Single-Tenant Retail Asset For
For Sale
Contact for pricing
155 S 19th Ave, Lemoore, CA 93245
High-quality retail asset built in 2018 with long-term tenant.
Property Size7,489 SF
Lot Size1.05 Acres
Price / SF$287.38
Days on Market706
Property Features for 155 S 19th Ave
General Information
Standard status
Active
Size
7,489 SF
Lot size
1.05 Acres
Property subtype
Retail
Zoning
CMU – Commercial Mixed Use
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$129,132
Building Details
Year Built
2018
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Mueller Commercial
Listed By:
Daniel Mueller · License #CA
(916) 704-9341
Source:
Crexi
Added: Nov 7, 2024
Changed: Oct 13
Last Checked: Oct 12 at 8:14PM
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 Mueller Commercial
Investment Insights
Based on property information with market context.
This is a single-tenant, triple-net leased retail asset constructed in 2018. The building features approximately 7,489 square feet of rentable retail space and is situated on approximately 1.05 acres of land. The property benefits from significant exposure and a dominant market presence. Constructed with structural steel and concrete masonry, the asset also includes fire sprinklers and a freight door for deliveries.
Key Highlights
- Single‑tenant, triple‑net leased retail asset
- Built in 2018 (relatively new construction)
- +/- 7,489 SF of rentable retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,995
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,900
$1.5M
Cap Rate 7%
$1,057,071
$1.1M
Cap Rate 9%
$822,167
$822.2K
Market Conditions
NOI Build-Up for 7,489 SF
Gross rent
$112.3K $15.00/SF
− Vacancy
−$6.6K −$0.89/SF
EGI
$105.7K $14.11/SF
− OpEx
−$31.7K −$4.23/SF
NOI
$74.0K $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 Rate 5%
$1,479,900
Cap Rate 7%
$1,057,071
Cap Rate 9%
$822,167
Alternative Uses
Best Use
Retail
$1.06M
$924.9K – $1.23M
NOI $73,995 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.37M
$2.07M – $2.76M
NOI $165,625 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Groceries 33%
Best Buy Market IGA
Groceries
15,333 visits/mo
0.1 miles
Dollar General
Shops & Services
10,338 visits/mo
0.1 miles
AMPM
Shops & Services
10,145 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,564 visits/mo
0.5 miles
H&R Block
Shops & Services
739 visits/mo
0.1 miles
Demographics for 93245, CA
38,045
Population
12,995
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
84%
High-School Grad
118.9 sq mi
ZIP Area
320
Density / Sq Mi
$78,181
Median Household Income
$40,279
Median Earnings
$1,470
Median Rent
$324,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - High-quality retail asset built in 2018 with long-term tenant.
Where is this retail space located?
The property is located at 155 S 19th Ave Lemoore, CA.
What is the asking price?
The asking price for this property is $2,152,200.
What are key features of this property?
This property features: Single‑tenant, triple‑net leased retail asset; Built in 2018 (relatively new construction); +/- 7,489 SF of rentable retail space
