431 Baseline Rd, Claremont, CA 91711
- Office buildings
- 9,317 SF
- 0.97 lot acres
Current Use by Public Records
- HDR / Architecture Firm / Civil Engineering Company
Property Details for 431 Baseline Rd
- Year built
- 1965
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.97 lot acres
- Zone code
- CLRS13000
- Property type
- Office buildings
- APN
- 8670-010-025
- APU
- 8670010025
Description
This exceptional 9,317 square foot office building in Claremont, CA, presents a lucrative investment opportunity. Located at 431 Baseline Road, this fully leased property boasts a prime location with excellent freeway access via the nearby 210 freeway and prominent Baseline Road frontage. The building offers nine private offices, a spacious bullpen area, and ample parking at a ratio of 4 spaces per 1,000 square feet. Ideal for investors seeking a stable, high-return asset, the property includes valuable amenities such as three ADA-compliant restrooms, a convenient kitchenette, a dedicated conference room, a reception area, and two sizable storage warehouses equipped with roll-up doors. Its strategic location places it within easy reach of the vibrant Claremont Village, the prestigious Claremont Colleges, and the serene Claremont Wilderness Park, offering employees and tenants a desirable work environment and convenient access to amenities. The 0.97-acre lot provides ample space and potential for future expansion or development. The asking price is $3,900,000. This is a rare opportunity to acquire a high-quality, fully leased office building in a sought-after location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,620,000
- 6.5%
- $3,340,000
- 7%
- $3,105,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,871,000
Market price range: $2.23M - $6.90M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,180,000 Current use
- AUTO REPAIR, GARAGE
- $4,310,000 Change: +3% Conversion: Difficult
- MEDICAL BUILDING
- $4,235,000 Change: +1% Conversion: Easy
- RETAIL STORES
- $3,570,000 Change: -15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Claremont
- County
- Los Angeles
- State
- California
- Longitude
- -117.721
- Latitude
- 34.122
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA