Automotive Service and Flex
For Sale
Contact for pricing
654 E Terra Bella Avenue, Pixley, CA 93256
Functional service bays with roll-up doors and office/showroom space support automotive and light industrial uses.
Property Size3,891 SF
Lot Size0.63 Acres
Price / SF$237.73
Days on Market64
Property Features for 654 E Terra Bella Avenue
General Information
Standard status
Active
Size
3,891 SF
Lot size
0.63 Acres
Property subtype
Office, Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
6
Service Bays
6
Building Details
Year Built
1966
Listing Agency:
Equity Group
(559) 343-3049
Listed By:
Jason Ritchie · License #CA 01948820
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 4 at 9:34AM
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 Equity Group
Investment Insights
Based on property information with market context.
This for-sale automotive and flex facility includes an office/showroom area, two restrooms, and six service bays equipped with roll-up doors. The property was formerly operated as a tire shop, and its existing layout is built for hands-on service work and day-to-day operations. Outdoors, the site is fenced and sized to support vehicle storage, equipment parking, and general outdoor work.
The property is located directly off the State Route 99 off-ramp, providing straightforward access and visibility for customers and delivery traffic. The lot is 27,391± square feet, giving operators room to stage equipment and manage outside activity while maintaining a defined, secured perimeter.
With its combination of service-bay capacity, roll-up access, and an office/showroom component, the building can fit a range of automotive and contractor-oriented operators. In addition to automotive service and repair, the facility may also work for equipment repair, industrial/warehouse activity, or other commercial uses that benefit from multiple roll-up bays and practical office space. Existing improvements and the fenced lot make it particularly workable for businesses that need both covered service areas and outdoor operations.
The property is located directly off the State Route 99 off-ramp, providing straightforward access and visibility for customers and delivery traffic. The lot is 27,391± square feet, giving operators room to stage equipment and manage outside activity while maintaining a defined, secured perimeter.
With its combination of service-bay capacity, roll-up access, and an office/showroom component, the building can fit a range of automotive and contractor-oriented operators. In addition to automotive service and repair, the facility may also work for equipment repair, industrial/warehouse activity, or other commercial uses that benefit from multiple roll-up bays and practical office space. Existing improvements and the fenced lot make it particularly workable for businesses that need both covered service areas and outdoor operations.
Key Highlights
- 1966‑built commercial property directly off the State Route 99 off‑ramp for convenient freeway access
- Office/showroom area plus two restrooms
- Six service bays with roll‑up doors, previously operated as a tire shop
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
$55,537
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
6.00%
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%
$1,110,740
$1.1M
Cap Rate 7%
$793,386
$793.4K
Cap Rate 9%
$617,078
$617.1K
Market Conditions
NOI Build-Up for 3,891 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
$84.0K $21.60/SF
− Vacancy
−$4.7K −$1.21/SF
EGI
$79.3K $20.39/SF
− OpEx
−$23.8K −$6.12/SF
NOI
$55.5K $14.27/SF
Area
Tulare County, 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%
$1,110,740
Cap Rate 7%
$793,386
Cap Rate 9%
$617,078
Alternative Uses
Best Use
Retail
$793.4K
$694.2K – $925.6K
NOI $55,537 @ 7.0% cap · market cap 6.00%
Second Best
Office B
$693.4K
$606.8K – $809.0K
NOI $48,540 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,732 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
6
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93256, CA
5,754
Population
1,484
Households
3.9
Avg Household Size
27
Median Age
4%
College-Educated
50%
High-School Grad
74.6 sq mi
ZIP Area
77
Density / Sq Mi
$70,878
Median Household Income
$31,349
Median Earnings
$1,207
Median Rent
$240,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional service bays with roll-up doors and office/showroom space support automotive and light industrial uses.
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: 1966‑built commercial property directly off the State Route 99 off‑ramp for convenient freeway access; Office/showroom area plus two restrooms; Six service bays with roll‑up doors, previously operated as a tire shop
