Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    144 Neeley St Visalia, CA 93291

    Sponsored
    For Sale
    $225,000

    Prime Visalia office space, ample parking.

    Property size:
    1,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional commercial property at 144 S Neeley Street NW, Visalia, CA, presents a fantastic opportunity for businesses seeking a well-situated office space. The property boasts a total area of 17,940 square feet, encompassing a main parcel of 17,820 square feet and an additional well site parcel of 120 square feet. This sizable lot offers ample space for development and improvements, including convenient onsite parking. The existing 1,000 square foot building on the property could be incorporated into future office plans, offering immediate usability. Previously utilized by the local electrical union for weekly meetings, the building provides a solid foundation for a variety of office configurations. Benefitting from a highly desirable location, the property sits directly across from the Visalia BMW dealership and is conveniently situated near the new "The Square at Plaza Drive" development. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking to establish a strong presence in a thriving area of Visalia. The 0.41-acre lot provides significant potential for expansion and customization, allowing businesses to tailor the space to their specific needs. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing area of Visalia.

    Property Features for 144 Neeley St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,000 SF
    Lot Size
    17,860 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Dental Office Pharmacy Gym & Fitness Auto Parts Store Grocery Store Bar & Pub Hotel & Motel Electronics Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.3941
    Latitude
    36.32916

    Nearby Similar for Sale

    • $849,999
      4,851 SF

      Visalia Medical Building with Two Units

      Centrally located medical building with two units and ample parking.
      306 N Conyer St, Visalia, CA 93291
      View Details
    • $279,000
      Pending

      Visalia Commercial Property For Sale

      Remodeled office ideal for medical or professional use.
      819 S Bridge St, Visalia, CA 93277
      View Details
    • $575,000
      1,600 SF

      Turnkey Investment Opportunity in Visalia

      Rare, fully remodeled triplex with immediate rental income potential.
      1518 W Grove Ave, Visalia, CA 93291
      View Details
    • New
      $450,000
      Pending

      Visalia Drive-Thru Commercial Opportunity

      High-visibility drive-thru property suitable for various food and beverage concepts.
      1103 W Caldwell Ave, Visalia, CA 93277
      View Details
    • $485,000
      Pending

      Visalia Duplex with Fireplaces

      Charming Visalia duplex featuring fireplaces, central air, and garages.
      844 S Linwood St, Visalia, CA 93277
      View Details
    • $1,450,000
      11,050 SF

      Visalia Multifamily Investment Opportunity

      15 units on 1.32 acres with value-add potential.
      636 E Roosevelt Ave, Visalia, CA 93292
      View Details
    • $550,000
      2,488 SF

      Visalia Triplex with Garage

      Triplex in Visalia with private garages and laundry.
      1349 S Liberty St, Visalia, CA 93292
      View Details
    • $2,800,000
      2,888 SF

      Established Car Wash on High-Traffic Street

      Profitable car wash with self-serve and automatic bays in Visalia.
      2016 N Dinuba Blvd, Visalia, CA 93291
      View Details
    • $1,500,000
      7,596 SF

      Visalia Restaurant with Remodeled Interior

      Former 'El Presidente' restaurant with banquet room, stage, and parking.
      539 N Sante Fe St, Visalia, CA 93291
      View Details
    • New
      $490,000
      1,982 SF

      Visalia Commercial Mixed-Use Property

      Commercial property in Visalia, CA, suitable for various business purposes.
      1837 W Sunnyside Ave, Visalia, CA 93277
      View Details
    • $369,000
      1,064 SF

      Visalia Duplex with Income Potential

      Duplex with two units, ideal for owner-occupant or investor.
      1217 N Stevenson St, Visalia, CA 93291
      View Details
    • $1,049,000
      6,294 SF

      Visalia Multifamily Investment Opportunity

      Ten-unit multifamily property in Visalia, California, with remodeling and amenities.
      422 W Race Ave, Visalia, CA 93291
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Visalia office space, ample parking.
    Where is this office property / space located?
    The property is located at 144 Neeley St Visalia, CA.
    What is the asking price?
    The asking price for this property is $225,000.
    (559) 907-0023
    Request Owner's contact information
    144 Neeley St Visalia, CA 93291
    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.
    144 Neeley St
    Visalia, CA 93291
    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.

    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
    144 Neeley St Visalia, CA 93291
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.