Four-Office Condo
For Sale
$265,000
246 East Caldwell Avenue, Visalia, CA 93277
Condominium office layout with private rooms, restrooms, and a shared lobby.
Property Size1,000 SF
Days on Market114
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Property Features for 246 East Caldwell Avenue
General Information
Standard status
Active
Size
1,000 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,000 SF
Year Built
1983
Listed By:
Kyle Rhinebeck, SIOR · License #CalDRE #00928751
(559) 696-6842
Source:
Newmarkpearson
Added: Jun 24
Changed: Oct 11
Last Checked: Oct 14 at 8:54PM
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 Kyle Rhinebeck, SIOR
Investment Insights
Based on property information with market context.
This condominium office unit at 246 East Caldwell Avenue includes four separate office rooms, two restrooms, and a lobby. The property was built in 1983 and is located in Visalia, California.
Key Highlights
- Four individual office rooms
- Two restrooms within the unit
- Lobby area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,820
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,400
$316.4K
Cap Rate 7%
$226,000
$226.0K
Cap Rate 9%
$175,778
$175.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.4K $26.40/SF
− Vacancy
−$5.3K −$5.31/SF
EGI
$21.1K $21.09/SF
− OpEx
−$5.3K −$5.27/SF
NOI
$15.8K $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 Rate 5%
$316,400
Cap Rate 7%
$226,000
Cap Rate 9%
$175,778
Alternative Uses
Best Use
Office B
$226.0K
$197.8K – $263.7K
NOI $15,820 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.9K
$239.7K – $319.6K
NOI $19,176 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
237
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Condominium office layout with private rooms, restrooms, and a shared lobby.
Where is this office units located?
The property is located at 246 East Caldwell Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Four individual office rooms; Two restrooms within the unit; Lobby area included
