840 Fairmont AveLodi, CA 95240

  • Healthcare properties
  • 5,515 SF
For Lease
$18.48/SF/YR View listing

Property Details for 840 Fairmont Ave

Year built
1974
Lot size
0.86 AC
Property size (Sq ft)
5,515 SF
Zone code
40
Property type
Healthcare properties
Property subtype
Medical offices
APN
033-080-450-000
APU
33080450000

Description

This single-tenant medical office building, located at 840 S Fairmont Ave in Lodi, California, 95240, presents a unique investment opportunity. Built in 1974, the property boasts a total of 3,209 square feet across a single story. The building comprises six suites, with one currently available for lease. The convenient location offers excellent visibility and accessibility, situated near a hospital and featuring ample parking. The property's square footage is approximate, based on original building plans. Potential lease incentives are available for tenant improvements, making this an attractive option for medical professionals seeking a well-located, established space. The building offers a single-tenant occupancy, providing stability and ease of management. Interested parties should note that the square footage is approximate, based on original plans. Negotiable move-in specials may be available. This property is ideal for a medical practice seeking a turnkey solution in a high-demand area. The building's single-story design ensures easy navigation and accessibility for patients and staff. The proximity to a hospital further enhances its appeal and potential for success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $927,780
    6.5%
    $856,412
    7%
    $795,240
  • Comparable approach

    Method
    Valuation
    Relative Method
    $787,432
    Geo Method
    $787,432
  • Alternative Use

    Use
    Valuation
    Residential
    $1,061,952
    Hospitality
    $972,742
    Educational
    $809,310
    Medical
    $837,143
    Retail
    $1,258,926
840 Fairmont Ave, Lodi, California

Location Insight

City
Lodi
County
San Joaquin
State
California
Latitude
38.123
Longitude
-121.285
CBSA code
44700
CBSA name
STOCKTON, 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
$15,543
$135,880
$1,299,118
$1,434,998
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