Automotive Repair Shop with Drive-In
For Sale
$849,000
727 E Center Avenue, Visalia, CA 93292
Commercial Sale, Visalia, CA
Property Size7,500 SF
Lot Size0.18 Acres
Price / SF$113.20
Days on Market328
Property Features for 727 E Center Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
From Mineral King Ave, North on Santa Fe St, East on Center St, property is on the Corner of Center St and Liberty.
Subdivision
Visalia NE
Standard status
Active
APN
094232005000
Size
7,500 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private offices
storage rooms
mezzanine storage
bathrooms
air compressor
evaporative coolers
gas heaters
roll-up doors
Building Details
Year built
1971
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
The Equity Group
(559) 732-8800
Listed By:
Jason D Ritchie · License #01948820
(559) 343-3049
Added: Nov 5, 2025
Changed: Sep 15
Last Checked: Sep 29 at 4:06AM
MLS# 238241
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.
Investment Insights
Based on property information with market context.
This 7,500-square-foot automotive shop is configured for repair, collision work, and other light industrial operations. The layout includes two private offices, three dedicated storage rooms, additional mezzanine storage above the office area, and two bathrooms. Two large drive-in doors support vehicle and equipment access. The shop is fully plumbed for air and includes an air compressor with multiple outlets. Evaporative coolers serve the shop area, while gas heaters provide heating. Concrete flooring, metal siding, and a metal roof are part of the facility’s construction. Built in 1971, the property occupies 0.18 acres and has public water and public sewer service.
Located at 727 E Center Avenue in Visalia, California, the property provides a dedicated setting for automotive repair, body shop, service, or light manufacturing operations.
Located at 727 E Center Avenue in Visalia, California, the property provides a dedicated setting for automotive repair, body shop, service, or light manufacturing operations.
Key Highlights
- 7,500‑square‑foot automotive shop on 0.18 acres
- Two large drive‑in doors for vehicle and equipment access
- Two private offices, three storage rooms, and mezzanine storage
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
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,881
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
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- Valley Diesel Repair & Roadservice — 702 S Bridge St, Visalia, CA 93277
- Giant Chevrolet Service — 1001 S Ben Maddox Way, Visalia, CA 93292
- Visalia Toyota Service Center — 922 S Ben Maddox Way, Visalia, CA 93292
Frequently Asked Questions
What type of property is this?
Auto shop - Configured automotive facility with private offices, storage areas, service equipment, and vehicle access.
Where is this auto shop located?
The property is located at 727 E 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: 7,500‑square‑foot automotive shop on 0.18 acres; Two large drive‑in doors for vehicle and equipment access; Two private offices, three storage rooms, and mezzanine storage
