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2531 Howard Rd Madera, CA 93637-5040

Commercial real estate Google Maps
0.72 ac lot Built 1956
Entity Owned 15-yr Hold ~ Est. High Equity
Estimated value (blended)
$240k
Range $216k – $264k (±10%)
Property ID US09-3389749

Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,400 square foot commercial building situated on a prominent corner lot at the intersection of Howard Road and Granada in Madera, California. The property encompasses a thriving Class B medical office and an adjacent shell building, ready for immediate tenant occupancy or customized development. This presents a unique dual-income potential, allowing for immediate cash flow from the existing medical office while simultaneously offering the chance to increase revenue through leasing or developing the vacant shell space. The 0.73-acre lot provides ample parking for both tenants and visitors, a significant advantage in a busy commercial area. The strategic location offers easy access to a variety of amenities, enhancing its appeal to both tenants and investors. The property's composition includes three separate parcels, providing flexibility and potential for future expansion or subdivision. The asking price of $1,100,000 represents a compelling value for this well-positioned, multi-use commercial property in a growing Madera market. This is an ideal opportunity for investors seeking a blend of immediate return and long-term growth potential. The existing medical office is established and operational, minimizing the risk associated with new developments. The adjacent shell building offers a blank canvas for a variety of uses, catering to a wide range of potential tenants. Don't miss this chance to acquire a versatile and profitable commercial property in a desirable Madera location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1956
Construction WOOD FRAME
Lot 0.72 ac (31,363 SF)
APN 009-340-043-000
UPID US09-3389749

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
  • Dental Office
  • Dental Office
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2011
5 recorded transactions
2011
$615,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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