Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2000 Prosperity Ave Tulare, CA 93274
    Back to Search
    Property profile & analytics

    2000 Prosperity Ave Tulare, CA 93274

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2000 Prosperity Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1-acre commercial parcel, located at 2000 E Prosperity Ave, Tulare, CA 93274, presents a remarkable opportunity for retail development. Situated within the thriving "The Vineyards" shopping center, this single-tenant pad boasts a hard corner location on Solaria Street, ensuring maximum visibility and accessibility. The property is zoned C-3 and features an APN of 149-430-032-000 in Tulare County. Current neighboring businesses include established brands such as Dutch Bros Coffee and Circle K, with Valley Oak Credit Union under construction and a pending lease on an adjacent pad. The strategic location across the street from a Target, AT&T, Crumbl Cookies, and a new El Pollo Loco restaurant guarantees high foot traffic and strong consumer demographics. Phase II development plans are currently underway for The Vineyards shopping center, promising continued growth and increased value in the area. This property is ideal for a variety of retail uses, including restaurants, and represents a compelling investment opportunity in a rapidly expanding commercial corridor. The property's prime location and strong tenant mix make it an exceptional addition to any portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tulare
    County
    Tulare
    State
    California
    Longitude
    -119.316
    Latitude
    36.2261

    Comparable in this City

    • Value Estimation by Request

      W Akers Ave 256 &

      Distribution properties
      W Akers Ave 256 &, Tulare, CA 93274
      View Details
    • Value Estimation by Request
      2.95 Acres

      1849 Retherford St

      Land • 2.95 Acres
      1849 Retherford St, Tulare, CA 93274
      View Details
    • Value Estimation by Request
      1.03 Acres

      605 Bardsley Ave

      Land • 1.03 Acres
      605 Bardsley Ave, Tulare, CA 93274
      View Details
    • Value Estimation by Request
      2,800 SF

      505 Tualre Ave

      Manufacturing properties • 2,800 SF
      505 Tualre Ave, Tulare, CA 93274
      View Details
    • Value Estimation by Request
      26.79 Acres

      Retherford St

      Land • 26.79 Acres
      0 Retherford St, Tulare, CA 93274
      View Details
    • Value Estimation by Request
      4,450 SF

      16785 Monroe Rd

      Manufacturing properties • 4,450 SF
      16785 Monroe Rd, Tulare, CA 93274
      View Details

    Similar Nearby for Sale

    • $369,000
      3,745 SF

      Tulare Commercial Building For Sale

      Commercial building in Tulare, formerly a bar, for sale.
      2435 S K St, Tulare, CA 93274
      View Details
    • Contact for pricing

      Land with Highway Access

      Land near Highway 99, suitable for various crops.
      1927 E Tulare Ave, Tulare, CA 93274
      View Details
    • Contact for pricing
      Pending

      Land Available Near Highway 99

      Land on north side of Tulare, near Highway 99.
      E Cartmill Ave And M St, Tulare, CA 93274
      View Details
    • Contact for pricing
      1,450 SF

      Shell Building in Prime Location

      Shell building suitable for restaurant or retail use.
      1582 Hillman St, Tulare, CA 93274
      View Details
    • Contact for pricing

      Highway Frontage Land with Potential

      10.5 acres with structures, near Tulare, endless possibilities.
      14402 Avenue 232, Tulare, CA 93274
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease at 523 E Cartmill Ave, Tulare, CA.
      523 E Cartmill Ave, Tulare, CA 93274
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      3,250 SF

      Former Restaurant with Drive-Thru

      Restaurant space with drive-thru available for lease.
      1110 E Tulare Ave, Tulare, CA 93274
      View Details
    • Contact for pricing

      Land For Rent Tulare

      Land available for rent in Tulare, California.
      1258 Lakewood St, Tulare, CA 93274
      View Details
    • $11,500 /Mo

      Former Water Park Land Lease

      4.78 acre former water park site available for lease.
      2450 E Tulare Ave, Tulare, CA 93274
      View Details
    • Contact for pricing
      1,011 SF

      Retail Space in Village Center

      Retail space available in a busy shopping center.
      1201-1249 N Cherry St, Tulare, CA 93274
      View Details
    • Contact for pricing
      2,185 SF

      Retail Space in Tulare Pavilion

      Retail space available within the Tulare Pavilion Shopping Center.
      1531-1679 Hillman St, Tulare, CA 93274
      View Details
    • $1,080 /Mo
      2,400 SF

      Tulare Retail Space For Rent

      Retail space available in Tulare near Highway 99.
      1349-1363 E Tulare Ave, Tulare, CA 93274
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2000 Prosperity Ave
    Tulare, CA 93274
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2000 Prosperity Ave, Tulare, CA, 93274
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!