Prime Visalia Retail
For Sale
Contact for pricing
2240 S Mooney Blvd, Visalia, CA 93277
Freestanding building in Visalia's retail corridor with high visibility.
Property Size17,000 SF
Price / SF$220.59
Days on Market172
Property Features for 2240 S Mooney Blvd
General Information
Standard status
Active
Size
17,000 SF
Property subtype
Retail
Zoning
CR
Building Details
Year Built
1958
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Mark Saito Company
(559) 284-9028
Listed By:
Patrick Monreal · License #CA 02007579
Source:
Crexi
Added: Mar 3
Changed: Aug 14
Last Checked: Aug 22 at 5:31AM
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 Mark Saito Company
Investment Insights
Based on property information with market context.
This freestanding building is situated in Visalia's primary retail corridor along Mooney Blvd., benefiting from high traffic volume. The property features approximately 40 parking spaces and prominent street frontage with pylon signage. The building includes 12-foot ceiling height and three overhead doors. It is located adjacent to national tenants such as AT&T and Denny's, offering exposure in an active retail market. The location is near Visalia Mall and surrounded by shopping centers including Packwood Creek Shopping Center, Gateway Plaza, and the renovated Sequoia Mall, which includes Nordstrom Rack, Barnes & Noble, and Daiso. Additional national retailers in the vicinity include Hobby Lobby, Grocery Outlet, Save Mart, WinCo Foods, Walgreens, and CVS. The property offers strategic freeway access via CA-198, CA-63, and CA-99, and is surrounded by residential neighborhoods. Ongoing retail development along Mooney Boulevard and the completed Sequoia Mall transformation enhance the area. The property is suitable for retailers, restaurants, and service-oriented businesses. The building size is 17000 square feet.
Key Highlights
- Prime location on Mooney Blvd. with exceptional visibility and ±50,000 VPD.
- Benefit from ±40 parking spaces and prominent street frontage with pylon signage.
- Strategic freeway access via CA‑198, CA‑63, and CA‑99.
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
$242,646
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
6.47%
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%
$4,852,920
$4.9M
Cap Rate 7%
$3,466,371
$3.5M
Cap Rate 9%
$2,696,067
$2.7M
Market Conditions
NOI Build-Up for 17,000 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
$367.2K $21.60/SF
− Vacancy
−$20.6K −$1.21/SF
EGI
$346.6K $20.39/SF
− OpEx
−$104.0K −$6.12/SF
NOI
$242.6K $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%
$4,852,920
Cap Rate 7%
$3,466,371
Cap Rate 9%
$2,696,067
Alternative Uses
Best Use
Retail
$3.47M
$3.03M – $4.04M
NOI $242,646 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.07M – $5.43M
NOI $325,992 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
670k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 46%
Dining 23%
Shops & Services 17%
Home Improvements & Furnishings 6%
Kohl's
Apparel
62,680 visits/mo
0.2 miles
JCPenney
Apparel
58,621 visits/mo
0.2 miles
Marshalls
Apparel
57,959 visits/mo
0.4 miles
In-N-Out Burger
Dining
57,667 visits/mo
0.3 miles
Macy's
Apparel
55,378 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building in Visalia's retail corridor with high visibility.
Where is this storefront property located?
The property is located at 2240 S Mooney Blvd Visalia, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Prime location on Mooney Blvd. with exceptional visibility and ±50,000 VPD.; Benefit from ±40 parking spaces and prominent street frontage with pylon signage.; Strategic freeway access via CA‑198, CA‑63, and CA‑99.
