory rooms, two business offices, a kitchen area, three restrooms, and multiple storage closets. The smaller suite offers an open layout with a reception area, private offices, a small kitchen area, and restrooms. Both suites are currently occupied. The building also includes a private garage and a fenced rear parking lot with two shaded structures, providing ample parking for tenants and staff. The property is zoned PO - Professional Office and is in well-maintained condition, offering flexibility for future tenants or owner-occupancy. The building benefits from Ethernet/phone cabling throughout and is wireless internet ready. The asking price is $330,000, representing $110 per square foot. Seller financing options are available with a 25% down payment. The property's location is convenient, situated between CA-65 and CA-137 highways, serving a population of approximately 96,764 residents within a 10-mile radius. This property offers significant upside potential through leasing or owner-user occupancy. The APN is 205-235-004.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Lot 0.25 ac (11,074 SF)
APN 205-235-004-000
UPID US10-1751462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Erick Madrigal · 1 yrs held
Erick Madrigal
since 2024
Last sale
$335,000
6 recorded transactions
2024
$335,000
2024
Price N/A
1998
$60,000
1992
$55,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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