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Cold Shell Office Suite
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227 E Caldwell Ave, Visalia, CA 93277

New construction cold shell office suite with NNN structure and space available for build-to-suit tenant improvements.

Property Size3,900 SF
Price / SF$255
Days on Market309

Property Features for 227 E Caldwell Ave

General Information

Standard status Active
Size 3,900 SF
Property subtype OFFICE

Additional Details

Office Units 1
Listing Agency: Zeeb Commercial Real Estate
Listed By: Marty Zeeb
Source: Moodyscre
Added: Sep 27, 2025 Changed: Jul 30 Last Checked: Jul 31 at 1:32PM

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 Zeeb Commercial Real Estate

Investment Insights

Based on property information with market context.

New construction office suite with approximately 3,900 SF remaining of a larger building and one available suite. The space is offered as a cold shell, with tenant improvement buildout available under an NNN structure. A tenant improvement credit is referenced for buildout planning, and build-to-suit options are available.

The opportunity is located at 227 E Caldwell Ave in Visalia, CA 93277. Plans are available upon request to help evaluate layout and fit for the intended office use.

Medical use is also available, giving flexibility for qualified professional and healthcare tenants looking for a space that can be built to their specific requirements.

Key Highlights

  • Approximately 3,900 SF of new construction space remaining
  • One available office suite
  • Offered as a cold shell with tenant improvement buildout

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $103.0k $26.40
− Vacancy −$20.7k −$5.31
EGI $82.3k $21.09
− OpEx −$20.6k −$5.27
NOI $61.7k $15.82
3,900 SF · lease $26.40/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use
Office B
$881.4K
$771.2K – $1.03M (±1% cap)
NOI $61,699 @ 7.0% cap · market cap 6.20%
Second Best
Healthcare Medical
$722.1K
$631.8K – $842.4K (±1% cap)
NOI $50,544 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.07M
$934.8K – $1.25M (±1% cap)
NOI $74,786 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Repair Shop Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

202
Businesses Nearby

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - New construction cold shell office suite with NNN structure and space available for build-to-suit tenant improvements.
Where is this office building located?
The property is located at 227 E Caldwell Ave Visalia, CA.
What is the asking price?
The asking price for this property is $994,500.
What are key features of this property?
This property features: Approximately 3,900 SF of new construction space remaining; One available office suite; Offered as a cold shell with tenant improvement buildout
(559) 625-2128 Call to check price and availability
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