Automotive Facility with
New
For Sale
$699,000
1446 E Mineral King Ave, Visalia, CA 93292
Fresh paint, flooring, fixtures, private offices, and restrooms are included across the buildings.
Property Size1,896 SF
Days on Market3
Property Features for 1446 E Mineral King Ave
General Information
Standard status
Active
Size
1,896 SF
Class
C
Property subtype
Other
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,896 SF
Year Built
1959
Buildings
2
Listing Agency:
Zeeb Commercial Real Estate
Listed By:
Marc Griffiths · License #01434697
(559) 625-2128
Source:
Commercialcafe
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 1:16PM
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 automotive property includes two buildings with distinct layouts and customer-facing improvements. The building along E. Mineral King Avenue contains a sizable showroom, private offices, and two private restrooms. Fresh interior and exterior paint, new flooring, and fixtures are present throughout both structures. The north building adds several enclosed rooms at ground level, along with a large second-floor open area and an additional restroom.
The property is located at 1446 E. Mineral King Avenue in Visalia, adjacent to the city’s auto centers. Ben Maddox Way is also nearby, and the on- and off-ramps for Hwy 198 are in the immediate area. The improvements date to 1959 and were previously used for auto rental and sales operations.
The property is located at 1446 E. Mineral King Avenue in Visalia, adjacent to the city’s auto centers. Ben Maddox Way is also nearby, and the on- and off-ramps for Hwy 198 are in the immediate area. The improvements date to 1959 and were previously used for auto rental and sales operations.
Key Highlights
- Two‑building automotive property at 1446 E. Mineral King Avenue in Visalia
- Front building includes a large showroom, private offices, and two private restrooms
- North building offers several ground‑floor rooms and a large open second‑floor room
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
$27,062
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
3.87%
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%
$541,240
$541.2K
Cap Rate 7%
$386,600
$386.6K
Cap Rate 9%
$300,689
$300.7K
Market Conditions
NOI Build-Up for 1,896 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
$41.0K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$38.7K $20.39/SF
− OpEx
−$11.6K −$6.12/SF
NOI
$27.1K $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%
$541,240
Cap Rate 7%
$386,600
Cap Rate 9%
$300,689
Alternative Uses
Best Use
Retail
$386.6K
$338.3K – $451.0K
NOI $27,062 @ 7.0% cap · market cap 3.87%
Second Best
Industrial
$268.0K
$234.5K – $312.6K
NOI $18,758 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
333k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Dining 31%
Shops & Services 18%
Groceries 10%
Walmart
Superstores
135,958 visits/mo
0.3 miles
Save Mart
Groceries
33,654 visits/mo
0.3 miles
Starbucks
Dining
20,904 visits/mo
0.3 miles
Taco Bell
Dining
19,897 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,771 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Fresh paint, flooring, fixtures, private offices, and restrooms are included across the buildings.
Where is this automotive property located?
The property is located at 1446 E Mineral King Ave Visalia, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑building automotive property at 1446 E. Mineral King Avenue in Visalia; Front building includes a large showroom, private offices, and two private restrooms; North building offers several ground‑floor rooms and a large open second‑floor room
