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    Retail Building on Corner Lot Title is generated by Realmo AI

    1452 11th St, Reedley, CA

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    Retail building with salon equipment and tenant-occupied suite.

    Type:RETAIL
    Property size:
    3,260 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $176/SF
    Added:
    Dec 22, 2023
    Days on Market:
    905
    Last Refresh:
    May 20 at 9:28 pm

    Property Features for 1452 11th St

    General Information

    Standard status
    Active
    Size
    3,260 SF
    Lot size
    0.14 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Kevin Land License #01516541

    Listing office KW Commercial | Central California

    Listing date Dec 22, 2023

    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 KW Commercial | Central California

    HighLights

    • High‑visibility corner lot location in Reedley, CA.
    • Spacious ±3,260 sf retail building with flexible floorplan.
    • Fully equipped former salon with (8) stylist stations, shampoo bowls, dryer stations, & (2) pedicure stations.
    • Additional loft area with (2) rooms, private restroom/shower, & large living area.
    • Existing tenant in adjacent ±1,000 sf suite providing immediate income.
    • Adaptable space suitable for various commercial or professional uses.

    Overview

    This approximately 3,260 square foot retail building is situated on a corner lot in Reedley, California. The first floor features an open floorplan with multiple sectioned areas, making it suitable for a salon or other commercial or professional use. The former salon space includes eight hair stylist chairs with room for more, eight shampoo bowl sinks, eight hair dryer stations, and two pedicure stations. The second level offers a loft area with two rooms, a private restroom with a shower, and a large living area. The salon occupies approximately 2,260 square feet, while a month-to-month tenant occupies the adjacent suite, which is approximately 1,000 square feet.

    Local Financial Insights For Retail

    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 $63.8k $19.56
    − Vacancy −$3.6k −$1.10
    EGI $60.2k $18.46
    − OpEx −$18.1k −$5.54
    NOI $42.1k $12.93
    3,260 SF · lease $19.56/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $601.9K
    $526.7K – $702.3K (±1% cap)
    NOI $42,136 @ 7.0% cap · market cap 7.33%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $924.0K
    $808.5K – $1.08M (±1% cap)
    NOI $64,678 @ 7.0% cap · market cap 11.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedley
    County
    Fresno
    State
    California
    Longitude
    -119.448
    Latitude
    36.598

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    FAQs

    What type of property is this?
    Retail space - Retail building with salon equipment and tenant-occupied suite.
    Where is this retail space located?
    The property is located at 1452 11th St Reedley, CA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: High‑visibility corner lot location in Reedley, CA.; Spacious ±3,260 sf retail building with flexible floorplan.; Fully equipped former salon with **(8) stylist stations, shampoo bowls, dryer stations, & (2) pedicure stations.**
    (559) 705-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Ennis
    Jared Ennis
    Real Estate License ID: 01516541
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