Self-Storage Property with Multiple
New
For Sale
$1,990,000
1910 Mineral King Avenue, Visalia, CA 93292
Central air serves the buildings, with access just off Ben Maddox and Highway 198.
Property Size12,000 SF
Lot Size2.60 Acres
Price / SF$165.83
Days on Market5
Property Features for 1910 Mineral King Avenue
General Information
Standard status
Active
Size
12,000 SF
Lot size
2.60 Acres
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Amenities
Central Air
Approx. 181 x 625
Building Details
Year Built
1977
Buildings
3
Listing Agency:
Craig Smith & Associates, Inc.
(559) 686-1688
Listed By:
Craig Smith · License #00665248
(559) 737-1750
Source:
Xome
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 10 at 6:16AM
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 Craig Smith & Associates, Inc.
Investment Insights
Based on property information with market context.
This self-storage property comprises three separate buildings totaling 12,000 square feet. The primary structure measures approximately 6,000 square feet, while two additional buildings provide approximately 3,000 square feet each. Central air is included, and the improvements date to 1977.
The property occupies 2.6 acres at 1910 Mineral King Avenue in Visalia, California. Its location is just off Ben Maddox and Highway 198, providing access from established local and regional roadways. The site dimensions are approximately 181 x 625 feet.
The property occupies 2.6 acres at 1910 Mineral King Avenue in Visalia, California. Its location is just off Ben Maddox and Highway 198, providing access from established local and regional roadways. The site dimensions are approximately 181 x 625 feet.
Key Highlights
- Three‑building self‑storage property totaling 12,000 square feet
- Primary building contains approximately 6,000 square feet
- Two additional buildings measure approximately 3,000 square feet each
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
$144,163
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
7.24%
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%
$2,883,260
$2.9M
Cap Rate 7%
$2,059,471
$2.1M
Cap Rate 9%
$1,601,811
$1.6M
Market Conditions
NOI Build-Up for 12,000 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
$187.2K $15.60/SF
− Vacancy
−$17.6K −$1.47/SF
EGI
$169.6K $14.13/SF
− OpEx
−$25.4K −$2.12/SF
NOI
$144.2K $12.01/SF
Area
Visalia, CA
Vacancy
9.40%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$2,883,260
Cap Rate 7%
$2,059,471
Cap Rate 9%
$1,601,811
Alternative Uses
Best Use
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,163 @ 7.0% cap · market cap 7.24%
Second Best
Self Storage
$1.59M
$1.39M – $1.85M
NOI $111,283 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,112 @ 7.0% cap · market cap 11.56%
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
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 93292, CA
43,316
Population
15,028
Households
2.9
Avg Household Size
34
Median Age
18%
College-Educated
84%
High-School Grad
114.7 sq mi
ZIP Area
378
Density / Sq Mi
$80,784
Median Household Income
$40,834
Median Earnings
$1,418
Median Rent
$330,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Central air serves the buildings, with access just off Ben Maddox and Highway 198.
Where is this self storage facility located?
The property is located at 1910 Mineral King Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Three‑building self‑storage property totaling 12,000 square feet; Primary building contains approximately 6,000 square feet; Two additional buildings measure approximately 3,000 square feet each
