Corner Lot Retail
For Sale
Contact for pricing
210 N Floral Street, Visalia, CA 93291
Well-maintained retail property on a corner lot featuring six fully occupied units.
Property Size3,827 SF
Price / SF$156.52
Days on Market71
Property Features for 210 N Floral Street
General Information
Standard status
Active
Size
3,827 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Jordan-Link & Company
Listed By:
Mitch Choboian · License #CA
(559) 686-8595
Source:
Crexi
Added: Jul 2
Changed: Sep 9
Last Checked: Sep 9 at 5:24AM
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 CENTURY 21 Jordan-Link & Company
Investment Insights
Based on property information with market context.
This for-sale retail property is located on a corner lot and includes six fully occupied units. The building is described as well maintained and in good overall condition. Tenants are responsible for their own gas and electricity, which helps minimize owner expenses. One of the units is currently undergoing renovations.
The property is situated in Downtown Visalia, offering a consolidated retail configuration with multiple long-term tenants.
As presented, the asset is positioned for immediate income generation with continued improvement underway for the unit currently being renovated.
The property is situated in Downtown Visalia, offering a consolidated retail configuration with multiple long-term tenants.
As presented, the asset is positioned for immediate income generation with continued improvement underway for the unit currently being renovated.
Key Highlights
- Downtown Visalia corner‑lot income property with six fully occupied units
- All units are currently rented with long‑term tenants
- Tenants pay their own gas and electricity, helping minimize owner utilities expense
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
$54,624
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
9.12%
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%
$1,092,480
$1.1M
Cap Rate 7%
$780,343
$780.3K
Cap Rate 9%
$606,933
$606.9K
Market Conditions
NOI Build-Up for 3,827 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
$82.7K $21.60/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$78.0K $20.39/SF
− OpEx
−$23.4K −$6.12/SF
NOI
$54.6K $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%
$1,092,480
Cap Rate 7%
$780,343
Cap Rate 9%
$606,933
Alternative Uses
Best Use
Retail
$780.3K
$682.8K – $910.4K
NOI $54,624 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.3K – $1.22M
NOI $73,387 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,299
Businesses Nearby
171k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 20%
Leisure 16%
Groceries 14%
Regal Cinemas Visalia 10
Leisure
27,649 visits/mo
0.3 miles
Smart & Final
Groceries
24,826 visits/mo
0.2 miles
Wells Fargo
Shops & Services
23,152 visits/mo
0.1 miles
Bank of America
Shops & Services
20,871 visits/mo
0.2 miles
Chase Bank
Shops & Services
18,433 visits/mo
0.2 miles
Demographics for 93291, CA
63,366
Population
19,866
Households
3.2
Avg Household Size
32
Median Age
24%
College-Educated
81%
High-School Grad
84.2 sq mi
ZIP Area
753
Density / Sq Mi
$81,502
Median Household Income
$41,778
Median Earnings
$1,331
Median Rent
$381,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained retail property on a corner lot featuring six fully occupied units.
Where is this storefront property located?
The property is located at 210 N Floral Street Visalia, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Downtown Visalia corner‑lot income property with six fully occupied units; All units are currently rented with long‑term tenants; Tenants pay their own gas and electricity, helping minimize owner utilities expense
