Signalized Intersection Strip
For Sale
Contact for pricing
3221-3229 S Mooney Blvd, Visalia, CA 93277
Retail property positioned along the Mooney Boulevard corridor with Bed Bath & Beyond, Marshalls, Hobby Lobby, and Regal Cinemas nearby.
Property Size4,150 SF
Price / SF$337.35
Days on Market1339
Property Features for 3221-3229 S Mooney Blvd
General Information
Standard status
Active
Size
4,150 SF
Property subtype
RETAIL
Site & Location
Anchor Co-Tenants
bed bath & beyond, marshalls, hobby lobby, regal cinemas
Traffic Count
95,850 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Retail California Commercial Real Estate
(559) 256-1700
Listed By:
Nick Frechou · License #01887999
(559) 447-6266
Source:
Moodyscre
Added: Jan 24, 2023
Changed: Sep 9
Last Checked: Sep 22 at 10:15PM
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 Retail California Commercial Real Estate
Investment Insights
Based on property information with market context.
This 4,150-square-foot strip mall property is located at 3221-3229 S Mooney Blvd in Visalia, California. The property sits at a signalized intersection along the Mooney Boulevard retail corridor, providing a clearly identified retail setting for commercial users.
The surrounding retail environment includes Bed Bath & Beyond, Marshalls, Hobby Lobby, and Regal Cinemas, along with additional retailers and entertainment uses. The intersection is reported at approximately 95,850± average daily traffic, adding measurable exposure to the property’s corridor location.
The surrounding retail environment includes Bed Bath & Beyond, Marshalls, Hobby Lobby, and Regal Cinemas, along with additional retailers and entertainment uses. The intersection is reported at approximately 95,850± average daily traffic, adding measurable exposure to the property’s corridor location.
Key Highlights
- 4,150‑square‑foot strip mall property
- Signalized intersection location
- Approximately 95,850± ADT
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
$59,234
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
4.23%
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%
$1,184,680
$1.2M
Cap Rate 7%
$846,200
$846.2K
Cap Rate 9%
$658,156
$658.2K
Market Conditions
NOI Build-Up for 4,150 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
$89.6K $21.60/SF
− Vacancy
−$5.0K −$1.21/SF
EGI
$84.6K $20.39/SF
− OpEx
−$25.4K −$6.12/SF
NOI
$59.2K $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%
$1,184,680
Cap Rate 7%
$846,200
Cap Rate 9%
$658,156
Alternative Uses
Best Use
Retail
$846.2K
$740.4K – $987.2K
NOI $59,234 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$994.8K – $1.33M
NOI $79,580 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
95,850 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
899k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 25%
Shops & Services 24%
Dining 19%
Superstores 14%
Walmart
Superstores
125,853 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
64,441 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
58,301 visits/mo
0.3 miles
Marshalls
Apparel
57,959 visits/mo
0.1 miles
Nordstrom Rack
Apparel
52,727 visits/mo
0.2 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?
Strip mall - Retail property positioned along the Mooney Boulevard corridor with Bed Bath & Beyond, Marshalls, Hobby Lobby, and Regal Cinemas nearby.
Where is this strip mall located?
The property is located at 3221-3229 S Mooney Blvd Visalia, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,150‑square‑foot strip mall property; Signalized intersection location; Approximately 95,850± ADT
