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    188 Citrus Dr Farmersville, CA 93223

    For Sale
    $699,000

    High-yield, low-maintenance income property.

    Property size:
    4,113 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 4,113 square foot commercial building, situated on a 0.22-acre lot at 188 W Citrus Drive in Farmersville, CA, presents a compelling investment opportunity. The property boasts multiple income-generating units currently operating below market rents, offering significant potential for increased revenue. The building is remarkably easy to maintain, a key advantage for investors seeking a low-effort, high-return asset. A significant benefit is the relatively new roofing system, installed less than five years ago, minimizing immediate capital expenditure needs. This translates to immediate cash flow and reduced long-term maintenance costs. The property's location in Farmersville, CA, provides convenient access to local amenities and a stable tenant base. The current rental income stream provides a solid foundation for growth, while the below-market rents offer a clear path to enhance profitability. This is an ideal acquisition for investors seeking a straightforward, manageable, and financially rewarding commercial property. The property's strong fundamentals and upside potential make it a highly attractive investment opportunity in the thriving Farmersville market. Serious inquiries are encouraged to explore this promising venture.

    Property Features for 188 Citrus Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,113 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Tulare
    State
    California
    Longitude
    -119.2079
    Latitude
    36.3077

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, low-maintenance income property.
    Where is this commercial real estate located?
    The property is located at 188 Citrus Dr Farmersville, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    (559) 688-1900
    Request Owner's contact information
    188 Citrus Dr Farmersville, CA 93223
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    Farmersville, CA 93223
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    Realmo Value Estimation

    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.

    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.

    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
    188 Citrus Dr Farmersville, CA 93223
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