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 Market661
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
(916) 704-9341
Listed By:
Daniel Mueller · License #CA
Source:
Crexi
Added: Nov 7, 2024
Changed: Aug 26
Last Checked: Aug 29 at 8:27AM
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 = 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
$73,995
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
3.44%
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%
$1,479,900
$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
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
$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 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%
$1,479,900
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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
