880 E Merritt Ave Tulare, CA 93274
Property profile & analytics
880 E Merritt Ave Tulare, CA 93274
- Office buildings
- 12,088 SF
- 0.88 lot acres
Property ID
US09-5761178
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.
Location Intelligence
Current Use by Public Records
- Internal Medicine & Laser Center / Physician
- Fabella Inez G MD / Physician
- Emmanuel T Fabella MD. Physician in Tulare, CA / Physician
- izzi medical associates / Physician
- Paul Bonds / Ophthalmologist
Property Details for 880 E Merritt Ave
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.88 lot acres
- Property size
- 12,088 SF
- Property type
- Office buildings
- APN
- 170-380-006-000
- APU
- 170380006000
Description
This exceptional 3,492 square foot commercial property, situated on a generous 38,212 square foot lot at 880 E Merritt Avenue in Tulare, CA, presents a fantastic opportunity for a variety of businesses. Currently configured as a medical or general office space, the layout is highly adaptable and offers significant potential. The existing setup includes a welcoming waiting area, a dedicated reception area, a private office ideal for consultations or administrative tasks, and a well-equipped exam/office space. Two bathrooms and a convenient utility room add to the functionality. The property boasts ample parking, a significant advantage for both staff and clients. Its strategic location near the local hospital, other medical facilities, and the readily accessible Highway 99 ensures high visibility and convenient access for patients and employees alike. The open floor plan allows for flexible configuration to suit diverse business needs, making this a truly versatile commercial space. The property's size and location make it an ideal investment for those seeking a well-established and easily accessible location in a thriving community. The expansive lot provides ample room for future expansion or additional parking, further enhancing its value and appeal. This property is ready for immediate occupancy and offers a unique opportunity to establish or expand a successful business in a prime Tulare location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,680,000
- 6.5%
- $2,475,000
- 7%
- $2,300,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,886,000
- AI Estimate
- $1,603,000
Market price range: $1.04M - $1.93MMarket price range: $756k - $1.86M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,560,000 Current use
- COMMERCIAL (GENERAL)
- $2,945,000 Change: +89% Conversion: Easy
- MEDICAL BUILDING
- $2,440,000 Change: +56% Conversion: Easy
- RETAIL STORES
- $1,725,000 Change: +11% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $1,645,000 Change: +5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,410,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Tulare
- County
- Tulare
- State
- California
- Longitude
- -119.334
- Latitude
- 36.2223
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, 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
2024
$23,516
$519,303
$1,598,908
$2,118,211
-
$0.00
$0.00
$0.00
