Historic Visalia Depot Restaurant
For Sale
Contact for pricing
207 E Oak Ave, Visalia, CA
Unique property with restaurant and office development potential.
Property Size9,275 SF
Lot Size0.75 Acres
Price / SF$350.40
Days on Market1102
Property Features for 207 E Oak Ave
General Information
Standard status
Active
Size
9,275 SF
Lot size
0.75 Acres
Property subtype
RETAIL
Listing Agency:
Graham & Associates
(559) 754-3020
Listed By:
Matthew 'Matt' Graham
(559) 754-3020
Source:
Moodyscre
Added: Jul 27, 2023
Changed: Jul 6
Last Checked: Jul 21 at 3:12AM
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
Investment Insights
Based on property information with market context.
This distinctly unique property, formerly Visalia’s original train station built in 1916, is available for acquisition in downtown Visalia. Known as The Depot Restaurant, the property showcases timeless elegance and European architectural influences. The space features restored stained glass art pieces imported from Italian Church ruins. The dining alcove is adorned with chandeliers imported from Spain and crystal glass windows from a century-old New Orleans hotel. A custom-made dome constructed from hundreds of pieces of stained glass adds to the detailed design. The property offers the option to continue its legacy as a restaurant, utilizing its two bars, wine cellar, and food and beverage storage. Alternatively, it presents a development opportunity to transform the space into an office building. The property includes spacious rooms of varied sizes, including a wine cellar, banquet room, and dining alcoves, offering potential as a desired office building. The banquet room can serve as a space for personal parties or conference rooms, while the 612 Lounge Space can accommodate up to 60 people. The property features accents of Spanish gold leaf tile, a 125-year-old hand-carved altar rail, and iron gates. The property has a size of 9275 square feet.
Key Highlights
- Unique historical property: Visalia's original 1916 train station, offering a distinctive and memorable space.
- Versatile potential: Suitable for continuing as a restaurant or redevelopment into an office building.
- Elegant architectural details: Features restored stained glass, Spanish chandeliers, and crystal glass.
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 | $244.9k | $26.40 |
| − Vacancy | −$49.2k | −$5.31 |
| EGI | $195.6k | $21.09 |
| − OpEx | −$48.9k | −$5.27 |
| NOI | $146.7k | $15.82 |
9,275 SF · lease $26.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.10M
$1.83M – $2.45M
NOI $146,732 @ 7.0% cap · market cap 4.51%
Second Best
Specialty Retail
$2.03M
$1.77M – $2.36M
NOI $141,841 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,857 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Restaurants in Tulare County
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Precision Prep — 625 W Murray Ave, Visalia, CA 93291
- The Painted Table — 525 W Main St Suite 120-1091, Visalia, CA 93291
- The Collective Catering — 916 W Oak Ave A, Visalia, CA 93291
- Lake Bottom Brewery & Distillery — 105 E Main St, Visalia, CA 93291
- Catering With Noel — 602 S Bridge St, Visalia, CA 93277
Frequently Asked Questions
What type of property is this?
Restaurant - Unique property with restaurant and office development potential.
Where is this restaurant located?
The property is located at 207 E Oak Ave Visalia, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Unique historical property: Visalia's original 1916 train station, offering a distinctive and memorable space.; Versatile potential: Suitable for continuing as a restaurant or redevelopment into an office building.; Elegant architectural details: Features restored stained glass, Spanish chandeliers, and crystal glass.
