Corner Flex Building with
For Sale
$700,000
191 N Elmwood Avenue, Lindsay, CA 93247
Commercial Sale, Lindsay, CA
Property Size4,500 SF
Lot Size0.10 Acres
Price / SF$155.56
Days on Market394
Property Features for 191 N Elmwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central commercial Please confirm with the city of Lindsay.
Directions
From Hermosa St., South on Elmwood Property is located on the South/West of Elmwood and Samoa St.
Subdivision
Lindsay
Standard status
Active
APN
205282019000
Size
4,500 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Roof type
Metal
Listing Agency:
Joy Realty Group
(559) 310-4415
Listed By:
Ruben Benitez · License #01244963
(559) 804-1557
Added: Sep 8, 2025
Changed: Oct 2
Last Checked: Oct 6 at 3:06PM
MLS# 237252
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 4,500-square-foot flex property combines an open showroom with a separate warehouse or storage area. The corner building includes central heating and central air, a metal roof, public water, and public sewer. Built in 1900, the property is configured for a commercial user seeking both customer-facing space and back-of-house storage.
The building is positioned downtown in Lindsay, near restaurants, convenience stores, and schools, with access to Highway 65. Its corner placement provides exposure from more than one street approach. The property occupies 0.1 acres and is identified as flex space, supporting the existing showroom-and-warehouse configuration.
The building is positioned downtown in Lindsay, near restaurants, convenience stores, and schools, with access to Highway 65. Its corner placement provides exposure from more than one street approach. The property occupies 0.1 acres and is identified as flex space, supporting the existing showroom-and-warehouse configuration.
Key Highlights
- 4,500‑square‑foot flex building with open showroom and separate warehouse or storage area
- 0.1‑acre corner property in downtown Lindsay
- Easy access to Highway 65
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,230
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,284,600
$1.3M
Cap Rate 7%
$917,571
$917.6K
Cap Rate 9%
$713,667
$713.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$97.2K $21.60/SF
− Vacancy
−$5.4K −$1.21/SF
EGI
$91.8K $20.39/SF
− OpEx
−$27.5K −$6.12/SF
NOI
$64.2K $14.27/SF
Area
Tulare County, 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 Rate 5%
$1,284,600
Cap Rate 7%
$917,571
Cap Rate 9%
$713,667
Alternative Uses
Best Use
Retail
$917.6K
$802.9K – $1.07M
NOI $64,230 @ 7.0% cap · market cap 9.18%
Second Best
Flex RnD
$565.0K
$494.4K – $659.2K
NOI $39,551 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,681 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93247, CA
18,210
Population
5,731
Households
3.2
Avg Household Size
30
Median Age
7%
College-Educated
64%
High-School Grad
65.8 sq mi
ZIP Area
277
Density / Sq Mi
$55,460
Median Household Income
$29,492
Median Earnings
$957
Median Rent
$271,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Open showroom and separate warehouse area provide distinct retail and storage spaces in a downtown commercial setting.
Where is this flex space located?
The property is located at 191 N Elmwood Avenue Lindsay, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,500‑square‑foot flex building with open showroom and separate warehouse or storage area; 0.1‑acre corner property in downtown Lindsay; Easy access to Highway 65
