Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Leland Ave & Paseo Del Lago Tulare, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner commercial lot in a professional center, Tulare, California.

    Type:LAND
    Lot size:
    0.84 Acres
    Added:
    Jun 27, 2024
    Days on Market:
    679
    Last Refresh:
    Apr 5 at 11:18 pm

    Property Features for Leland Ave & Paseo Del Lago

    General Information

    Standard status
    Active
    Lot size
    0.84 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Matthew 'Matt' Graham

    Listing agent Matthew 'Matt' Graham

    Listing office Graham & Associates

    Listing date Jun 27, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Graham & Associates

    Overview

    Corner Commercial Lot For Sale

    This corner commercial lot is available for sale in the Del Lago Professional Center, situated at the corner of Leland Avenue and Paseo Del Lago, just off Hillman Street in Tulare, California. The office complex is partially developed, and this is one of the last remaining open lots. The property is located near multiple shopping centers, including the Tulare Outlet Mall and Plaza Del Lago. Located on the north side of Tulare, it provides convenient access to Visalia via Hillman Street and Demaree Street.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tulare
    County
    Tulare
    State
    California
    Longitude
    -119.33
    Latitude
    36.2298

    Nearby Similar for Sale

    • $350,000

      1.73-Acre Lot in High-Growth Area

      1.73-acre lot suitable for multi-family or retail development.
      0 W Inyo Avenue, Tulare, CA 93274
      View Details
    • $399,000
      5,075 SF

      Tulare Commercial Building For Sale

      Freestanding commercial building with retail and warehouse space in Tulare.
      460 S K Street, Tulare, CA 93274
      View Details
    • $3,200,000
      10,000 SF

      Tulare Commercial Property for Sale

      10,000 sqft warehouse/industrial property on 4.36 acres.
      3550 S K Street, Tulare, CA 93274
      View Details
    • $400,000

      Approved Multifamily Development Opportunity

      Approved 5-unit multifamily development opportunity in Tulare, CA.
      421 S Laspina Street, Tulare, CA 93274
      View Details
    • $1,267,500

      Land Near Highway 99

      5+ acre land parcel with development potential near Highway 99.
      Ave 264 / Ca-99, Tulare, CA 93274
      View Details
    • $740,000

      Prime Retail Lot on Highway

      Retail lot with highway frontage and utilities at site.
      1719 Retherford St, Tulare, CA
      View Details
    • $3,840,000
      14,490 SF

      Single-Tenant Retail Investment Opportunity

      Retail property leased to State Foods Supermarkets with long-term stability.
      49 W Tulare Ave, Tulare, CA
      View Details
    • $60,000

      Tulare Acre Land Lot

      One acre land lot, perfect for building a dream home.
      0 Road 80, Tulare, CA 93274
      View Details
    • Contact for pricing
      26,000 SF

      Food Processing Plant For Sale

      26,000 SF food processing plant with extensive infrastructure.
      4002 South K Street, Tulare, CA, 93274
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space at Signalized Intersection

      Retail space available at a busy, signalized intersection.
      2066 E Prosperity Ave, Tulare, CA
      View Details
    • $2,030,765
      5,897 SF

      Veterinary Hospital Investment Opportunity

      Veterinary hospital for sale with below-market rent and annual increases.
      861 N Blackstone St, Tulare, CA 93274
      View Details
    • Contact for pricing
      5,600 SF

      Shop Building with Tower ForSale

      Shop building with two tenants plus tower available for sale.
      163 S Spruce St, Tulare, CA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner commercial lot in a professional center, Tulare, California.
    Where is this commercial land located?
    The property is located at Leland Ave & Paseo Del Lago Tulare, CA.
    What is the asking price?
    The asking price for this property is $554,430.
    What are key features of this property?
    This property features: Corner lot in Del Lago Professional Center; Located off Hillman Street in Tulare; One of the last remaining open lots in the office complex
    (559) 754-3020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew 'Matt' Graham
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Leland Ave & Paseo Del Lago, Tulare, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!