117 R StMadera, CA 93637

Property Details for 117 R St

Year built

2006

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

8,680 SF

Property type

Office properties

Property subtype

Office buildings

APN

010-062-016-000

APU

10062016000

Description

This exceptional investment opportunity presents a single-tenant, Class B office building located at 117 N R St, Madera, CA 93637. The property boasts 8,690 square feet of net rentable space situated on a 27,007 square foot lot (APN: 010-062-016-000). Built in 2006, this building currently enjoys 100% occupancy with a long-term tenant, a Madera County government agency, providing stable and reliable income. The asking price is $2,649,000, representing a price per square foot of $304.83 and a 6.85% cap rate. Recent upgrades include a brand new foam roof, enhancing energy efficiency and reducing long-term maintenance costs. The property's prime location offers convenient access to major highways, public transportation, and local amenities. This is a rare chance to acquire a well-maintained, fully occupied office building with a strong, dependable tenant in a desirable location. The building is a single structure and features a modified lease type.

• CAP approach

  CAP return

  Valuation

  6%

  $1,905,132

  6.5%

  $1,758,583

  7%

  $1,632,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,276,322

  Geo Method

  $2,420,939

• Alternative Use

  Use

  Valuation

  Residential

  $2,180,643

  Hospitality

  $1,997,457

  Educational

  $1,661,861

  Medical

  $1,719,015

  Retail

  $2,585,117

Location Insight

City

Madera

County

Madera

State

California

Latitude

36.9536

Longitude

-120.074

CBSA code

31460

CBSA name

MADERA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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