10953 14Th AveArmona, CA 93202

  • Sports & entertainment properties
  • 2,998 SF
For Sale
$690,000 View listing

Property Details for 10953 14Th Ave

Year built
1953
Construction
TYPE NOT SPECIFIED
Lot size
0.48 AC
Property size (Sq ft)
2,998 SF
Zone code
CC
Property type
Sports & entertainment properties
Property subtype
Other sports & entertainment properties
APN
017-080-001-000
APU
17080001000

Description

This exceptional investment opportunity presents a single-story, 2,998 square foot free-standing office building located at 10953 14th Ave, Armona, CA 93202. The property sits on a 0.48-acre lot and boasts 25 parking spaces. Currently leased under a gross lease with a single tenant at 100% occupancy, this building offers a strong 7.10% capitalization rate with a Net Operating Income (NOI) of $49,000. The asking price is $690,000, translating to $230.15 per square foot. A new 3.5-year lease is in place, and the tenant is planning significant upgrades to the property. The property includes rent bumps, and lease options are available. This is a prime investment opportunity in the heart of Armona, Kings County, California. The APN is 017-080-001. This is a for-sale-by-owner listing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $486,479
    Hospitality
    $445,612
    Educational
    $370,744
    Medical
    $383,495
    Retail
    $576,713
10953 14Th Ave, Armona, California

Location Insight

City
Armona
County
Kings
State
California
Latitude
36.3144
Longitude
-119.709
CBSA code
25260
CBSA name
HANFORD-CORCORAN, 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
$5,120
$100,952
$363,550
$464,502
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