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    Visalia Marketplace Office Building Title is generated by Realmo AI

    649 S County Center Dr, Visalia, CA

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    Well-maintained office building in Visalia Marketplace shopping center.

    Type:OFFICE
    Property size:
    21,480 SF
    Lot size:
    25.07 Acres
    Price / SF:
    $274/SF
    Added:
    Jun 27, 2024
    Days on Market:
    715
    Last Refresh:
    May 20 at 9:38 pm

    Property Features for 649 S County Center Dr

    General Information

    Standard status
    Active
    Size
    21,480 SF
    Lot size
    25.07 Acres
    Property subtype
    OFFICE

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    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

    HighLights

    • Direct access to Highway 198.
    • Extremely well located off of W Noble Ave.
    • Located in a professionally managed shopping center (Visalia Marketplace).
    • Well‑maintained.
    • Single story office building.
    • Office building.

    Overview

    This is a well-maintained single-story office building located in the professionally managed Visalia Marketplace shopping center. The property is situated off of West Noble Avenue, providing direct access to Highway 198. The building has a size of 21,480 square feet.

    Local Financial Insights For Office B

    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 $567.1k $26.40
    − Vacancy −$114.0k −$5.31
    EGI $453.1k $21.09
    − OpEx −$113.3k −$5.27
    NOI $339.8k $15.82
    21,480 SF · lease $26.40/SF/yr · vacancy 20.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.85M
    $4.25M – $5.66M (±1% cap)
    NOI $339,818 @ 7.0% cap · market cap 5.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.88M
    $5.15M – $6.87M (±1% cap)
    NOI $411,900 @ 7.0% cap · market cap 6.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Visalia Charter Independent ... High School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.326
    Latitude
    36.325

    FAQs

    What type of property is this?
    Office building - Well-maintained office building in Visalia Marketplace shopping center.
    Where is this office building located?
    The property is located at 649 S County Center Dr Visalia, CA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Direct access to Highway 198.; Extremely well located off of W Noble Ave.; Located in a professionally managed shopping center (Visalia Marketplace).
    (559) 754-3020 Call to check price and availability
    More about this property
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