Single-Tenant Leased Retail
For Sale
Contact for pricing
3529 W Noble Ave, Visalia, CA 93277
Single-tenant NNN leased retail building currently occupied by Dollar Tree.
Property Size10,500 SF
Price / SF$183.77
Days on Market150
Property Features for 3529 W Noble Ave
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Lease Type
NN
Net Operating Income
$130,249
Building Details
Year Built
2016
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Andy Sabherwal · License #CA 01238374
Source:
Crexi
Added: Apr 10
Changed: Sep 4
Last Checked: Sep 4 at 8:37AM
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 Matthews
Investment Insights
Based on property information with market context.
This 10,500 square foot single-tenant NNN leased retail building is offered for sale. The property is occupied by Dollar Tree under a current lease.
The asset is located at 3529 W. Noble Avenue in Visalia, California.
As a single-tenant, NNN structure leased to Dollar Tree, the offering provides a retail investment configuration centered on one operating tenant.
The asset is located at 3529 W. Noble Avenue in Visalia, California.
As a single-tenant, NNN structure leased to Dollar Tree, the offering provides a retail investment configuration centered on one operating tenant.
Key Highlights
- 10,500 SF single‑tenant NNN leased retail building in Visalia, CA
- Currently occupied by Dollar Tree under the existing lease
- NNN leased retail property with single tenant occupancy
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
$149,869
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
7.77%
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%
$2,997,380
$3.0M
Cap Rate 7%
$2,140,986
$2.1M
Cap Rate 9%
$1,665,211
$1.7M
Market Conditions
NOI Build-Up for 10,500 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
$226.8K $21.60/SF
− Vacancy
−$12.7K −$1.21/SF
EGI
$214.1K $20.39/SF
− OpEx
−$64.2K −$6.12/SF
NOI
$149.9K $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%
$2,997,380
Cap Rate 7%
$2,140,986
Cap Rate 9%
$1,665,211
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.50M
NOI $149,869 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,348 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
ARCO
Shops & Services
30,875 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,431 visits/mo
0.4 miles
AMPM
Shops & Services
8,296 visits/mo
0.4 miles
Golden China
Dining
4,261 visits/mo
0.4 miles
Guadalajara
Dining
2,947 visits/mo
0.4 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?
Retail space - Single-tenant NNN leased retail building currently occupied by Dollar Tree.
Where is this retail space located?
The property is located at 3529 W Noble Ave Visalia, CA.
What is the asking price?
The asking price for this property is $1,929,626.
What are key features of this property?
This property features: 10,500 SF single‑tenant NNN leased retail building in Visalia, CA; Currently occupied by Dollar Tree under the existing lease; NNN leased retail property with single tenant occupancy
