Retail Property with High
142 S Mirage Ave, Lindsay, CA 93247
For Sale
Contact for pricing
Retail property for sale with significant deposits.
Property Size5,116 SF
Price / SF$435.65
Days on Market247
Property Features for 142 S Mirage Ave
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License CA #471020548
(859) 581-1113
Source:
Crexi
Added: Mar 9
Changed: Nov 10
Last Checked: Nov 10 at 5:23AM
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 Bang Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property, encompassing 5,116 square feet, is available for sale. It operates on a NNN lease structure and features a 6.00% Cap Rate. The property has $93 million in deposits.
Key Highlights
- 6.00% Cap Rate
- $93 Million in Deposits
- NNN Lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,022
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,460,440
$1.5M
Cap Rate 7%
$1,043,171
$1.0M
Cap Rate 9%
$811,356
$811.4K
Market Conditions
NOI Build-Up for 5,116 SF
Gross rent
$110.5K $21.60/SF
− Vacancy
−$6.2K −$1.21/SF
EGI
$104.3K $20.39/SF
− OpEx
−$31.3K −$6.12/SF
NOI
$73.0K $14.27/SF
Area
Tulare County, 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 Rate 5%
$1,460,440
Cap Rate 7%
$1,043,171
Cap Rate 9%
$811,356
Alternative Uses
Best Use
Retail
$1.04M
$912.8K – $1.22M
NOI $73,022 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,779 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Home Improvements & Furnishings 3%
Groceries 2%
Fastrip
Shops & Services
19,221 visits/mo
0.2 miles
Dollar General
Shops & Services
9,794 visits/mo
0.1 miles
Chevron
Shops & Services
5,155 visits/mo
0.1 miles
Watermill Express
Shops & Services
2,302 visits/mo
0.3 miles
Watermill Express
Shops & Services
2,118 visits/mo
0.2 miles
Demographics for 93247, CA
18,210
Population
5,731
Households
3.2
Avg Household Size
30
Median Age
7%
College-Educated
64%
High-School Grad
65.8 sq mi
ZIP Area
277
Density / Sq Mi
$55,460
Median Household Income
$29,492
Median Earnings
$957
Median Rent
$271,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail properties & Spaces in Tulare County, CA
Properties on Market for Retail properties & Spaces in Tulare County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property for sale with significant deposits.
Where is this retail property located?
The property is located at 142 S Mirage Ave Lindsay, CA.
What is the asking price?
The asking price for this property is $2,228,810.
What are key features of this property?
This property features: 6.00% Cap Rate; $93 Million in Deposits; NNN Lease in place
