840 Fairmont AveLodi, CA 95240
- Healthcare properties
- 5,515 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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