Commercial Office Site For
144 S Neeley Street NW, Visalia, CA 93291
Commercial office site suitable for small to medium office suite.
Type:Office
Property size:
1,000 SFLot size:
0.41 AcresPrice / SF:
$249/SF- Added:
- Jan 1, 2024
- Days on Market:
- 880
- Last Refresh:
- May 13 at 8:34 pm
Property Features for 144 S Neeley Street NW
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 0.41 Acres
- Property subtype
- Office
Listing agent Valley Real Estate
Listing office (559) 907-0023
Listing date Jan 1, 2024
Source Xome
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 Valley Real Estate
HighLights
- Prime commercial location across from Visalia BMW and near 'The Square at Plaza Drive' development.
- Large 17,940 sq ft total lot size.
- Zoning: BRP (Business Research Park) - suitable for commercial use.
- Potential for onsite parking.
- Includes a 1,000 sq ft building that may be incorporated into office improvements.
- Guest Facilities: 3
Overview
This commercial office site is suitable for a small to medium-sized office suite, with room for on-site parking. A 1,000 square foot building exists on the 17,820 square foot parcel, which may be incorporated into office improvements. An additional 120 square foot well site parcel is included, bringing the total area to 17,940 square feet. The building was previously used for weekly meetings. The property is located across the street from the Visalia BMW dealership and just outside the new Plaza Drive development called 'The Square at Plaza Drive'. This parcel is a suitable site for a thriving business.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $26.40 |
| − Vacancy | −$5.3k | −$5.31 |
| EGI | $21.1k | $21.09 |
| − OpEx | −$5.3k | −$5.27 |
| NOI | $15.8k | $15.82 |
1,000 SF · lease $26.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$226.0K
$197.8K – $263.7K
NOI $15,820 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.9K
$239.7K – $319.6K
NOI $19,176 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.37
- Latitude
- 36.3862
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Commercial office site suitable for small to medium office suite.
Where is this office units located?
The property is located at 144 S Neeley Street NW Visalia, CA.
What is the asking price?
The asking price for this property is $249,950.
What are key features of this property?
This property features: Prime commercial location across from Visalia BMW and near 'The Square at Plaza Drive' development.; Large 17,940 sq ft total lot size.; Zoning: BRP (Business Research Park) - suitable for commercial use.
