Retail Building on Mooney
For Sale
Contact for pricing
2234 S Mooney Blvd, Visalia, CA
Retail building with parking lot near Visalia Mall.
Property Size10,003 SF
Lot Size16.26 Acres
Price / SF$169.45
Days on Market380
Property Features for 2234 S Mooney Blvd
General Information
Standard status
Active
Size
10,003 SF
Lot size
16.26 Acres
Property subtype
RETAIL
Lease Type
Gross
Properties For Sale
at 2234 S Mooney Blvd Contact us- Floor
- Bldg
- Size
- 10,003 SF
- Type
- RETAIL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
2234 S Mooney Blvd
- Lease opportunity in a primely located building on Mooney Blvd. Great street visibility!...
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Listing Agency:
Graham & Associates
Listed By:
Matthew 'Matt' Graham
(559) 754-3020
Source:
Moodyscre
Added: Aug 29, 2025
Changed: Aug 8
Last Checked: Sep 12 at 9:22AM
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 Graham & Associates
Investment Insights
Based on property information with market context.
A retail building with a large paved parking lot is available. The property is centrally located on Mooney Boulevard, across from the Visalia Mall and near Kohl’s and other large retailers. The lot size is 10003 square feet.
Key Highlights
- Owner financing available at 5.5%
- Primely located on Mooney Blvd.
- Across from Visalia Mall
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
$142,776
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
8.42%
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%
$2,855,520
$2.9M
Cap Rate 7%
$2,039,657
$2.0M
Cap Rate 9%
$1,586,400
$1.6M
Market Conditions
NOI Build-Up for 10,003 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
$216.1K $21.60/SF
− Vacancy
−$12.1K −$1.21/SF
EGI
$204.0K $20.39/SF
− OpEx
−$61.2K −$6.12/SF
NOI
$142.8K $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%
$2,855,520
Cap Rate 7%
$2,039,657
Cap Rate 9%
$1,586,400
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,776 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,818 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
603k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 22%
Shops & Services 19%
Home Improvements & Furnishings 6%
Kohl's
Apparel
62,680 visits/mo
0.2 miles
JCPenney
Apparel
58,621 visits/mo
0.1 miles
In-N-Out Burger
Dining
57,667 visits/mo
0.1 miles
Macy's
Apparel
55,378 visits/mo
0.1 miles
Ross Dress for Less
Apparel
55,372 visits/mo
0.2 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with parking lot near Visalia Mall.
Where is this retail space located?
The property is located at 2234 S Mooney Blvd Visalia, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Owner financing available at 5.5%; Primely located on Mooney Blvd.; Across from Visalia Mall
