Building Details

Building Size 6,400 SF

Year Built 1972

Tenancy Multi

Listing Agency: Zeeb Commercial Real Estate

Listed By: Martin Zeeb · License #00847045 Show Phone

Source: Commercialcafe

Added: Jun 23 Changed: Oct 20 Last Checked: Oct 20 at 5:33PM

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Investment Insights

Based on property information with market context.

This fully leased service commercial property includes a 6,400± SF muffler shop with four roll-up doors. The shop is supported by approximately 1,380± SF of showroom/office space. The site also features a shared fenced and gated yard.

In addition, the property includes a 2,400± SF flooring company with a showroom and shop, including a roll-up door. The offering is located at 505 N. Burke Street in Visalia.

Key Highlights

• Fully leased service commercial property with a 6,400± SF muffler shop on a long‑term lease
• Muffler shop features 4 roll‑up doors plus 1,380± SF showroom/office space
• Shared fenced and gated yard included with the muffler shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,319

Cap Rate

6.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,266,380 $1.3M

Cap Rate 7%

$904,557 $904.6K

Cap Rate 9%

$703,544 $703.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

Gross rent

$99.8K $15.60/SF

− Vacancy

−$9.4K −$1.47/SF

EGI

$90.5K $14.13/SF

− OpEx

−$27.1K −$4.24/SF

NOI

$63.3K $9.89/SF

Area

Visalia, CA

Vacancy

9.40%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,266,380

Cap Rate 7%

$904,557

Cap Rate 9%

$703,544

Alternative Uses

Best Use

Retail

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,349 @ 7.0% cap · market cap 9.88%

Second Best

Industrial

$904.6K

$791.5K – $1.06M (±1% cap)

NOI $63,319 @ 7.0% cap · market cap 6.85%

Theoretical Best

Office A

$1.75M

$1.53M – $2.05M (±1% cap)

NOI $122,726 @ 7.0% cap · market cap 13.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

A & L Muffler & Auto ... Auto Repair Shop Mark's upholstery Furniture & Home Goods

Suggested Use

Top Pick Electrical Service Storage Facility Locksmith Pet Store Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Fully leased service commercial featuring a 6,400± SF muffler shop with four roll-up doors, showroom/office, and fenced yard.

Where is this flex space located?

The property is located at 505 N Burke St Visalia, CA.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: Fully leased service commercial property with a 6,400± SF muffler shop on a long‑term lease; Muffler shop features 4 roll‑up doors plus 1,380± SF showroom/office space; Shared fenced and gated yard included with the muffler shop