1516 W Mineral King Ave, Visalia, CA
Leased office building featuring remodeled interiors and basement storage.
- Added:
- Sep 26, 2023
- Days on Market:
- 990
- Last Refresh:
- May 20 at 8:54 pm
Property Features for 1516 W Mineral King Ave
General Information
- Standard status
- Active
- Size
- 1,802 SF
- Lot size
- 0.16 Acres
- Property subtype
- OFFICE
Listing agent Marty Zeeb (559) 625-2128
Listing office Zeeb Commercial Real Estate (559) 625-2128
Listing date Sep 26, 2023
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 Zeeb Commercial Real Estate
HighLights
- Leased office building generating income
- 7 parking spaces
- Basement storage available
- Remodeled in 1995
- Large bullpen area
- Unisex restroom
Overview
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 | $47.6k | $26.40 |
| − Vacancy | −$9.6k | −$5.31 |
| EGI | $38.0k | $21.09 |
| − OpEx | −$9.5k | −$5.27 |
| NOI | $28.5k | $15.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.309
- Latitude
- 36.3277
