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    The Largest CRE Database in the US with Over 1 Million Listings

    6140 Betty Dr Visalia, CA 93291

    Sponsored
    For Sale
    $790,000

    1.2-acre retail land, prime highway location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional 1.209-acre parcel, located at 6140 Betty Dr, Visalia, CA 93291 (APN 073-060-040), presents a remarkable commercial development opportunity. Zoned C-2 (Commercial), this shovel-ready site boasts existing utility improvements (water, power, gas), curb and gutter, and convenient access from Betty Drive. Its strategic location at the northwest corner of Betty Drive and State Highway 99 offers unparalleled visibility and accessibility, benefiting from approximately 163,722 vehicles daily traversing this major thoroughfare. The property's proximity to a newly constructed 4,000 square foot convenience store and fuel station further enhances its appeal. This high-traffic area provides easy access to major cities including Fresno, Clovis, Tulare, and Hanford. The flexible zoning allows for a variety of commercial uses, including big-box retail, fast food, hotels, medical offices, restaurants, and more. Development options include purchasing the land outright, ground leasing individual parcels, or a build-to-suit arrangement with potential for 2,500 to 30,000 square feet of retail space. The seller is open to various financing options, including seller financing. This is a rare opportunity to acquire a highly visible, easily accessible site in a rapidly growing area with significant development potential. The property is ideally situated to capitalize on the substantial traffic flow generated by Highway 99, serving as a natural resting spot for travelers and commuters.

    Property Features for 6140 Betty Dr

    General Information

    Property type
    Land
    Lot Size
    52,664 SF

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Learn more

    HighLights

    • ±1.2‑acre shovel‑ready commercial development site.
    • Existing utilities (water, power, gas), curb, gutter, and convenient Betty Drive access.
    • High‑visibility corner location at Betty Drive and Highway 99, with over 163,722 vehicles daily.
    • High‑traffic area with nearby amenities, including a new convenience store and fuel station.
    • Flexible C‑2 zoning allows for various commercial uses (retail, restaurants, hotels, etc.).
    • Development options include outright purchase, ground lease, or build‑to‑suit (2,500‑30,000 sq ft).
    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 - 1.2-acre retail land, prime highway location.
    Where is this land located?
    The property is located at 6140 Betty Dr Visalia, CA.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: ±1.2-acre shovel-ready commercial development site.; Existing utilities (water, power, gas), curb, gutter, and convenient Betty Drive access.; High-visibility corner location at Betty Drive and Highway 99, with over 163,722 vehicles daily.
    (559) 432-5533
    Request Owner's contact information
    6140 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
    6140 Betty Dr Visalia, CA 93291
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    We can help!
    Listing Contact
    Jared Ennis
    Jared Ennis
    (559) 432-5533
    Learn more
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