10215 Stobaugh StLamont, CA 93241
- Specialty properties
- 9,802 SF
Property Details for 10215 Stobaugh St
- Year built
- 1994
- Construction
- WOOD
- Lot size
- 0.64 AC
- Property size (Sq ft)
- 9,802 SF
- Zone code
- C2 FPS
- Property type
- Specialty properties
- Property subtype
- Day care centers & nurseries
- APN
- 186-052-25-00-7
- APU
- 18605225007
Description
This exceptional investment opportunity presents a single-tenant office building located at 10215 Stobaugh St, Lamont, CA 93241. The property, boasting 9,802 square feet, is currently 100% occupied by the County of Kern, providing essential services to the Lamont community. The lease commenced on March 1st, 2023, and has a remaining term of approximately 3.3 years, expiring February 28th, 2028. The asking price is $1,400,000, representing a compelling price per square foot of $142.83, significantly below replacement cost. The building, constructed in 1994, is a single-story structure situated on a single lot (APN 186-052-25) and features ample parking. The property generates a strong net operating income (NOI) of $83,526, resulting in an attractive 6.00% capitalization rate. Recent interior improvements enhance the building's functionality and appeal. This is a rare opportunity to acquire a stable, income-producing asset in a growing community, offering a secure investment with significant upside potential. The property is classified as a traditional office building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,730,122
- 6.5%
- $2,520,113
- 7%
- $2,340,105
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,143,540
- Geo Method
- $2,143,540
-
Alternative Use
- Use
- Valuation
- Residential
- $3,196,870
- Hospitality
- $2,928,315
- Educational
- $2,436,324
- Medical
- $2,520,113
- Retail
- $3,789,837
Location Insight
- City
- Lamont
- County
- Kern
- State
- California
- Latitude
- 35.2629
- Longitude
- -118.915
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].