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Property profile & analytics
FOR SALE
Banks
101 Main St Visalia, CA 93291-6357
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-5997334
For Sale
1 / 72
$3,000,000
101 Main St, Visalia, CA 93291-6357
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1889
Construction
TILT-UP CONCRETE
Total area
7,698 SF
Lot
0.13 ac (5,816 SF)
Zoning code
C-3
APN
094-298-001-000
UPID
US09-5997334
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
Current use
Occupant on record · Public records
-
Banc of California Bank Loan Service
-
Cellar Door Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$2.26M
Owner & transaction history
Kesavaramanjum Family Revocable Tru
Kesavaramanjum Family Revocable Tru
since 2025
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C-3 · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+47.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,255,000
ML approach
$2,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,630,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.40M (Dec 27 2023)
Last sale anchor
$2.40M
Dec 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$293 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,812
Tax year 2024
Assessed value
$2,400,000
Assessed 2024
Previous assessed
$2,400,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$250,000
Assessed improvement
$2,150,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1889
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
7,698 SF
Lot
0.13 ac (5,816 SF)
Zoning code
C-3
APN
094-298-001-000
UPID
US09-5997334
Jurisdiction
TULARE
Zoning & alternative use
C-3 · Visalia, CAZoning C-3 · permitted uses
C-3 · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1889
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Kesavaramanjum Family Revocable Tru
Individual
Free & Clear · 0 yrs held
Mailing address
26531 RD 100, TULARE, CA 93274-9353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Kesavaramanjum Family Revocable Tru
Satish Kesavaramanujam
Deed
related
—
Dec 27, 2023
$2,400,000
Satish Kesavaramanujam
Ryan Dowling
Grant Deed
$100,000 · Mission Bank
Oct 5, 2021
$2,198,000
Ryan Dowling
Legacy Investments LLC
Grant Deed
—
Mar 26, 2019
$1,000,000
Legacy Investments LLC
Bypass Richard D G Trus
Grant Deed
$800,000 · Shannon R M & S Trust (pt)
Oct 16, 2018
—
Garcia,richard D Bypass Trust
Garcia R & C L/tr
Quit Claim Deed
related
—
Sep 25, 2017
—
Carol J Garcia
Garcia,richard D
Affidavit Of Death
related
—
May 15, 2013
$601,000
Garcia,r & C Living Trust
Roeben E W & F L Living Trust
Grant Deed
$150,000 · Hobbie Tres & Wendy Trust (pt)
Jul 8, 1997
—
Roeben Trust
Roeben,eugene & Francis
Quit Claim Deed
related
—
May 28, 1993
$355,000
Eugene Roeben
Mccarthy,michael
Grant Deed
—
Jun 23, 1992
$287,500
Michael D Mccarthy
Smith,dolly L
Grant Deed
$210,000 · Individual
—
—
Padula Trust
—
Deed Of Trust
related
$200,000 · First Interstate Bank Californ
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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