840 Fairmont AveLodi, CA 95240

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

Medical offices

Property subtype

Medical centers

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.

• 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

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