NAPA Storefront
For Sale
$500,000
821 Skyline Boulevard, Avenal, CA 93204
Automotive parts operation with real estate, fixtures, equipment, and inventory included in the sale.
Property Size2,000 SF
Price / SF$250
Days on Market68
Property Features for 821 Skyline Boulevard
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Building Details
Year Built
1936
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeService
(559) 280-7049
Listed By:
Teymour Farhang · License #DRE #00625663
(559) 280-7049
Source:
Exitrealty
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 11:42PM
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 Berkshire Hathaway HomeService
Investment Insights
Based on property information with market context.
This 2000-square-foot storefront property at 821 Skyline Boulevard includes the real estate, building improvements, fixtures, equipment, and inventory associated with an established NAPA Auto Parts operation. The building was constructed in 1936, and the sale includes the physical components supporting the existing business.
An adjoining auto mechanic shop contributes rental income, adding a separate income-producing component to the property. The NAPA brand has operated for more than 90 years, providing an established automotive-parts business alongside the underlying commercial real estate.
An adjoining auto mechanic shop contributes rental income, adding a separate income-producing component to the property. The NAPA brand has operated for more than 90 years, providing an established automotive-parts business alongside the underlying commercial real estate.
Key Highlights
- Established NAPA Auto Parts business with more than 90 years of operating history
- 2000 square feet at 821 Skyline Boulevard, Avenal, CA 93204
- Sale includes real property, building improvements, fixtures, equipment, and inventory
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
$19,761
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
3.95%
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%
$395,220
$395.2K
Cap Rate 7%
$282,300
$282.3K
Cap Rate 9%
$219,567
$219.6K
Market Conditions
NOI Build-Up for 2,000 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
$30.0K $15.00/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$28.2K $14.11/SF
− OpEx
−$8.5K −$4.23/SF
NOI
$19.8K $9.88/SF
Area
Kings County, CA
Vacancy
5.90%
Lease Rate
$15.00 /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%
$395,220
Cap Rate 7%
$282,300
Cap Rate 9%
$219,567
Alternative Uses
Best Use
Retail
$282.3K
$247.0K – $329.4K
NOI $19,761 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$631.9K
$552.9K – $737.2K
NOI $44,232 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93204, CA
13,720
Population
3,085
Households
4.4
Avg Household Size
35
Median Age
4%
College-Educated
51%
High-School Grad
70.6 sq mi
ZIP Area
194
Density / Sq Mi
$52,986
Median Household Income
$30,199
Median Earnings
$1,060
Median Rent
$224,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Automotive parts operation with real estate, fixtures, equipment, and inventory included in the sale.
Where is this storefront property located?
The property is located at 821 Skyline Boulevard Avenal, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Established NAPA Auto Parts business with more than 90 years of operating history; 2000 square feet at 821 Skyline Boulevard, Avenal, CA 93204; Sale includes real property, building improvements, fixtures, equipment, and inventory
