10953 14Th AveArmona, CA 93202
- Sports & entertainment properties
- 2,998 SF
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
- 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
-
CAP approach
- CAP return
- Valuation
- 6%
- $217,162
- 6.5%
- $200,458
- 7%
- $186,139
-
Comparable approach
- Method
- Valuation
- Relative Method
- $302,560
- Geo Method
- $635,491
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,006,640
- Retail / Commercial
- $490,504
- Mixed-Use / Specialty
- $468,506
- Hospitality / Lodging
- $317,364
- Office
- $444,631
- Institutional / Educational
- $479,820
- Residential Income
- $561,390
- Multifamily
- $785,559
- Automotive / Energy
- $411,274
- Parking / Income-Based Land
- $161,932
- Restaurant / Food Service
- $200,458
- Healthcare / Senior Housing
- $501,209
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
Comparable in this City
FAQs
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