Downtown Retail Office
135 E Tulare Avenue Tulare, CA 93274
For Sale
$599,000
Two rentable units with large basements offer versatile space in a high-traffic downtown corridor.
Property Size3,895 SF
Price / SF$153.79
Days on Market165
Property Features for 135 E Tulare Avenue
General Information
- Standard status
- Active
- Size
- 3,895 SF
- Property subtype
- General Commercial
Listing Agency:
(559) 972-5768
Listed By:
Premier Real Estate
(559) 972-5768
Source:
Xome
Added: Feb 9
Changed: Jul 23
Last Checked: Jul 24 at 5:07AM
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 Premier Real Estate
Investment Insights
Based on property information with market context.
This commercial building offers approximately 3,895 square feet of versatile space arranged as two rentable units, each with its own large basement for storage or expanded operational needs. The flexibility of the layout can accommodate a range of commercial uses, including retail and service-based businesses, as well as professional offices.
The property is located on a high traffic corridor in Downtown Tulare and is described as having strong visibility for prospective customers or clients. It also sits within Tulare's Downtown Rehabilitation Grant Area, where future owners may qualify for grant funding to support upgrades or renovations.
For buyers and investors, the key value is the building’s two-unit configuration with basement space, paired with the opportunity to align income with current market conditions as current rents can be adjusted.
The property is located on a high traffic corridor in Downtown Tulare and is described as having strong visibility for prospective customers or clients. It also sits within Tulare's Downtown Rehabilitation Grant Area, where future owners may qualify for grant funding to support upgrades or renovations.
For buyers and investors, the key value is the building’s two-unit configuration with basement space, paired with the opportunity to align income with current market conditions as current rents can be adjusted.
Key Highlights
- Over 3,800 sq. ft. of commercial space on a high‑traffic downtown Tulare corridor
- Two rentable units, each with its own large basement for storage or expanded operational needs
- Flexible layout supports a wide range of commercial uses, including retail, service businesses, and professional offices
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 | $78.1k | $20.04 |
| − Vacancy | −$13.3k | −$3.41 |
| EGI | $64.8k | $16.63 |
| − OpEx | −$16.2k | −$4.16 |
| NOI | $48.6k | $12.47 |
3,895 SF · lease $20.04/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$794.2K
$694.9K – $926.6K
NOI $55,594 @ 7.0% cap · market cap 9.28%
Second Best
Office B
$694.1K
$607.4K – $809.8K
NOI $48,590 @ 7.0% cap · market cap 8.11%
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,817 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quality Tattoo
Tattoo & Piercing Shop
Similar Off Market Nearby
- Kasa Florist & Flower Delivery — 134 S K St, Tulare, CA 93274, United States
- Jemmi Florist & Flower Delivery — 200 S K St, Tulare, CA 93274
- Buttercup Flower Shop — 716 E Tulare Ave, Tulare, CA 93274
- Erica’s Flower Bouquets — 201 S K St, Tulare, CA 93274
- Julie's Little Flower Shop — 221 E Tulare Ave, Tulare, CA 93274
FAQs
What type of property is this?
Storefront property - Two rentable units with large basements offer versatile space in a high-traffic downtown corridor.
Where is this storefront property located?
The property is located at 135 E Tulare Avenue Tulare, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Over 3,800 sq. ft. of commercial space on a high‑traffic downtown Tulare corridor; Two rentable units, each with its own large basement for storage or expanded operational needs; Flexible layout supports a wide range of commercial uses, including retail, service businesses, and professional offices
