Visalia Professional Office
For Sale
Contact for pricing
1644 S Court St, Visalia, CA 93277
Well-maintained 1,456 SF office building suitable for medical or professional use.
Property Size1,456 SF
Price / SF$234.20
Days on Market170
Property Features for 1644 S Court St
General Information
Standard status
Active
Size
1,456 SF
Class
C
Property subtype
Office
Zoning
PA
Building Details
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Equity Group
(559) 343-3049
Listed By:
Jason Ritchie · License #CA 01948820
Source:
Crexi
Added: Mar 5
Changed: Aug 18
Last Checked: Aug 21 at 11:26PM
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 Equity Group
Investment Insights
Based on property information with market context.
This 1,456 SF professional office building is centrally located in Visalia, offering convenient access to surrounding neighborhoods, businesses, and major city corridors. The building is designed to support efficient workflow and patient flow, making it ideally suited for medical, dental, or general professional office use. It features a functional layout that includes a welcoming lobby waiting area, reception desk, and patient evaluation station. The interior provides five exam rooms along with dedicated clerical workspace. Additional amenities include a break room, utility room, one full restroom, and two half restrooms. Offered unfurnished, the space allows for customization to fit specific operational needs. This property presents an opportunity for owner-users, medical practitioners, or investors seeking a well-configured professional building in a convenient Visalia location.
Key Highlights
- Centrally located in Visalia, offering convenient access to surrounding areas.
- Well‑maintained 1,456 SF professional office building suitable for medical, dental, or general professional use.
- Features five exam rooms, ideal for healthcare providers.
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
$23,034
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
6.75%
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%
$460,680
$460.7K
Cap Rate 7%
$329,057
$329.1K
Cap Rate 9%
$255,933
$255.9K
Market Conditions
NOI Build-Up for 1,456 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
$38.4K $26.40/SF
− Vacancy
−$7.7K −$5.31/SF
EGI
$30.7K $21.09/SF
− OpEx
−$7.7K −$5.27/SF
NOI
$23.0K $15.82/SF
Area
Visalia, CA
Vacancy
20.10%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$460,680
Cap Rate 7%
$329,057
Cap Rate 9%
$255,933
Alternative Uses
Best Use
Office B
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 6.75%
Second Best
Healthcare Medical
$269.6K
$235.9K – $314.5K
NOI $18,870 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained 1,456 SF office building suitable for medical or professional use.
Where is this medical office space located?
The property is located at 1644 S Court St Visalia, CA.
What is the asking price?
The asking price for this property is $341,000.
What are key features of this property?
This property features: Centrally located in Visalia, offering convenient access to surrounding areas.; Well‑maintained 1,456 SF professional office building suitable for medical, dental, or general professional use.; Features five exam rooms, ideal for healthcare providers.
