Shopping Center with High
New
For Sale
$16,671,000
5151 W Goshen Ave, Visalia, CA 93921
Shopping center with 98.46% current occupancy across 20 suites and 21 total tenants.
Property Size84,500 SF
Lot Size9.35 Acres
Price / SF$197.29
Days on Market2
Property Features for 5151 W Goshen Ave
General Information
Standard status
Active
Size
84,500 SF
Lot size
9.35 Acres
Property subtype
Commercial
Occupancy
98%
Lease Term
±2.2 YRS
Building Details
Building Size
84,500 SF
Tenancy
Multi
Listing Agency:
(858) 289-3957
Listed By:
Matt LoPiccolo · License #01835052 (CA)
(858) 289-3957
Source:
Matthews
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 2:38AM
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 Matt LoPiccolo
Investment Insights
Based on property information with market context.
This shopping center offers 84,500 square feet of gross leasable area with a mix of 21 total tenants operating across 20 suites. The property is currently 98.46% occupied, providing a predominantly leased environment for a new owner.
The property sits on 9.35 acres of land, supporting the overall retail center footprint. With a high occupancy level and an established tenant count, it may appeal to buyers looking for a stabilized retail platform within a multi-suite configuration.
For planning and operations, the center’s suite-based layout and current occupancy profile provide a straightforward basis for underwriting and tenant-level coordination.
The property sits on 9.35 acres of land, supporting the overall retail center footprint. With a high occupancy level and an established tenant count, it may appeal to buyers looking for a stabilized retail platform within a multi-suite configuration.
For planning and operations, the center’s suite-based layout and current occupancy profile provide a straightforward basis for underwriting and tenant-level coordination.
Key Highlights
- 84,500 SF gross leasable area
- 98.46% current occupancy
- 9.35 acres land area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.83M | $21.60 |
| − Vacancy | −$102.2k | −$1.21 |
| EGI | $1.72M | $20.39 |
| − OpEx | −$430.7k | −$5.10 |
| NOI | $1.29M | $15.29 |
84,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$18.46M
$16.15M – $21.54M
NOI $1,292,242 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$17.23M
$15.08M – $20.10M
NOI $1,206,092 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$23.15M
$20.25M – $27.01M
NOI $1,620,372 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
98.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93921, CA
2,956
Population
2,910
Households
1
Avg Household Size
63
Median Age
75%
College-Educated
100%
High-School Grad
1.0 sq mi
ZIP Area
2,956
Density / Sq Mi
$87,457
Median Household Income
$48,214
Median Earnings
$2,980
Median Rent
$2,000,001
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.
Similar Off Market Nearby
- Key west — 5151 W Goshen Ave, Visalia, CA 93291
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with 98.46% current occupancy across 20 suites and 21 total tenants.
Where is this shopping center located?
The property is located at 5151 W Goshen Ave Visalia, CA.
What is the asking price?
The asking price for this property is $16,671,000.
What are key features of this property?
This property features: 84,500 SF gross leasable area; 98.46% current occupancy; 9.35 acres land area
