Service Commercial Flex
For Sale
$1,000,000
505 Burke Street, Visalia, CA 93292
Service commercial building offers storefront showroom/office space plus rear fenced paved yard and multiple roll-up doors.
Property Size6,400 SF
Lot Size0.46 Acres
Price / SF$156.25
Days on Market223
Property Features for 505 Burke Street
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
6
Lot size
0.46 Acres
Property subtype
Industrial
Occupancy
100%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
Central Air, Evaporative
3
Asphalt.
100'x200'
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
(559) 625-2128
Listed By:
Zeeb Commercial Real Estate
(559) 625-2128
Source:
Xome
Added: Jan 10
Changed: Aug 12
Last Checked: Aug 20 at 4:06AM
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 Zeeb Commercial Real Estate
Investment Insights
Based on property information with market context.
This service commercial flex property includes storefront showroom or office space and shop areas configured with multiple roll-up doors. The building is described as containing approximately 6,400 square feet and is arranged to support separate suites, with 2 units currently leased. One unit is noted as leased to a muffler shop on a long-term lease, and the other unit is described as a flooring company with its own showroom and shop area, including a roll-up door.
The property sits on a 20,000 square foot lot with six parking stalls in front and additional parking available in the rear yard. A fenced paved yard is included and shared/gated yard arrangements are referenced for the showroom/office portion.
The overall configuration combines customer-facing storefront space with back-of-house shop access, supported by three roll-up doors in the rear and fencing that helps define outdoor work areas.
The property sits on a 20,000 square foot lot with six parking stalls in front and additional parking available in the rear yard. A fenced paved yard is included and shared/gated yard arrangements are referenced for the showroom/office portion.
The overall configuration combines customer-facing storefront space with back-of-house shop access, supported by three roll-up doors in the rear and fencing that helps define outdoor work areas.
Key Highlights
- 6,400 SF service commercial shop with storefront showroom/office space plus rear fenced paved yard
- Multiple roll‑up doors: 3 roll‑up doors in back, including 4 roll‑up doors serving the shop area
- Two fully leased units: 505 N Burke (4,000 SF) muffler shop and 507 N Burke (2,400 SF) flooring co.
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
$91,349
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
9.13%
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%
$1,826,980
$1.8M
Cap Rate 7%
$1,304,986
$1.3M
Cap Rate 9%
$1,014,989
$1.0M
Market Conditions
NOI Build-Up for 6,400 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
$138.2K $21.60/SF
− Vacancy
−$7.7K −$1.21/SF
EGI
$130.5K $20.39/SF
− OpEx
−$39.1K −$6.12/SF
NOI
$91.3K $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%
$1,826,980
Cap Rate 7%
$1,304,986
Cap Rate 9%
$1,014,989
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,349 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$904.6K
$791.5K – $1.06M
NOI $63,319 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,726 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,869
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93292, CA
43,316
Population
15,028
Households
2.9
Avg Household Size
34
Median Age
18%
College-Educated
84%
High-School Grad
114.7 sq mi
ZIP Area
378
Density / Sq Mi
$80,784
Median Household Income
$40,834
Median Earnings
$1,418
Median Rent
$330,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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- Lake Bottom Brewery & Distillery — 105 E Main St, Visalia, CA 93291
- Catering With Noel — 602 S Bridge St, Visalia, CA 93277
Frequently Asked Questions
What type of property is this?
Flex space - Service commercial building offers storefront showroom/office space plus rear fenced paved yard and multiple roll-up doors.
Where is this flex space located?
The property is located at 505 Burke Street Visalia, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 6,400 SF service commercial shop with storefront showroom/office space plus rear fenced paved yard; Multiple roll‑up doors: 3 roll‑up doors in back, including 4 roll‑up doors serving the shop area; Two fully leased units: 505 N Burke (4,000 SF) muffler shop and 507 N Burke (2,400 SF) flooring co.
