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Property profile & analytics
OFF-MARKET Estimated value $255,000
Office buildings

287 Hermosa St Lindsay, CA 93247-2012

2,878 SF 0.26 ac lot Built 1947
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US09-5909263
Property summary
AI-generated overview

This ±2,878 square foot freestanding office building is situated on a ±0.258-acre lot in Lindsay, California, at 287 E Hermosa St, 93247. The property boasts excellent street frontage and visibility, offering ample parking with five on-site stalls and additional street parking. Previously used as an accountant's office, the interior features a versatile open layout including a lobby, reception area, numerous large private offices, a breakroom, storage closet, and two restrooms. The building is well-maintained and offers significant potential for customization to suit a variety of needs. The property is conveniently located between CA-65 and CA-137, serving a population of approximately 174,644 residents within a 10-mile radius. The building is equipped with Ethernet/phone cabling throughout and is wireless internet ready. This presents an exceptional opportunity for owner-user occupancy or leasing, with potential for leasing out a portion of the space. The property is a strong candidate for an SBA loan. With a down payment of $36,000, the monthly payment is less than the cost of leasing comparable space. The building's prominent location and ample parking ensure a strong presence and excellent visibility within the community. The surrounding area features quality tenants, further enhancing the property's desirability.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1947
Construction TILT-UP CONCRETE
Total area 2,878 SF
Lot 0.26 ac (11,250 SF)
Zoning code CC
APN 205-253-007-000
UPID US09-5909263
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
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k
Owner & transaction history
Keith M Sprague · 20 yrs held
Keith M Sprague
since 2005
2 recorded transactions
2005
$147,500
1969
Price N/A
Zoning & alternative use
CC · Lindsay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

18.10.030 CC Central Commercial District 18.10.040 CS Service Commercial District 18.10.050 CH Highway Commercial District 18.10.060 C Required Conditions 18.10.070 C Property Development Standards 18.10.080 C Project Review Requirements 18.10.090 C General Provisions And Exceptions 18.10.010 Purposes And Application The several classes of commercial distric…

Zone name Central Commercial
General category CIVIC_INSTITUTIONAL
Zone area 49.44 ac
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