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    OFF-MARKET
    Land

    0 Houston Ave, Visalia, CA 93292

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    AI-generated overview

    This exceptional 23,958 square foot commercial land parcel presents a remarkable investment opportunity in Visalia, California. Located on Houston Avenue, between Ben Maddox Avenue and Cain Street, this property is ideally situated next to a FoodMaxx and a planned 16,800 square foot Class A medical office building. The site's Neighborhood Commercial zoning allows for a variety of uses, making it perfect for quick-service restaurants (QSRs), kiosks, drive-thrus, or ATMs. This parcel is part of a larger master-planned development, including two parcels zoned for medium-density multifamily housing and another commercial lot. The strategic location offers excellent visibility and accessibility, with convenient access to Highway 198. The area boasts a strong retail presence, including nearby FoodMaxx, Jack in the Box, Me-N-Ed's Pizza, Rent-A-Center, Domino's, Subway, and O'Reilly Auto Parts. The City of Visalia offers development incentives for affordable housing, further enhancing the investment potential. The asking price is $377,000, representing a land value of $15.75 per square foot. Wet and dry utilities are readily available near the site. This is a rare chance to acquire a prime commercial lot in a rapidly growing area.

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    Property type Land
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    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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