Corner Retail-Industrial
For Sale
$700,000
191 Elmwood Avenue, Lindsay, CA 93247
Former El Dorado Jewelers building with an open showroom plus a separate warehouse or storage area.
Property Size4,500 SF
Price / SF$155.56
Days on Market362
Property Features for 191 Elmwood Avenue
General Information
Standard status
Active
Size
4,500 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Amenities
Central Air
3
Getting
Building Details
Year Built
1900
Listing Agency:
TREG INC - The Real Estate Group
(530) 222-5522
Listed By:
Tom Miceli · License #01105123
(530) 515-3250
Source:
Xome
Added: Sep 7, 2025
Changed: Sep 3
Last Checked: Sep 2 at 4:05PM
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 TREG INC - The Real Estate Group
Investment Insights
Based on property information with market context.
Located at 191 N Elmwood Avenue in Lindsay, CA, this former El Dorado Jewelers building offers a layout designed for mixed front-and-back operations. The property includes an open showroom area along with a separate warehouse or storage area.
The building sits in downtown Lindsay near restaurants, convenience stores, and schools, with easy access to Highway 65. Its corner location can support storefront visibility for businesses seeking a prominent street presence.
For sale as a commercial building ready for a new tenant or owner, it presents a flexible configuration for users who want public-facing space combined with dedicated storage or back-of-house area.
The building sits in downtown Lindsay near restaurants, convenience stores, and schools, with easy access to Highway 65. Its corner location can support storefront visibility for businesses seeking a prominent street presence.
For sale as a commercial building ready for a new tenant or owner, it presents a flexible configuration for users who want public-facing space combined with dedicated storage or back-of-house area.
Key Highlights
- Former El Dorado Jewelers commercial building
- Open showroom plus a separate warehouse/storage area
- Downtown Lindsay location near restaurants, convenience stores, and schools
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
$64,230
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
9.18%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Former El Dorado Jewelers building with an open showroom plus a separate warehouse or storage area.
Where is this flex space located?
The property is located at 191 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: Former El Dorado Jewelers commercial building; Open showroom plus a separate warehouse/storage area; Downtown Lindsay location near restaurants, convenience stores, and schools
