Historic Restaurant Building For
For Sale
Contact for pricing
417 E Center Ave, Visalia, CA
Historic restaurant building in downtown Visalia with on-site parking.
Property Size5,477 SF
Lot Size0.45 Acres
Price / SF$200.84
Days on Market414
Property Features for 417 E Center Ave
General Information
Standard status
Active
Size
5,477 SF
Lot size
0.45 Acres
Property subtype
RETAIL
Listing Agency:
Graham & Associates
(559) 754-3020
Listed By:
Joe Silva · License #01225765
Source:
Moodyscre
Added: Jul 15, 2025
Changed: Jul 6
Last Checked: Aug 30 at 11:06PM
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 Graham & Associates
Investment Insights
Based on property information with market context.
This historic restaurant building, formerly Lum Lum’s Restaurant and Hong Kong Restaurant, is available for purchase. The property is located in downtown Visalia and features on-site parking. The building is currently under a month-to-month lease. The 5477-square-foot building is within walking distance of downtown restaurants, financial institutions, and shopping, making it a potentially suitable location for establishing a new business.
Key Highlights
- Primely located historic restaurant building in downtown Visalia.
- Incredibly desirable on‑site parking.
- Walking distance to downtown restaurants, financial institutions, and shopping.
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
$83,759
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
7.61%
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%
$1,675,180
$1.7M
Cap Rate 7%
$1,196,557
$1.2M
Cap Rate 9%
$930,656
$930.7K
Market Conditions
NOI Build-Up for 5,477 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
$118.3K $21.60/SF
− Vacancy
−$6.6K −$1.21/SF
EGI
$111.7K $20.39/SF
− OpEx
−$27.9K −$5.10/SF
NOI
$83.8K $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%
$1,675,180
Cap Rate 7%
$1,196,557
Cap Rate 9%
$930,656
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,759 @ 7.0% cap · market cap 7.61%
Second Best
Retail
$1.12M
$977.2K – $1.30M
NOI $78,175 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,027 @ 7.0% cap · market cap 9.55%
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
Well-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Catering With Noel — 602 S Bridge St, Visalia, CA 93277
- The Painted Table — 525 W Main St Suite 120-1091, Visalia, CA 93291
- Lake Bottom Brewery & Distillery — 105 E Main St, Visalia, CA 93291
- The Collective Catering — 916 W Oak Ave A, Visalia, CA 93291
- Precision Prep — 625 W Murray Ave, Visalia, CA 93291
Frequently Asked Questions
What type of property is this?
Restaurant - Historic restaurant building in downtown Visalia with on-site parking.
Where is this restaurant located?
The property is located at 417 E Center Ave Visalia, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Primely located historic restaurant building in downtown Visalia.; Incredibly desirable on‑site parking.; Walking distance to downtown restaurants, financial institutions, and shopping.
