R3-Zoned Apartment
For Sale
Contact for pricing
1016-1020 N Leslie Street, Visalia, CA 93291
Apartment property offering substantial residential scale in Visalia’s established Central Valley setting.
Property Size26,580 SF
Price / SF$157.83
Days on Market73
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Property Features for 1016-1020 N Leslie Street
General Information
Standard status
Active
Size
26,580 SF
Property subtype
Multifamily
Zoning
R3
Net Operating Income
$247,050
Building Details
Year Built
1987
Year Renovated
2023
Buildings
9
Stories
2
Units
21
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Robin Kane · License ##00583537
(952) 356-0100
Source:
Crexi
Added: Aug 4
Changed: Oct 10
Last Checked: Oct 14 at 9:04PM
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 Northmarq
Investment Insights
Based on property information with market context.
This apartment property at 1016-1020 N. Leslie Street in Visalia, California, contains 26,580 square feet and was built in 1987. The site carries R3 zoning, supporting its classification within the apartment-building category.
Visalia functions as a commercial, healthcare, educational, and governmental center for Tulare County. Local employment and institutional resources identified in the surrounding area include Kaweah Health Medical Center, Family HealthCare Network, College of the Sequoias, and Visalia Industrial Park. The city also provides access to downtown amenities, regional shopping, medical services, restaurants, cultural venues, and recreational facilities. Sequoia National Park and Kings Canyon National Park are recognized regional attractions.
Visalia functions as a commercial, healthcare, educational, and governmental center for Tulare County. Local employment and institutional resources identified in the surrounding area include Kaweah Health Medical Center, Family HealthCare Network, College of the Sequoias, and Visalia Industrial Park. The city also provides access to downtown amenities, regional shopping, medical services, restaurants, cultural venues, and recreational facilities. Sequoia National Park and Kings Canyon National Park are recognized regional attractions.
Key Highlights
- 26,580‑square‑foot apartment property
- Built in 1987
- R3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,724
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,414,480
$4.4M
Cap Rate 7%
$3,153,200
$3.2M
Cap Rate 9%
$2,452,489
$2.5M
Market Conditions
NOI Build-Up for 26,580 SF
Gross rent
$430.6K $16.20/SF
− Vacancy
−$29.3K −$1.10/SF
EGI
$401.3K $15.10/SF
− OpEx
−$180.6K −$6.79/SF
NOI
$220.7K $8.30/SF
Area
Visalia, CA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,414,480
Cap Rate 7%
$3,153,200
Cap Rate 9%
$2,452,489
Alternative Uses
Best Use
Apartment 5plus
$3.15M
$2.76M – $3.68M
NOI $220,724 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.28M
$6.37M – $8.49M
NOI $509,698 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property offering substantial residential scale in Visalia’s established Central Valley setting.
Where is this apartment building located?
The property is located at 1016-1020 N Leslie Street Visalia, CA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: 26,580‑square‑foot apartment property; Built in 1987; R3 zoning
