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    Property profile & analytics

    101 Main St Visalia, CA 93291-6357

    • Banks
    • 7,698 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2023
    $2,400,000
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5997334
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banc of California / Bank / Atm
    • Cellar Door / Coffee Shop / Live Music Venue

    Property Details for 101 Main St

    Year built
    1889
    Construction
    TILT-UP CONCRETE
    Lot size
    0.13 lot acres
    Property size
    7,698 SF
    Zone code
    C-3
    Property type
    Banks
    APN
    094-298-001-000
    APU
    94298001000

    Description

    Exceptional opportunity to acquire a thriving nightclub in the heart of downtown Visalia, California. Located at 101 W Main Street, this 5,200 square foot establishment sits on a 0.18-acre lot and offers unparalleled visibility and foot traffic. Previously known as Cellar Door, this venue boasts a strong reputation for its vibrant atmosphere and diverse entertainment offerings, including live music, DJ nights, and various cultural events. The spacious layout is adaptable for a wide range of uses, from live concerts and dance nights to private events and more. The property is fully equipped with a well-appointed bar, a stage, a professional sound system, and a comprehensive lighting setup, ensuring a seamless transition for new ownership. This turnkey operation has a history of community engagement, hosting concerts, movie screenings, poetry readings, and fashion shows, establishing itself as a cultural hub. Priced at $650,000, this presents a unique chance to revitalize a beloved venue and capitalize on the existing infrastructure and established clientele. This is an ideal investment for both seasoned operators and aspiring entrepreneurs seeking to make their mark on Visalia's dynamic nightlife scene.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,255,000
      ML approach
      $2,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,658,000
      Market price range: $374k - $1.82M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.292
    Latitude
    36.3299
    CBSA code
    47300
    CBSA name
    VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,812
    $250,000
    $2,150,000
    $2,400,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      18,968 SF

      212 Main St

      FINANCIAL BUILDING • 18,968 SF
      212 Main St, Visalia, CA 93291-6356
      View Details
    • Value Estimation
      $250,000
      0.19 Acres

      600 Main St

      FINANCIAL BUILDING • 0.19 Acres
      600 Main St, Visalia, CA 93291-6148
      View Details
    • Value Estimation
      $275,000
      7,019 SF

      414 Main St

      FINANCIAL BUILDING • 7,019 SF
      414 Main St, Visalia, CA 93291-6241
      View Details
    • Value Estimation
      $325,000
      4,014 SF

      5151 Goshen Ave

      FINANCIAL BUILDING • 4,014 SF
      5151 Goshen Ave, Visalia, CA 93291-8620
      View Details
    • Value Estimation
      $8,650,000
      17,313 SF

      701 Main St

      FINANCIAL BUILDING • 17,313 SF
      701 Main St, Visalia, CA 93291-6145
      View Details
    • Value Estimation
      $340,000
      3,718 SF

      800 Main St

      FINANCIAL BUILDING • 3,718 SF
      800 Main St, Visalia, CA 93291-6144
      View Details

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    Similar Nearby for Lease

    • $4,500 /Mo
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      Visalia Retail/Office/Restaurant Space Available

      Corner location with large windows suitable for retail, office, restaurant.
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      View Details
    • $0.96 SF/Yr
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      Turnkey Retail/Industrial Space Available

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      View Details
    • Contact for pricing
      4,175 SF

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      Retail space available in a busy Visalia corridor.
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    • $3 SF/Yr
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      Retail Space Near New Homes

      Retail space for lease near new construction and amenities.
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    • Contact for pricing
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      View Details
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      Retail/Office Building with Parking

      Retail/office building with basement storage and private parking lot.
      300 E Center Ave, Visalia, CA 93291
      View Details
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    Visalia, CA 93291-6357
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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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