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    Farmersville Blvd Farmersville, CA 93223
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    Farmersville Blvd Farmersville, CA 93223

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    • Land
    • 1.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Farmersville Blvd

    Lot size
    1.53 lot acres
    Property type
    Land

    Description

    This exceptional 1.53-acre commercial land parcel presents a prime investment opportunity in Farmersville, CA. Boasting approximately 393 feet of frontage on busy Farmersville Boulevard, this property offers unparalleled visibility and accessibility for a wide range of commercial ventures. Its strategic location near Farmersville High School ensures a consistent flow of potential customers. The property's ideal zoning makes it suitable for fast-food restaurants, quick-service restaurants (QSRs), and other high-exposure retail uses. Further enhancing its value, the development of 74 new apartment units adjacent to the property is slated for completion, creating a significantly increased customer base and boosting the property's long-term potential. The site's size and location make it an attractive proposition for businesses seeking high visibility and convenient access in a growing community. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area of Tulare County, California, with a zip code of 93223. The asking price for this exceptional property is $510,000. This land is located at the address of Farmersville Blvd, Farmersville, CA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmersville
    County
    Tulare
    State
    California
    Longitude
    -119.207
    Latitude
    36.3123

    Comparable in this City

    • Value Estimation by Request
      14.81 Acres

      198 And Farmersville Rd

      Retail properties & Spaces • 14.81 Acres
      198 And Farmersville Rd, Farmersville, CA 93223
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    • Value Estimation by Request
      7.38 Acres

      Farmersville Rd

      Land • 7.38 Acres
      0 Farmersville Rd, Farmersville, CA 93223
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    • Value Estimation by Request

      Camino Castaneda

      Land
      0 Camino Castaneda, Farmersville, CA 93223
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      Apn 128-153-029

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      0 Apn 128-153-029, Farmersville, CA 93223
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    • Value Estimation by Request
      2.63 Acres

      280 Nec Steven Ave & Ave

      Land • 2.63 Acres
      280 Nec Steven Ave & Ave, Farmersville, CA 93223
      View Details
    • Value Estimation by Request
      4.30 Acres

      100 Terry Ave

      INDUSTRIAL - VACANT LAND • 4.30 Acres
      100 Terry Ave, Farmersville, CA 93223
      View Details

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      Land Approved for Shopping Center

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      Vacant Commercial Land For Sale

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      Commercial Land in Growing City

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      Farmersville Commercial Land For Sale

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      280 Nec Steven Ave & Ave, Farmersville, CA 93223
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    • $1,250,000

      Farmersville Mixed-Use Development Opportunity

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    Similar Nearby for Lease

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      Retail/Warehouse Space on Noble Ave

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      Retail Space in Sierra Vista

      Updated retail space available for lease in busy shopping center.
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    Farmersville, CA 93223
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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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