Remodeled Restaurant
For Sale
$499,000
316 Court Street, Visalia, CA 93291
Updated interior with indoor and outdoor dining areas, central air, and on-site customer parking.
Property Size1,189 SF
Price / SF$419.68
Days on Market15
Property Features for 316 Court Street
General Information
Standard status
Active
Size
1,189 SF
Property subtype
General Commercial
Amenities
Central Air
84x61.87
Building Details
Year Built
1948
Listing Agency:
KW Venture
(559) 741-3924
Listed By:
Ignacio Villanueva
(559) 741-3924
Source:
Xome
Added: Jul 26
Changed: Aug 9
Last Checked: Aug 9 at 5:35AM
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 KW Venture
Investment Insights
Based on property information with market context.
This 1,189-square-foot restaurant building has been remodeled with an updated interior, central air, and space for both indoor and outdoor dining. The property includes on-site parking and occupies a 5,181-square-foot lot, offering a compact commercial footprint for restaurant operations.
Built in 1948, the property is located at 316 Court Street in downtown Visalia, near Main Street and surrounding eateries. Its existing restaurant configuration and completed remodeling provide a functional starting point for a food-service concept seeking a presence in the area.
Built in 1948, the property is located at 316 Court Street in downtown Visalia, near Main Street and surrounding eateries. Its existing restaurant configuration and completed remodeling provide a functional starting point for a food-service concept seeking a presence in the area.
Key Highlights
- 1,189‑square‑foot restaurant building on a 5,181‑square‑foot lot
- Remodeled interior with central air
- Indoor and outdoor dining areas
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
$18,183
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
3.64%
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%
$363,660
$363.7K
Cap Rate 7%
$259,757
$259.8K
Cap Rate 9%
$202,033
$202.0K
Market Conditions
NOI Build-Up for 1,189 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
$25.7K $21.60/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$24.2K $20.39/SF
− OpEx
−$6.1K −$5.10/SF
NOI
$18.2K $15.29/SF
Area
Visalia, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$363,660
Cap Rate 7%
$259,757
Cap Rate 9%
$202,033
Alternative Uses
Best Use
Specialty Retail
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.7K
$285.0K – $380.0K
NOI $22,800 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,285
Businesses Nearby
172k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
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
0.4 miles
Wells Fargo
Shops & Services
23,152 visits/mo
0.3 miles
Bank of America
Shops & Services
20,871 visits/mo
0.2 miles
Chase Bank
Shops & Services
18,433 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated interior with indoor and outdoor dining areas, central air, and on-site customer parking.
Where is this conventional restaurant located?
The property is located at 316 Court Street Visalia, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,189‑square‑foot restaurant building on a 5,181‑square‑foot lot; Remodeled interior with central air; Indoor and outdoor dining areas
