840 Almond Ave, Madera, CA 93637-5603
This exceptional 2,720 square foot medical office building presents a unique investment opportunity in Madera, CA. Located at 840 E Almond Ave, 93637, this single-story, 1988-built property boasts a highly visible location near Freeway 99 and Madera Community Hospital. The building sits on a 6,098 square foot lot and is zoned PO. Previously utilized as a medical practice, the space features three doctors' offices and six exam rooms, each equipped with sinks, making it ideally suited for continued medical use or adaptable for other professional office needs. The building's prominent location ensures high traffic and visibility, offering significant potential for a thriving business. The asking price is $299,000. The property's APN is 012-280-006. This is a turnkey opportunity for an investor seeking a well-maintained, established property in a desirable location. The building's history as a successful medical practice provides a strong foundation for future success. The property's convenient access to major transportation routes and proximity to a major hospital further enhances its appeal. This is a rare chance to acquire a valuable asset in a growing community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.