Rancho Viejo Shopping
5223 W Walnut Ave, Visalia, CA 93277
For Sale
Contact for pricing
Commercially zoned center with flexible space, on-site parking, and convenient access to primary roads.
Property Size8,161 SF
Price / SF$379.86
Days on Market98
Property Features for 5223 W Walnut Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Casey & Associates
Listed By:
Vicky Casey · License #02093208
Source:
Crexi
Added: Aug 4
Changed: Oct 28
Last Checked: Nov 8 at 7:19AM
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 Casey & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Rancho Viejo is an 8,161-square-foot shopping center built in 1999 and zoned Commercial. The property offers a versatile interior configuration that can accommodate retail, restaurant, and office uses, with on-site parking supporting customer and client access.
Located at 5223 W Walnut Ave in Visalia, the center provides access to main roads within Tulare County’s Central Valley community. The property also includes ocean views, adding a distinctive physical feature to the site.
Located at 5223 W Walnut Ave in Visalia, the center provides access to main roads within Tulare County’s Central Valley community. The property also includes ocean views, adding a distinctive physical feature to the site.
Key Highlights
- 8,161‑square‑foot shopping center
- Built in 1999
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,484
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,329,680
$2.3M
Cap Rate 7%
$1,664,057
$1.7M
Cap Rate 9%
$1,294,267
$1.3M
Market Conditions
NOI Build-Up for 8,161 SF
Gross rent
$176.3K $21.60/SF
− Vacancy
−$9.9K −$1.21/SF
EGI
$166.4K $20.39/SF
− OpEx
−$49.9K −$6.12/SF
NOI
$116.5K $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 Rate 5%
$2,329,680
Cap Rate 7%
$1,664,057
Cap Rate 9%
$1,294,267
Alternative Uses
Best Use
Retail
$1.66M
$1.46M – $1.94M
NOI $116,484 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,495 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 32%
Shops & Services 14%
Save Mart
Groceries
27,770 visits/mo
0.1 miles
McDonald's
Dining
26,897 visits/mo
0.1 miles
Starbucks
Dining
8,389 visits/mo
0.2 miles
KFC
Dining
8,163 visits/mo
0.1 miles
Phillips 66
Shops & Services
5,044 visits/mo
0.1 miles
Demographics for 93277, CA
53,196
Population
19,434
Households
2.7
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,350
Density / Sq Mi
$79,532
Median Household Income
$43,555
Median Earnings
$1,406
Median Rent
$320,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Save Mart, 5203 W Walnut Ave, Visalia, CA 93277
Frequently Asked Questions
What type of property is this?
Shopping center - Commercially zoned center with flexible space, on-site parking, and convenient access to primary roads.
Where is this shopping center located?
The property is located at 5223 W Walnut Ave Visalia, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 8,161‑square‑foot shopping center; Built in 1999; Commercial zoning
