Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Village Center Title is generated by Realmo AI

    1211-1297 N Cherry St, Tulare, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in a busy shopping center.

    Type:RETAIL
    Property size:
    2,500 SF
    Lot size:
    12.49 Acres
    Added:
    Oct 14, 2024
    Days on Market:
    600
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 1211-1297 N Cherry St

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    12.49 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1211-1297 N Cherry St Contact us

    We can help!

    Listing Contact
    Lewis Smith
    Lewis Smith

    Listing agent Lewis Smith

    Listing office Retail California Commercial Real Estate

    Listing date Oct 14, 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 Retail California Commercial Real Estate

    HighLights

    • Anchored by Vallarta Supermarkets (50,500 SF) and Planet Fitness (20,100 SF)
    • Located on the hard corner of E. Prosperity Avenue and N. Cherry Street
    • Positioned immediately at the State Route 99 southbound off‑ramp to Prosperity Ave
    • High traffic counts: 225,000+ vehicles per day passing by the property
    • State Highway 99 traffic counts adjacent to off‑ramp: 112,416 vehicles per day
    • Outstanding exposure and property identity

    Overview

    The Village Shopping Center is anchored by a 50,500 square foot Vallarta Supermarkets store and a 20,100 square foot Planet Fitness location. The Village is favorably located on the corner of E. Prosperity Avenue and N. Cherry Street, positioned immediately at the State Route 99 southbound off-ramp to Prosperity Ave. State Highway 99 traffic counts adjacent to this off-ramp are 112,416 vehicles per day. The location benefits from traffic counts of over 225,000 vehicles per day passing by the property, offering exposure and property identity. Available retail space is 2,500 square feet and is located at 1211-1297 N Cherry St, Tulare, CA.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Sunglass Hut — 1411 Retherford St Spc D170, Tulare, CA 93274
    • Plaza Del Lago — 1110 E Prosperity Ave, Tulare, CA 93274
    • Tulare Pavilion Shopping Center — Monte Vista Shopping Center, 1531 Hillman St, Tulare, CA 93274
    • The Village Shopping Center — 621 E Prosperity Ave, Tulare, CA 93274
    • Coin Cloud Bitcoin ATM — 1111 N Cherry St, Tulare, CA 93274

    Location Insight

    • Map
    • Local Demand
    City
    Tulare
    County
    Tulare
    State
    California
    Longitude
    -119.337
    Latitude
    36.2249

    Nearby Similar for Lease

    • $3 SF/Yr
      3,250 SF

      Former Restaurant with Drive-Thru

      Restaurant space with drive-thru available for lease.
      1110 E Tulare Ave, Tulare, CA
      View Details
    • $1.50 SF/Yr
      1,596 SF

      Retail Space in Tower Square

      Retail space available in busy, established retail corridor.
      21 S Tower Sq, Tulare, CA
      View Details
    • $0.65 SF/Yr
      7,500 SF

      Tulare Industrial Space For Lease

      7,500 SF office/warehouse with high visibility and easy freeway access.
      1143 Security Ct, Tulare, CA
      View Details
    • $1,365/Mo
      1,300 SF

      Office Space in Tower Square

      Office space with reception, offices, and included furniture.
      129 North K St, Tulare, CA
      View Details
    • $3,500/Mo
      4,000 SF

      Tulare Industrial Flex Space Available

      4,000 SF flex space with drive-thru bays for lease.
      704 Industrial Ave, Tulare, CA
      View Details
    • $0.85 SF/Yr
      10,775 SF

      Industrial Warehouse with Fenced Yard

      South Tulare warehouse with truck well and fenced yard.
      863 E Levin Ave, Tulare, CA
      View Details
    • $0.85 SF/Yr
      5,000 SF

      Industrial Building with Fenced Area

      Service commercial building with office and fenced area for rent.
      6200 Hosfield Dr, Tulare, CA
      View Details
    • $1.00 SF/Yr
      5,000 SF

      New Industrial Building For Lease

      Build-to-suit industrial building with offices, yard, and ample parking.
      3200 S K St, Tulare, CA
      View Details
    • $0.65 SF/Yr
      7,200 SF

      Industrial Units with Roll-Up Doors

      Industrial warehouse units featuring roll-up doors and private restrooms.
      1442 S Blackstone St, Tulare, CA
      View Details
    • $1.55 SF/Yr
      1,880 SF

      Professional Office Space Near Hospital

      Office space for lease near Adventist Hospital in Tulare.
      946 N Cherry St, Tulare, CA
      View Details
    • $1.40 SF/Yr
      2,000 SF

      Renovated Retail Space Available

      Recently renovated retail space featuring an open layout and modern bathroom.
      772 W Inyo Ave, Tulare, CA
      View Details
    • $0.85 SF/Yr
      1,800 SF

      Tulare Warehouse Space Available

      Warehouse space for lease near Highway 99 in Tulare.
      1078-1098 E Walnut Ave, Tulare, CA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a busy shopping center.
    Where is this shopping center located?
    The property is located at 1211-1297 N Cherry St Tulare, CA.
    What are key features of this property?
    This property features: Anchored by Vallarta Supermarkets (50,500 SF) and Planet Fitness (20,100 SF); Located on the hard corner of E. Prosperity Avenue and N. Cherry Street; Positioned immediately at the State Route 99 southbound off‑ramp to Prosperity Ave
    (559) 447-6235 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lewis Smith
    Lewis Smith
    Learn More
    Request Owner's contact information
    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.
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1211-1297 N Cherry St, Tulare, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!