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    6120 Betty Dr Visalia, CA 93291

    • Retail properties
    • 1.03 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 6120 Betty Dr

    Lot size
    1.03 lot acres
    Property type
    Retail properties
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.429
    Latitude
    36.3502

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      6170 Betty Dr

      Land • 1.55 Acres
      6170 Betty Dr, Visalia, CA 93291
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      1.14 Acres

      6180 Betty Dr

      Land • 1.14 Acres
      6180 Betty Dr, Visalia, CA 93291
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      1.14 Acres

      6190 Betty Dr

      Land • 1.14 Acres
      6190 Betty Dr, Visalia, CA 93291
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    • Value Estimation by Request
      3.11 Acres

      6402 Betty Dr

      Land • 3.11 Acres
      6402 Betty Dr, Visalia, CA 93291
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    • Value Estimation by Request
      850,000.00 Acres

      6110 Betty Dr

      Land • 850,000.00 Acres
      6110 Betty Dr, Visalia, CA 93291
      View Details
    • Value Estimation by Request

      6401 Betty Dr

      Land
      6401 Betty Dr, Goshen, CA 93291
      View Details

    Similar Nearby for Sale

    • $1,180,000
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      Visalia Retail Land Investment

      1.55-acre retail land, prime highway location.
      6170 Betty Dr, Visalia, CA 93291
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    • $990,000
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      Visalia Retail Land Opportunity

      1.136 Acres, C-2 Zoning, High Traffic
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    • $790,000
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    • $2,030,000
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      Visalia Retail Land Investment

      Prime 3.11-acre retail site, Hwy 99 access.
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    • $1,484,959
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      Visalia Highway 99 Commercial Land

      12 Acres, Shovel-Ready Development, Hwy 99
      6400 Betty Dr, Visalia, CA 93291
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    • $1,485,000

      Visalia Retail Land Investment

      Shovel-ready land, prime highway location.
      6401 Betty Dr, Goshen, CA 93291
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    Similar Nearby for Lease

    • $36 SF/Yr
      5,000 SF

      New Visalia Retail Pad Sites

      High-growth area, spaces available Q4 2024
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      Prime Visalia location, multiple suites available
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      3,022 SF

      Retail Space Available in Visalia

      Retail property available for lease, totaling 3,022 square feet.
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      50,000 SF

      Visalia Retail Space Available

      50000 square feet of retail space for lease.
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      11,148 SF

      Retail Space Available For Lease

      Retail property available for lease with 11,148 square feet.
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    • $2 SF/Yr
      40,750 SF

      New Retail/Office Space Available

      Ground floor retail and office space in rapidly growing area.
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    6120 Betty Dr
    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
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