Restaurant Building with
For Sale
$949,900
417 Center Avenue, Visalia, CA 93291
Downtown Visalia property with an existing month-to-month lease and space for an owner-user business.
Property Size5,252 SF
Price / SF$180.86
Days on Market23
Property Features for 417 Center Avenue
General Information
Standard status
Active
Size
5,252 SF
Property subtype
General Commercial
Amenities
Central Air, Ceiling Fan(s)
3
1X1
Listing Agency:
MD Graham & Associates, Inc.
(559) 901-3616
Listed By:
Joe Silva · License #01225765
(559) 901-3616
Source:
Xome
Added: Jul 28
Changed: Aug 18
Last Checked: Aug 19 at 5:45AM
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 MD Graham & Associates, Inc.
Investment Insights
Based on property information with market context.
This 5,252-square-foot restaurant building at 417 Center Avenue includes central air and ceiling fans. The property is currently subject to a month-to-month lease, providing an established occupancy arrangement while preserving flexibility for a future owner-user operation or new restaurant concept.
Located in downtown Visalia, the building is within walking distance of restaurants, financial institutions, and shopping. On-site parking is included, adding a practical feature for the property’s restaurant-oriented configuration. The building is offered for sale with its existing commercial improvements and downtown setting.
Located in downtown Visalia, the building is within walking distance of restaurants, financial institutions, and shopping. On-site parking is included, adding a practical feature for the property’s restaurant-oriented configuration. The building is offered for sale with its existing commercial improvements and downtown setting.
Key Highlights
- 5,252‑square‑foot restaurant building
- Existing month‑to‑month lease in place
- On‑site parking included
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
$80,318
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
8.46%
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%
$1,606,360
$1.6M
Cap Rate 7%
$1,147,400
$1.1M
Cap Rate 9%
$892,422
$892.4K
Market Conditions
NOI Build-Up for 5,252 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
$113.4K $21.60/SF
− Vacancy
−$6.4K −$1.21/SF
EGI
$107.1K $20.39/SF
− OpEx
−$26.8K −$5.10/SF
NOI
$80.3K $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%
$1,606,360
Cap Rate 7%
$1,147,400
Cap Rate 9%
$892,422
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,318 @ 7.0% cap · market cap 8.46%
Second Best
Retail
$1.07M
$937.0K – $1.25M
NOI $74,963 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,712 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,134
Businesses Nearby
146k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 23%
Leisure 19%
Hotels & Casinos 4%
Regal Cinemas Visalia 10
Leisure
27,649 visits/mo
0.1 miles
Wells Fargo
Shops & Services
23,152 visits/mo
0.5 miles
Bank of America
Shops & Services
20,871 visits/mo
0.2 miles
Chase Bank
Shops & Services
18,433 visits/mo
0.3 miles
STACKED
Dining
9,329 visits/mo
0.1 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 - Downtown Visalia property with an existing month-to-month lease and space for an owner-user business.
Where is this conventional restaurant located?
The property is located at 417 Center Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 5,252‑square‑foot restaurant building; Existing month‑to‑month lease in place; On‑site parking included
