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    6402 Betty Dr Visalia, CA 93291

    Sponsored
    For Sale
    $2,030,000

    Prime 3.11-acre retail site, Hwy 99 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 3.11-acre parcel presents a remarkable opportunity for retail development in Visalia, California. Strategically located at the northwest corner of Betty Drive and State Highway 99, this property boasts unparalleled visibility and accessibility. Situated adjacent to a newly constructed 4,000 square foot convenience store and fuel station, this site benefits from existing utility improvements including water, power, and gas, as well as completed curb and gutter infrastructure. The property's location offers convenient access to Highway 99, providing easy connectivity to major cities such as Fresno, Clovis, and Madera. The C-2 (Commercial) zoning allows for a wide range of commercial uses, including big-box retail, fast food, fuel stations, hotels, supermarkets, and restaurants. With approximately 163,722 vehicles passing daily on Highway 99, this location guarantees high traffic volume and exceptional exposure. The property's proximity to a planned 303-home subdivision further enhances its long-term growth potential. An active sewer meter is in place, bypassing any moratoriums. This shovel-ready site, with its existing sewer connection, pre-engineered basin, and readily available utilities, is ideal for immediate development. The property includes two slots on a new 85-foot illuminated LED pylon sign. This prime location offers an unmatched level of consumer traffic and high-volume exposure, making it an exceptional investment opportunity. The asking price is $2,030,000. The APN is 075-340-030. The address is 6402 Betty Dr, Visalia, CA 93291.

    Property Features for 6402 Betty Dr

    General Information

    Property type
    Land
    Lot Size
    135,472 SF

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Learn more

    HighLights

    • Active sewer meter in place, bypassing moratoriums.
    • 3.11‑acre shovel‑ready development site.
    • Existing sewer connection.
    • Utilities (water, sewer, power) stubbed; pre‑engineered basin complete.
    • Curb, gutter, approaches, and cross access in place; utilities on‑site.
    • Alta survey and Phase I environmental report available; expedited county building jurisdiction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.428683
    Latitude
    36.3502288

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    FAQs

    What type of property is this?
    Land - Prime 3.11-acre retail site, Hwy 99 access.
    Where is this land located?
    The property is located at 6402 Betty Dr Visalia, CA.
    What is the asking price?
    The asking price for this property is $2,030,000.
    What are key features of this property?
    This property features: Active sewer meter in place, bypassing moratoriums.; 3.11-acre shovel-ready development site.; Existing sewer connection.
    (559) 705-1000
    Request Owner's contact information
    6402 Betty Dr Visalia, CA 93291
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    Visalia, CA 93291
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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
    6402 Betty Dr Visalia, CA 93291
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    We can help!
    Listing Contact
    Jared Ennis
    Jared Ennis
    Real Estate License ID: CA
    (559) 705-1000
    Learn more
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