Mixed-Use Property with
For Sale
$110,000
16667 Avenue 168, Tulare, CA 93274
Commercial and residential zoning supports a flexible property configuration with an on-site office and rear mobile home.
Property Size477 SF
Price / SF$230.61
Days on Market120
Property Features for 16667 Avenue 168
General Information
Standard status
Active
Size
477 SF
Property subtype
General Commercial
Amenities
3
135 X 60
Building Details
Year Built
1967
Listing Agency:
Gateway to Homes
(517) 749-6666
Listed By:
Chris Dean · License #6506043716
(517) 749-6666
Source:
Xome
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 4:11PM
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 Gateway to Homes
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential zoning with an on-site office and a mobile home positioned at the rear of the parcel. The mobile home is currently rented, providing an existing residential component alongside the office use. The property was built in 1967 and occupies a site identified as 135 X 60.
Located at 16667 Avenue 168 in Tulare, California, the property offers a flexible configuration for continued office use, residential occupancy, or a live-work arrangement, subject to applicable approvals. Its existing improvements provide both an office component and a separate mobile-home component within the same property.
Located at 16667 Avenue 168 in Tulare, California, the property offers a flexible configuration for continued office use, residential occupancy, or a live-work arrangement, subject to applicable approvals. Its existing improvements provide both an office component and a separate mobile-home component within the same property.
Key Highlights
- Commercial and residential zoning
- On‑site office included
- Rear mobile home is currently rented
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
$5,951
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
5.41%
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%
$119,020
$119.0K
Cap Rate 7%
$85,014
$85.0K
Cap Rate 9%
$66,122
$66.1K
Market Conditions
NOI Build-Up for 477 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
$9.6K $20.04/SF
− Vacancy
−$1.6K −$3.41/SF
EGI
$7.9K $16.63/SF
− OpEx
−$2.0K −$4.16/SF
NOI
$6.0K $12.47/SF
Area
Tulare County, CA
Vacancy
17.00%
Lease Rate
$20.04 /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%
$119,020
Cap Rate 7%
$85,014
Cap Rate 9%
$66,122
Alternative Uses
Best Use
Office B
$85.0K
$74.4K – $99.2K
NOI $5,951 @ 7.0% cap · market cap 5.41%
Second Best
Mixed Use
$69.0K
$60.4K – $80.5K
NOI $4,830 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$144.9K
$126.8K – $169.0K
NOI $10,142 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 93274, CA
78,493
Population
24,493
Households
3.2
Avg Household Size
31
Median Age
11%
College-Educated
75%
High-School Grad
219.2 sq mi
ZIP Area
358
Density / Sq Mi
$69,905
Median Household Income
$37,434
Median Earnings
$1,334
Median Rent
$300,900
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?
Mixed-use property - Commercial and residential zoning supports a flexible property configuration with an on-site office and rear mobile home.
Where is this mixed-use property located?
The property is located at 16667 Avenue 168 Tulare, CA.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Commercial and residential zoning; On‑site office included; Rear mobile home is currently rented
