Automotive Muffler Shop and
For Sale
$1,000,000
505 N Burke St, Visalia, CA 93292
Fully leased service commercial featuring a 6,400± SF muffler shop with four roll-up doors, showroom/office, and fenced yard.
Property Size6,400 SF
Days on Market61
Property Features for 505 N Burke St
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Industrial - Flex - Industrial
Occupancy
100%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
shared fenced and gated yard
Building Details
Building Size
6,400 SF
Year Built
1972
Tenancy
Multi
Listing Agency:
Zeeb Commercial Real Estate
(559) 625-2128
Listed By:
Martin Zeeb
Source:
Commercialcafe
Added: Jun 23
Changed: Aug 19
Last Checked: Aug 18 at 8:24AM
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
Investment Insights
Based on property information with market context.
This fully leased service commercial property includes a 6,400± SF muffler shop with four roll-up doors. The shop is supported by approximately 1,380± SF of showroom/office space. The site also features a shared fenced and gated yard.
In addition, the property includes a 2,400± SF flooring company with a showroom and shop, including a roll-up door. The offering is located at 505 N. Burke Street in Visalia.
In addition, the property includes a 2,400± SF flooring company with a showroom and shop, including a roll-up door. The offering is located at 505 N. Burke Street in Visalia.
Key Highlights
- Fully leased service commercial property with a 6,400± SF muffler shop on a long‑term lease
- Muffler shop features 4 roll‑up doors plus 1,380± SF showroom/office space
- Shared fenced and gated yard included with the muffler shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,826,980
$1.8M
Cap Rate 7%
$1,304,986
$1.3M
Cap Rate 9%
$1,014,989
$1.0M
Market Conditions
NOI Build-Up for 6,400 SF
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.
Gross rent
$138.2K $21.60/SF
− Vacancy
−$7.7K −$1.21/SF
EGI
$130.5K $20.39/SF
− OpEx
−$39.1K −$6.12/SF
NOI
$91.3K $14.27/SF
Area
Visalia, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,826,980
Cap Rate 7%
$1,304,986
Cap Rate 9%
$1,014,989
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,349 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$904.6K
$791.5K – $1.06M
NOI $63,319 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,726 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,869
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93292, CA
43,316
Population
15,028
Households
2.9
Avg Household Size
34
Median Age
18%
College-Educated
84%
High-School Grad
114.7 sq mi
ZIP Area
378
Density / Sq Mi
$80,784
Median Household Income
$40,834
Median Earnings
$1,418
Median Rent
$330,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Catering With Noel — 602 S Bridge St, Visalia, CA 93277
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased service commercial featuring a 6,400± SF muffler shop with four roll-up doors, showroom/office, and fenced yard.
Where is this flex space located?
The property is located at 505 N Burke St Visalia, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully leased service commercial property with a 6,400± SF muffler shop on a long‑term lease; Muffler shop features 4 roll‑up doors plus 1,380± SF showroom/office space; Shared fenced and gated yard included with the muffler shop
