Service Commercial Shop with
For Sale
$1,000,000
507-505 N Burke Street, Visalia, CA 93292
Freestanding service shop with storefront showroom, roll-up access, and fenced paved yard on a 20,000 sf lot.
Property Size6,400 SF
Price / SF$156.25
Days on Market202
Property Features for 507-505 N Burke Street
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
6
Occupancy
100%
Additional Details
Business Included
Yes
Fenced Yard
Yes
Drive-In Doors
8
Building Details
Tenancy
Multi
Listing Agency:
Zeeb Commercial Real Estate
(559) 625-2128
Listed By:
Martin Zeeb
(559) 625-2128
Source:
Exprealty
Added: Feb 1
Changed: Aug 20
Last Checked: Aug 21 at 11:18AM
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 building offers a storefront showroom/office component and a secured service yard. The property totals approximately 6,400 sf and includes three roll-up doors toward the rear, plus a fenced, paved yard area. The layout also supports separation into two suites, with a shared fence and gated yard elements servicing the shop areas.
The building sits on a 20,000 sf lot with six parking stalls in front off Burke St. Additional parking is available in the rear yard, supporting both customer access to the storefront and vehicle access for service operations.
The building is currently fully leased across two service commercial units. Unit 505 N Burke is approximately 4,000 sf and is leased to a muffler shop on a long-term lease; its shop area has four roll-up doors, along with an estimated 1,380 sf showroom/office that connects to the shared fence and gated yard. Unit 507 N Burke is approximately 2,400 sf and operates as a flooring co. showroom and shop, with one roll-up door included for service access. The property’s functional shop-plus-frontage configuration can fit automotive or specialty service tenants seeking on-site yard storage and multiple vehicle entries.
The building sits on a 20,000 sf lot with six parking stalls in front off Burke St. Additional parking is available in the rear yard, supporting both customer access to the storefront and vehicle access for service operations.
The building is currently fully leased across two service commercial units. Unit 505 N Burke is approximately 4,000 sf and is leased to a muffler shop on a long-term lease; its shop area has four roll-up doors, along with an estimated 1,380 sf showroom/office that connects to the shared fence and gated yard. Unit 507 N Burke is approximately 2,400 sf and operates as a flooring co. showroom and shop, with one roll-up door included for service access. The property’s functional shop-plus-frontage configuration can fit automotive or specialty service tenants seeking on-site yard storage and multiple vehicle entries.
Key Highlights
- 6,400 SF freestanding service/commercial shop on a 20,000 SF lot with storefront showroom/office and roll‑up access
- Fully leased as 2 units: 4,000 SF (505 N Burke) leased to a muffler shop on a long‑term lease
- 505 N Burke includes shop area with 4 roll‑up doors plus approx. 1,380 SF showroom/office and shared fenced, gated yard
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
8
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,869
Businesses Nearby
139k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 37%
Leisure 20%
Home Improvements & Furnishings 1%
Regal Cinemas Visalia 10
Leisure
27,649 visits/mo
0.3 miles
Bank of America
Shops & Services
20,871 visits/mo
0.4 miles
Chase Bank
Shops & Services
18,433 visits/mo
0.5 miles
Burger King
Dining
15,228 visits/mo
0.5 miles
SONIC Drive In
Dining
10,062 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Giant Chevrolet Cadillac Service — 1001 S Ben Maddox Way, Visalia, CA 93292
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- Santa Fe Body Shop — 809 S Santa Fe St, Visalia, CA 93277
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- Express Service — 830 S Ben Maddox Way, Visalia, CA 93292
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding service shop with storefront showroom, roll-up access, and fenced paved yard on a 20,000 sf lot.
Where is this auto shop located?
The property is located at 507-505 N 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 freestanding service/commercial shop on a 20,000 SF lot with storefront showroom/office and roll‑up access; Fully leased as 2 units: 4,000 SF (505 N Burke) leased to a muffler shop on a long‑term lease; 505 N Burke includes shop area with 4 roll‑up doors plus approx. 1,380 SF showroom/office and shared fenced, gated yard
