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    406 E Elm Ave Coalinga, CA 93210
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    Property profile & analytics

    406 E Elm Ave, Coalinga, CA 93210

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    • Office buildings
    • 5,140 SF
    • 1.03 lot acres
    For Sale
    $1,988,888
    View Listing →
    Freestanding Office Building For Sale
    $1,988,888
    3,845 SF

    Freestanding Office Building

    For sale freestanding office building on a 1.03-acre lot in Coalinga, offering a dedicated footprint for professional use.

    406 E Elm Avenue, Coalinga, CA 93210
    View Listing
    Property ID
    US09-0064443
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coalinga DMV / Department Of Motor Vehicles

    Property Details for 406 E Elm Ave

    Year built
    2004
    Construction
    WOOD
    Lot size
    1.03 lot acres
    Property type
    Office buildings
    APN
    072-143-21S
    APU
    07214321S

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2012 — Hall Family 1992 Trust Hall,tom L & Eleane Quit Claim Deed · related —
    Oct 17, 2006 $1,100,000 Tom L Hall Galway Ventures INC Grant Deed —
    Aug 10, 1983 $22,000 West Hills Investment Partnership — Grant Deed · related —

    Description

    This exceptional Class A, 3,264 square foot office building in Coalinga, CA, presents a rare investment opportunity. Located at 406 E Elm Ave, this single-story structure, built in 2004 and extensively renovated in 2023, sits on a 1.3-acre lot. Currently leased to a single tenant under a modified 10-year lease commencing March 1, 2024, and expiring February 28, 2034, offering a strong remaining lease term of 9.3 years. The current annual rent is $13,000 per month, with a built-in 5% annual increase for the first two years and 3% annually thereafter. The tenant is investing $148,670 in improvements (commencing November 2023) to upgrade technology, computers, and HVAC systems. The property boasts a strong net operating income (NOI) of $117,022, resulting in an attractive 5.50% cap rate. The asking price is $2,127,000, translating to $651.65 per square foot. This stabilized investment offers a secure and lucrative return with a long-term, creditworthy tenant. The property's location in Fresno County, CA, zip code 93210, provides easy access to local amenities and transportation. This is a turnkey investment ideal for those seeking a stable, high-return asset with minimal management requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,224,000
      Market price range: $465k - $1.30M
      AI Estimate
      $1,593,000
      Market price range: $661k - $1.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $870,000
      Current use
      COMMERCIAL (GENERAL)
      $1,600,000
      Change: +84% Conversion: Easy
      RESTAURANT
      $1,095,000
      Change: +26% Conversion: Moderate
      MEDICAL BUILDING
      $1,005,000
      Change: +15% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coalinga
    County
    Fresno
    State
    California
    Longitude
    -120.357
    Latitude
    36.1431
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,435
    $270,000
    $330,000
    $600,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,188 SF

      195 Elm Ave

      OFFICE BUILDING
      195 Elm Ave, Coalinga, CA 93210-1921
      View Details
    • Value Estimation by Request
      784 SF

      800 Polk St

      OFFICE BUILDING
      800 Polk St, Coalinga, CA 93210-2323
      View Details
    • Value Estimation by Request
      2,322 SF

      25366 Dorris Ave

      OFFICE BUILDING
      25366 Dorris Ave, Coalinga, CA 93210-9723
      View Details
    • Value Estimation by Request
      489 SF

      390 5th St

      OFFICE BUILDING
      390 5th St, Coalinga, CA 93210-1704
      View Details
    • Value Estimation
      $745,000
      8,678 SF

      192 Elm Ave

      OFFICE BUILDING
      192 Elm Ave, Coalinga, CA 93210-2835
      View Details
    • Value Estimation by Request
      625 SF

      159 Glenn Ave

      OFFICE BUILDING
      159 Glenn Ave, Coalinga, CA 93210-1900
      View Details

    Similar Nearby for Sale

    • $625,995
      3,066 SF

      Office Building for Sale

      For-sale office building offering a compact site and 3,066 square feet of space in Coalinga, CA.
      160 N 5Th St, Coalinga, CA 93210
      View Details
    • $1,988,888
      3,845 SF

      Freestanding Office Building

      For sale freestanding office building on a 1.03-acre lot in Coalinga, offering a dedicated footprint for professional use.
      406 E Elm Ave, Coalinga, CA 93210
      View Details
    • $665,000
      5,124 SF

      Office Building for Sale

      Own a compact office property on N 5th Street, offering a straightforward option for professional or business use in Coalinga.
      270 N 5Th St, Coalinga, CA 93210
      View Details
    • Contact for pricing
      2,160 SF

      Remodeled Office Building For Sale

      Remodeled 2,160 SF building suitable for office or care facility.
      450 N 3Rd St, Coalinga, CA 93210
      View Details
    • Contact for pricing
      2,160 SF

      Remodeled Office Building For Sale

      Remodeled 2,160 SF office building suitable for various uses.
      450 N 3Rd St, Coalinga, CA 93210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Coalinga, CA

      Recently renovated retail space available for lease in Coalinga.
      25 W Polk St, Coalinga, CA 93210
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Coalinga Center

      Retail space available in grocery and drug store anchored center.
      139-203 Polk St, Coalinga, CA 93210
      View Details
    View Listing
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    Coalinga, CA 93210
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    406 E Elm Ave, Coalinga, CA, 93210
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