Three-Unit Retail
For Sale
$449,000
1837 W Sunnyside Avenue, Visalia, CA 93277
Commercial Sale, Visalia, CA
Property Size1,982 SF
Lot Size0.31 Acres
Price / SF$226.54
Days on Market233
Property Features for 1837 W Sunnyside Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-MU
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Fireplace
1
Accessibility
Accessible Approach with Ramp
Lot features
Back Yard, Corner Lot, Front Yard, Landscaped
Directions
From Mooney Blvd go east on Sunnyside to the property address on the southwest corner of Sunnyside and Fairway.
Subdivision
Visalia SW
Standard status
Active
APN
122312007000
Size
1,982 SF
Lot size
0.31 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas, Fireplace(s)
Cooling system
Central Air, Electric, Multi Units, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1993
Floors in Building
1
Flooring type
Combination
Building materials
Wood Siding
Roof type
Elastomeric, Composition
Listing Agency:
Century 21 Select Real Estate · Century 21 Real Estate
(559) 733-9696
Listed By:
Matt Thompson
(559) 936-7545
Added: Jan 9
Changed: Aug 27
Last Checked: Aug 30 at 6:06AM
MLS# 239150
Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,982-square-foot retail property was built in 1993 and is arranged as three separate business spaces, currently occupied by salons. Two spaces share electric and gas meters along with air-conditioning and heating systems, while the third has dedicated meters and its own HVAC system. The building includes three bathrooms, combination flooring, wood siding, and a composition and elastomeric roof. Heating is provided by forced air, central, and natural gas systems, with central air, multiple cooling units, and ceiling fans also in place.
The 0.31-acre property is zoned C-MU, or Commercial Mixed Use, and includes approximately 15 parking spaces in a rear lot. Public water and public sewer serve the site, which also has an accessible approach with ramp.
The 0.31-acre property is zoned C-MU, or Commercial Mixed Use, and includes approximately 15 parking spaces in a rear lot. Public water and public sewer serve the site, which also has an accessible approach with ramp.
Key Highlights
- 1,982‑square‑foot retail building on 0.31 acres
- Three separate business spaces, currently configured as salons
- C‑MU Commercial Mixed Use zoning
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
$28,290
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
6.30%
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%
$565,800
$565.8K
Cap Rate 7%
$404,143
$404.1K
Cap Rate 9%
$314,333
$314.3K
Market Conditions
NOI Build-Up for 1,982 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
$42.8K $21.60/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$40.4K $20.39/SF
− OpEx
−$12.1K −$6.12/SF
NOI
$28.3K $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%
$565,800
Cap Rate 7%
$404,143
Cap Rate 9%
$314,333
Alternative Uses
Best Use
Retail
$404.1K
$353.6K – $471.5K
NOI $28,290 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.0K
$475.1K – $633.5K
NOI $38,007 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
670k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Apparel 28%
Dining 25%
Groceries 12%
Hobby Lobby
Shops & Services
64,441 visits/mo
0.3 miles
Marshalls
Apparel
57,959 visits/mo
0.3 miles
Macy's
Apparel
55,378 visits/mo
0.5 miles
Nordstrom Rack
Apparel
52,727 visits/mo
0.4 miles
McDonald's
Dining
42,099 visits/mo
0.5 miles
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 Retail 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?
Retail space - C-MU zoning supports a three-business layout with salon improvements and rear-lot parking.
Where is this retail space located?
The property is located at 1837 W Sunnyside Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,982‑square‑foot retail building on 0.31 acres; Three separate business spaces, currently configured as salons; C‑MU Commercial Mixed Use zoning
