Two-Story Retail
For Sale
$1,699,900
2008 W Dorothea Avenue, Visalia, CA 93277
CR-zoned commercial property with updated finishes, private offices, and ADA-accessible restrooms.
Property Size6,452 SF
Lot Size0.31 Acres
Price / SF$263.47
Days on Market139
Property Features for 2008 W Dorothea Avenue
General Information
Standard status
Active
Size
6,452 SF
Lot size
0.31 Acres
Property subtype
Commercial
Zoning
CR
Amenities
new flooring
freshly painted
13 private offices
3 updated ADA accessible bathrooms
Building Details
Building Size
6,452 SF
Year Built
1993
Buildings
1
Stories
2
Listing Agency:
Premier Real Estate
(559) 679-8322
Listed By:
Julie Beltran · License #01392245
(559) 679-8322
Source:
Home-realty
Added: Apr 14
Changed: Aug 29
Last Checked: Aug 29 at 1:15PM
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 Premier Real Estate
Investment Insights
Based on property information with market context.
This two-story retail property contains 6,452 square feet on a .31-acre lot and was built in 1993. Recent improvements include new flooring, fresh paint, and three updated ADA-accessible bathrooms. The interior also includes 13 private offices, providing a configuration that accommodates retail and office functions within the same building.
Located at 2008 W Dorothea Avenue in Visalia, the property carries CR, or Commercial Retail, zoning. Its existing layout and improvements provide a practical foundation for retail outlets or office space.
Located at 2008 W Dorothea Avenue in Visalia, the property carries CR, or Commercial Retail, zoning. Its existing layout and improvements provide a practical foundation for retail outlets or office space.
Key Highlights
- 6,452‑square‑foot, two‑story retail building
- Located on a .31‑acre lot in Visalia
- CR zoning for Commercial Retail
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
$102,072
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
6.00%
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%
$2,041,440
$2.0M
Cap Rate 7%
$1,458,171
$1.5M
Cap Rate 9%
$1,134,133
$1.1M
Market Conditions
NOI Build-Up for 6,452 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
$170.3K $26.40/SF
− Vacancy
−$34.2K −$5.31/SF
EGI
$136.1K $21.09/SF
− OpEx
−$34.0K −$5.27/SF
NOI
$102.1K $15.82/SF
Area
Visalia, CA
Vacancy
20.10%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,041,440
Cap Rate 7%
$1,458,171
Cap Rate 9%
$1,134,133
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,072 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$1.32M
$1.15M – $1.53M
NOI $92,091 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,724 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
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 Office 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 - CR-zoned commercial property with updated finishes, private offices, and ADA-accessible restrooms.
Where is this retail space located?
The property is located at 2008 W Dorothea Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: 6,452‑square‑foot, two‑story retail building; Located on a .31‑acre lot in Visalia; CR zoning for Commercial Retail
