Flex Space With Covered
For Sale
$3,195,000
1731 K Street, Tulare, CA 93274
Two-building commercial property with offices, restrooms, roll-up doors, and equipment storage.
Property Size19,281 SF
Price / SF$165.71
Days on Market8
Property Features for 1731 K Street
General Information
Standard status
Active
Size
19,281 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
A/C - Other
3
Parking.
RV Parking.
Irregular
Out Building. City Road.
Building Details
Year Built
1975
Buildings
2
Listing Agency:
Walter Realty Group, Inc.
(970) 390-8574
Listed By:
Michael Walter
(970) 390-8574
Source:
Xome
Added: Aug 24
Changed: Aug 31
Last Checked: Aug 31 at 9:33AM
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 Walter Realty Group, Inc.
Investment Insights
Based on property information with market context.
This flex property includes two buildings totaling approximately 19,281 square feet on over 2 acres. The front building contains approximately 9,680± square feet, along with 2,400± square feet of covered equipment storage, multiple private offices, restrooms, a sales and rental office, and an event area currently used as a party venue. The rear facility provides approximately 5,185± square feet plus 2,016± square feet of covered storage and is configured as a repair and maintenance shop.
Large roll-up doors at both buildings accommodate oversized equipment and machinery. The site includes ample parking and storage areas for heavy equipment, tractors, trailers, and commercial vehicles, with RV parking also identified. Located at 1731 K Street in Tulare, the property is a short distance from Highway 99 and was built in 1975.
Large roll-up doors at both buildings accommodate oversized equipment and machinery. The site includes ample parking and storage areas for heavy equipment, tractors, trailers, and commercial vehicles, with RV parking also identified. Located at 1731 K Street in Tulare, the property is a short distance from Highway 99 and was built in 1975.
Key Highlights
- Two‑building flex property totaling 19,281 square feet on over 2 acres
- Front building includes approximately 9,680± square feet plus 2,400± square feet of covered equipment storage
- Rear building provides approximately 5,185± square feet and 2,016± square feet of covered storage
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
$169,461
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
5.30%
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%
$3,389,220
$3.4M
Cap Rate 7%
$2,420,871
$2.4M
Cap Rate 9%
$1,882,900
$1.9M
Market Conditions
NOI Build-Up for 19,281 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
$277.6K $14.40/SF
− Vacancy
−$16.9K −$0.88/SF
EGI
$260.7K $13.52/SF
− OpEx
−$91.2K −$4.73/SF
NOI
$169.5K $8.79/SF
Area
Tulare County, CA
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$3,389,220
Cap Rate 7%
$2,420,871
Cap Rate 9%
$1,882,900
Alternative Uses
Best Use
Flex RnD
$2.42M
$2.12M – $2.82M
NOI $169,461 @ 7.0% cap · market cap 5.30%
Second Best
Warehouse
$1.95M
$1.70M – $2.27M
NOI $136,304 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$5.86M
$5.12M – $6.83M
NOI $409,962 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Vejar's Mexican Restaurant & Cocktail Lounge — 1293 S K St, Tulare, CA 93274
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with offices, restrooms, roll-up doors, and equipment storage.
Where is this flex space located?
The property is located at 1731 K Street Tulare, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Two‑building flex property totaling 19,281 square feet on over 2 acres; Front building includes approximately 9,680± square feet plus 2,400± square feet of covered equipment storage; Rear building provides approximately 5,185± square feet and 2,016± square feet of covered storage
