Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1502 Mineral King Ave Visalia, CA 93291-5819

    • Medical offices
    • 2,536 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6095286
    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

    • Accordia Dental Practice / Dentist
    • Golden Essence Wellness Acupuncture And Integrative Health / Acupuncturist
    • Dr. Tamer Saleh / Chiropractor

    Property Details for 1502 Mineral King Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    2,536 SF
    Zone code
    PA
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    093-283-018-000
    APU
    93283018000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.308
    Latitude
    36.3277
    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
    $4,612
    $117,149
    $310,286
    $427,435
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      Visalia, CA 93291

      MEDICAL BUILDING
      Visalia, CA 93291
      View Details
    • Value Estimation by Request
      1,597 SF

      307 Murray Ave

      MEDICAL BUILDING • 1,597 SF
      307 Murray Ave, Visalia, CA 93291-4936
      View Details
    • Value Estimation
      $700,000
      2,280 SF

      535 Akers St

      MEDICAL BUILDING • 2,280 SF
      535 Akers St, Visalia, CA 93291-5173
      View Details
    • Value Estimation
      $4,345,000
      13,868 SF

      220 Akers St

      MEDICAL BUILDING • 13,868 SF
      220 Akers St, Visalia, CA 93291-5178
      View Details
    • Value Estimation
      $970,000
      5,169 SF

      120 Akers St

      MEDICAL BUILDING • 5,169 SF
      120 Akers St, Visalia, CA 93291-5121
      View Details
    • Value Estimation by Request
      2,280 SF

      1120 Chinowth St

      MEDICAL BUILDING • 2,280 SF
      1120 Chinowth St, Visalia, CA 93291-7896
      View Details

    Similar Nearby for Sale

    • $849,999
      4,851 SF

      Visalia Medical Building with Two Units

      Centrally located medical building with two units and ample parking.
      306 N Conyer St, Visalia, CA 93291
      View Details
    • $490,000
      2,278 SF

      Visalia Office Building - $490K

      ±2,278 SF Office, Value-Add Opportunity
      822 Center Ave, Visalia, CA 93291
      View Details
    • $2,500,000
      8,682 SF

      Updated Medical Office Building

      Two-story medical office building in downtown Visalia for sale.
      119 S Locust St, Visalia, CA 93291
      View Details
    • $5,200,000
      14,929 SF

      Visalia Medical Building For Sale

      Fully leased medical building near Highway 198 and Highway 99.
      137 S Aspen Ct, Visalia, CA 93291
      View Details
    • $225,000
      1,000 SF

      Visalia Office Building - Great Location

      Prime Visalia office space, ample parking.
      144 Neeley St, Visalia, CA 93291
      View Details
    • $1,450,000
      7,070 SF

      Visalia Value-Add Investment Opportunity

      Value-add office buildings near downtown Visalia for sale.
      1200 W Murray Ave, Visalia, CA 93291
      View Details

    Similar Nearby for Lease

    • $1.85 SF/Yr
      1,521 SF

      Downtown Visalia Office Space Available

      Move-in ready office space in a prime downtown location.
      717 W Center Ave, Visalia, CA 93291
      View Details
    • $2 SF/Yr
      1,359 SF

      Medical Office Space Available

      Class A medical office space for lease in Visalia.
      805 W Acequia Ave, Visalia, CA 93291
      View Details
    • $2 SF/Yr
      2,200 SF

      Visalia Office Space For Lease

      Professional office space in a desirable West Visalia office complex.
      128 N Akers St, Visalia, CA 93291
      View Details
    • $1.75 SF/Yr
      6,500 SF

      Visalia Professional/Medical Office Space

      Turnkey office space in downtown Visalia with private parking.
      419 W Murray Ave, Visalia, CA 93291
      View Details
    • $1.70 SF/Yr
      258 SF

      Visalia Executive Office Suite

      Small executive office suite for lease in Visalia, California.
      113 N Church St, Visalia, CA 93291
      View Details
    • $975 /Mo
      750 SF

      Established Office Space For Rent

      Small office space near Mooney Boulevard with private offices.
      3330 S Fairway St, Visalia, CA 93291
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1502 Mineral King Ave
    Visalia, CA 93291-5819
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.