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    Land

    0 36.34291455956586 -119.27442751282672, Visalia, CA 93292

    3.43 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 3.43-acre parcel, located at the northwest corner of Houston Avenue and Cain Street in Visalia, California (zip code 93292), presents a compelling residential development opportunity. The property is zoned RM-2, allowing for a density of up to 15 dwelling units per acre. Utilities are conveniently located on adjacent Cain Street. This lot is part of a recently approved and recorded four-parcel master planned development. Two parcels within this development are zoned for medium-density multifamily, and two are zoned commercial. The property's strategic location, just off Ben Maddox Avenue, a major Visalia arterial, offers excellent visibility and accessibility. A significant advantage is the proximity to a planned 16,800 square foot medical office building, which is expected to generate considerable activity and enhance the area's appeal. This site is ideal for owner-operators, investors, or merchant developers seeking to capitalize on the anticipated growth spurred by the nearby commercial projects. The land is priced at $8.70 per square foot. The property may be purchased separately or in conjunction with Parcel #4.

    Property profile
    Verified
    Property type Land
    Lot 3.43 ac (149,411 SF)
    Cap rate & NOI
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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