Downtown Mixed-Use Corner
101 W Main St Visalia, CA 93291
For Sale
$3,000,000
Historic 1920 mixed-use building with 20 units and fully occupied ground-floor retail at Main and Court.
Property Size14,244 SF
Price / SF$210.61
Days on Market36
Property Features for 101 W Main St
General Information
Standard status
Active
Size
14,244 SF
Listing Agency:
AXEN Realty
(951) 453-9683
Listed By:
Josh Ormonde
(951) 453-9683
Source:
Exprealty
Added: Jun 24
Changed: Jul 26
Last Checked: Jul 26 at 3:00PM
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 AXEN Realty
Investment Insights
Based on property information with market context.
Built in 1920, this downtown mixed-use corner building offers a total of 20 units, including fully occupied ground-floor retail and an adaptable second-floor studio layout. The ground floor includes five leased retail units, while the upper level provides 15 studio suites with eight currently vacant.
The property is positioned at the high-traffic Main & Main intersection of Main and Court Street in Visalia, and it includes 15 dedicated, private on-site parking spaces. Multiple long-term local retail tenants anchor the ground floor.
With in-place retail occupancy and second-floor flexibility, the building supports straightforward value creation through lease-up of the currently vacant studio suites and potential adjustments to how operating expenses are structured under existing lease terms.
The property is positioned at the high-traffic Main & Main intersection of Main and Court Street in Visalia, and it includes 15 dedicated, private on-site parking spaces. Multiple long-term local retail tenants anchor the ground floor.
With in-place retail occupancy and second-floor flexibility, the building supports straightforward value creation through lease-up of the currently vacant studio suites and potential adjustments to how operating expenses are structured under existing lease terms.
Key Highlights
- Historic 1920 mixed‑use building at Main & Court in Downtown Visalia.
- 20‑unit property: 100% occupied ground‑floor retail with 5 leased retail units.
- 15 second‑floor studio suites with 8 vacant for potential lease‑up.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $307.7k | $21.60 |
| − Vacancy | −$17.2k | −$1.21 |
| EGI | $290.4k | $20.39 |
| − OpEx | −$87.1k | −$6.12 |
| NOI | $203.3k | $14.27 |
14,244 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.90M
$2.54M – $3.39M
NOI $203,309 @ 7.0% cap · market cap 6.78%
Second Best
Mixed Use
$2.15M
$1.88M – $2.51M
NOI $150,417 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $273,143 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Historic 1920 mixed-use building with 20 units and fully occupied ground-floor retail at Main and Court.
Where is this apartment building located?
The property is located at 101 W Main St Visalia, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Historic 1920 mixed‑use building at Main & Court in Downtown Visalia.; 20‑unit property: 100% occupied ground‑floor retail with 5 leased retail units.; 15 second‑floor studio suites with 8 vacant for potential lease‑up.
