Corner-Lot Retail
For Sale
$629,500
210 N Floral Street, Visalia, CA 93291
COMMERCIAL - Visalia, CA
Property Size3,827 SF
Lot Size0.19 Acres
Price / SF$164.49
Days on Market71
Property Features for 210 N Floral Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1
Lot features
Corner Lot
Directions
W Main St, N Floral St
Subdivision
Visalia NW
Standard status
Active
APN
094337001000
Size
3,827 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Tile
Listing Agency:
Century 21 Select Real Estate · Century 21 Real Estate
(559) 733-9696
Listed By:
Mitch Choboian · License #00801984
(559) 686-8595
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 13 at 12:06PM
MLS# 242125
Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot retail building offers six fully occupied units with long-term tenants. The property is in good overall condition and has been well maintained, with central heating and central air conditioning, a tile roof, and public water and public sewer. Tenants are responsible for their own gas and electricity.
Located at 210 N Floral Street in Downtown Visalia (Tulare County), the property sits on a 0.19-acre lot with a total building size of 3,827 square feet.
One unit is currently undergoing renovations, which may support future rent growth as improvements are completed.
Located at 210 N Floral Street in Downtown Visalia (Tulare County), the property sits on a 0.19-acre lot with a total building size of 3,827 square feet.
One unit is currently undergoing renovations, which may support future rent growth as improvements are completed.
Key Highlights
- Six fully occupied retail units with long‑term tenants
- Tenants pay their own gas and electricity
- 0.19‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,092,480
$1.1M
Cap Rate 7%
$780,343
$780.3K
Cap Rate 9%
$606,933
$606.9K
Market Conditions
NOI Build-Up for 3,827 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.7K $21.60/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$78.0K $20.39/SF
− OpEx
−$23.4K −$6.12/SF
NOI
$54.6K $14.27/SF
Area
Visalia, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,092,480
Cap Rate 7%
$780,343
Cap Rate 9%
$606,933
Alternative Uses
Best Use
Retail
$780.3K
$682.8K – $910.4K
NOI $54,624 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.3K – $1.22M
NOI $73,387 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,309
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 21%
Leisure 17%
Groceries 15%
Regal Cinemas Visalia 10
Leisure
27,649 visits/mo
0.4 miles
Smart & Final
Groceries
24,826 visits/mo
0.2 miles
Wells Fargo
Shops & Services
23,152 visits/mo
0.2 miles
Bank of America
Shops & Services
20,871 visits/mo
0.3 miles
Chase Bank
Shops & Services
18,433 visits/mo
0.3 miles
Demographics for 93291, CA
63,366
Population
19,866
Households
3.2
Avg Household Size
32
Median Age
24%
College-Educated
81%
High-School Grad
84.2 sq mi
ZIP Area
753
Density / Sq Mi
$81,502
Median Household Income
$41,778
Median Earnings
$1,331
Median Rent
$381,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Six fully occupied retail units on a corner lot in Downtown Visalia; central HVAC; tenants pay gas and electricity.
Where is this retail space located?
The property is located at 210 N Floral Street Visalia, CA.
What is the asking price?
The asking price for this property is $629,500.
What are key features of this property?
This property features: Six fully occupied retail units with long‑term tenants; Tenants pay their own gas and electricity; 0.19‑acre corner lot
