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    3247 Noble Ave Visalia, CA 93277

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Visalia retail/office suites. Multiple spaces available.

    Lot size:
    5,149 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Visalia Marketplace, situated at the prominent intersection of Demaree Street and Noble Avenue in Visalia, California (zip code 93277), offers exceptional retail and office space opportunities. This grocery-anchored shopping center provides high visibility and convenient access for businesses seeking a thriving location in Tulare County. Currently, three individual spaces are available, ranging in size from 1,149 square feet to 2,200 square feet, catering to a variety of business needs. The property is classified as a traditional office space within a mixed-use retail environment, making it ideal for businesses requiring both retail and office functionality or those seeking a synergistic location within a busy commercial hub. The multiple tenancy structure allows for flexibility and potential collaboration with neighboring businesses. The precise address is 3247 W Noble Ave, Visalia, CA 93277. This location provides excellent exposure to high traffic volume, ensuring maximum visibility for your business. Interested parties are encouraged to inquire about the available spaces and explore the possibilities of establishing their presence in this dynamic Visalia commercial center.

    Property Features for 3247 Noble Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,149 SF

    Unit(s) available at that property

    Space
    3533
    Size
    2,200 SF
    Rate per SF
    $18
    Space
    3537
    Size
    1,149 SF
    Rate per SF
    $18
    Space
    3111
    Size
    1,800 SF
    Rate per SF
    $24

    HighLights

    • Grocery‑anchored retail/office space available in Visalia, CA.
    • Three suites available, ranging from 1,149 to 2,200 square feet.
    • High‑visibility location at Demaree St & Noble Ave (3247 W Noble Ave, Visalia, CA 93277).
    • Mixed‑use environment ideal for retail and/or office businesses.
    • High traffic volume ensures excellent exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kmart Appliance Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.3273917
    Latitude
    36.3254643

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Visalia retail/office suites. Multiple spaces available.
    Where is this office property / space located?
    The property is located at 3247 Noble Ave Visalia, CA.
    What is the lease rate?
    The lease rate is $18-$24 SF/Yr.
    What are key features of this property?
    This property features: Grocery-anchored retail/office space available in Visalia, CA.; Three suites available, ranging from 1,149 to 2,200 square feet.; High-visibility location at Demaree St & Noble Ave (3247 W Noble Ave, Visalia, CA 93277).
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    Visalia, CA 93277
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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.

    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
    3247 Noble Ave Visalia, CA 93277
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