Turnkey Automotive Repair
For Sale
$849,000
727 Center Avenue, Visalia, CA 93292
Professionally configured industrial shop includes two drive-in doors, two offices, multiple storage areas, and two restrooms.
Property Size7,500 SF
Price / SF$113.20
Days on Market305
Property Features for 727 Center Avenue
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Drive-In Doors
2
Amenities
Central Air
3
Irregular
Building Details
Year Built
1971
Listing Agency:
The Equity Group
(559) 343-3049
Listed By:
Jason Ritchie · License #01948820
(559) 343-3049
Source:
Xome
Added: Oct 14, 2025
Changed: Aug 12
Last Checked: Aug 14 at 4:04AM
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 The Equity Group
Investment Insights
Based on property information with market context.
This well-maintained industrial facility is professionally configured for automotive and collision repair, with a practical layout for light operations. The space includes two private offices, three dedicated storage rooms, and additional mezzanine storage above the office area. Two bathrooms support day-to-day operations.
The shop is set up for vehicle work with two large roll-up, drive-in doors for easy access for vehicles and equipment. The building is also fully plumbed for air and includes an air compressor with multiple outlets. Climate control is provided through evaporative coolers in the shop area and gas heaters for year-round comfort.
The property is described as turnkey and ready to support automotive repair, body shop, or service uses, with the primary shop configuration and supporting office and storage improvements already in place.
The shop is set up for vehicle work with two large roll-up, drive-in doors for easy access for vehicles and equipment. The building is also fully plumbed for air and includes an air compressor with multiple outlets. Climate control is provided through evaporative coolers in the shop area and gas heaters for year-round comfort.
The property is described as turnkey and ready to support automotive repair, body shop, or service uses, with the primary shop configuration and supporting office and storage improvements already in place.
Key Highlights
- Professionally configured automotive/industrial/light manufacturing shop with office, storage, and two bathrooms
- Two large drive‑in (roll‑up) doors for easy access to the shop area
- Includes two private offices plus three dedicated storage rooms and additional mezzanine storage above the office area
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
$74,201
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
8.74%
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%
$1,484,020
$1.5M
Cap Rate 7%
$1,060,014
$1.1M
Cap Rate 9%
$824,456
$824.5K
Market Conditions
NOI Build-Up for 7,500 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
$117.0K $15.60/SF
− Vacancy
−$11.0K −$1.47/SF
EGI
$106.0K $14.13/SF
− OpEx
−$31.8K −$4.24/SF
NOI
$74.2K $9.89/SF
Area
Visalia, CA
Vacancy
9.40%
Lease Rate
$15.60 /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%
$1,484,020
Cap Rate 7%
$1,060,014
Cap Rate 9%
$824,456
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 12.61%
Second Best
Industrial
$1.06M
$927.5K – $1.24M
NOI $74,201 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,820 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,861
Businesses Nearby
79k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 32%
Dining 31%
Hotels & Casinos 1%
Smart & Final
Groceries
24,826 visits/mo
0.2 miles
Wells Fargo
Shops & Services
23,152 visits/mo
0.3 miles
Starbucks
Dining
9,169 visits/mo
0.5 miles
El Tarasco
Dining
8,599 visits/mo
0.4 miles
Taco Shack
Dining
5,217 visits/mo
0.5 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
- Masters Paint & Body — 730 S Bridge St, Visalia, CA 93277
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- Five Stars Auto Body Shop — 803 S Santa Fe St, Visalia, CA 93277
- Valley Diesel Repair & Roadservice — 702 S Bridge St, Visalia, CA 93277
Frequently Asked Questions
What type of property is this?
Auto shop - Professionally configured industrial shop includes two drive-in doors, two offices, multiple storage areas, and two restrooms.
Where is this auto shop located?
The property is located at 727 Center Avenue Visalia, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Professionally configured automotive/industrial/light manufacturing shop with office, storage, and two bathrooms; Two large drive‑in (roll‑up) doors for easy access to the shop area; Includes two private offices plus three dedicated storage rooms and additional mezzanine storage above the office area
