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    Automotive Service and Storage Facility Title is generated by Realmo AI

    654 E Terra Bella Avenue, Pixley, CA 93256

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    Claim this Listing
    New
    For Sale
    $925,000

    COMMERCIAL - Pixley, CA

    Property size:
    3,891 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $237/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 654 E Terra Bella Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 2, Laundry Room, Bathroom 1
    Security features
    Security System
    Appliances
    Exhaust Fan, Water Heater
    Standard status
    Active
    APN
    299131029000
    Size
    3,891 SF
    Lot size
    0.63 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1966
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Jason D Ritchie
    Jason D Ritchie

    Listing agent Jason D Ritchie License #01948820

    Listing office The Equity Group 420 N Court St., Visalia, CA

    Listing date Jun 5, 2026

    MLS# 242145

    Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial property directly off the State Route 99 off‑ramp for convenient freeway access
    • Office/showroom area plus two restrooms
    • 6 service bays with roll‑up doors
    • Fenced 27,391+/- SF lot for vehicle storage, equipment parking, and outdoor operations
    • Public water and public sewer; roof is rolled hot mop
    • Year built 1966; central air and ceiling fans, with space heater and an exhaust fan

    Overview

    This property is a versatile automotive-oriented facility that includes an office/showroom area, two restrooms, and six service bays, each with a roll-up door. The site is built on a fenced lot, providing space suitable for vehicle storage, equipment parking, and outdoor operations. It was formerly operated as a tire shop, and the existing configuration supports a range of service and industrial uses.

    The property is located directly off the State Route 99 off-ramp in Pixley, CA, with convenient access designed for customers and service vehicles. Its placement near major roadway connections supports efficient arrival and movement for everyday operations.

    For operators, the combination of office/showroom space and multiple covered service bays can support truck and equipment service, repair operations, contractor-related work, or related warehousing and industrial uses. The fenced outdoor area adds practicality for teams that need to stage vehicles or equipment as part of daily workflow.

    Local Financial Insights For 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 $84.0k $21.60
    − Vacancy −$4.7k −$1.21
    EGI $79.3k $20.39
    − OpEx −$23.8k −$6.12
    NOI $55.5k $14.27
    3,891 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $793.4K
    $694.2K – $925.6K (±1% cap)
    NOI $55,537 @ 7.0% cap · market cap 6.00%
    Second Best
    Office B
    $693.4K
    $606.8K – $809.0K (±1% cap)
    NOI $48,540 @ 7.0% cap · market cap 5.25%
    Theoretical Best
    Specialty Retail
    $1.18M
    $1.03M – $1.38M (±1% cap)
    NOI $82,732 @ 7.0% cap · market cap 8.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    R&O Pit Stop ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pixley
    County
    Tulare
    State
    California
    Longitude
    -119.288875
    Latitude
    35.964641

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    • $1,475,000
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    FAQs

    What type of property is this?
    Flex space - Functional flex/industrial setup with office space and multiple roll-up service bays on a fenced lot.
    Where is this flex space located?
    The property is located at 654 E Terra Bella Avenue Pixley, 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: Commercial property directly off the State Route 99 off‑ramp for convenient freeway access; Office/showroom area plus two restrooms; 6 service bays with roll‑up doors
    (559) 343-3049
    We can help!
    Listing Contact
    Jason D Ritchie
    Jason D Ritchie
    Real Estate License ID: 01948820
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    654 E Terra Bella Avenue, Pixley, CA 93256
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