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    Property profile & analytics

    235 W Noble Ave Visalia, CA 93277

    • Medical offices
    • 1,964 SF
    • 0.18 lot acres
    For Lease
    View listing
    $4,950 /Mo
    Last Sale
    Aug 27, 2021
    $625,000
    Value Estimations
    $615,000
    Cap Rate Potential
    3.5%
    Medical offices
    Location Intelligence
    Property ID
    US09-5989874
    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

    • Noble House Dental Group / Dentist / Cosmetic Dentist
    • Palm Occupational Medicine / Medical Clinic / Doctor
    • Dr. David T. Tenn, MD / Family Practice Physician
    • Andrew L. Josiah, PA / Physician Assistant
    • Hernandez Pamela / Nursing Agency

    Property Details for 235 W Noble Ave

    Year built
    1901
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    1,964 SF
    Zone code
    PA
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    097-043-009-000
    APU
    97043009000

    Description

    This exceptional 1,964 square foot single-tenant medical office building is ideally situated at 235 W Noble Ave, Visalia, CA 93277. The property offers convenient access from both West Noble Avenue and South Encina Street, providing excellent visibility and accessibility for patients. Its prime location places it within walking distance of Kaweah Health Hospital, a significant advantage for a medical practice. The building is classified as an office property with a medical subtype, making it suitable for a variety of healthcare uses. The single-tenant occupancy ensures a streamlined management experience. This property presents a compelling opportunity for dentists or other medical professionals seeking a well-located and established space to serve the Visalia community. The building's size and convenient location make it an attractive investment for those seeking a stable and potentially high-return property in a growing market. Further details regarding the interior layout and features can be obtained through the provided virtual tour link. This is a rare opportunity to acquire a well-positioned medical office building in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $390,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $432,000
      Market price range: $282k - $566k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $430,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $790,000
      Change: +84% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $540,000
      Change: +26% Conversion: Easy
      RETAIL STORES
      $465,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Visalia
    County
    Tulare
    State
    California
    Longitude
    -119.294
    Latitude
    36.3261
    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
    $6,915
    $124,848
    $317,322
    $442,170
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      3610 Packwood Ave

      MEDICAL BUILDING • 0.13 Acres
      3610 Packwood Ave, Visalia, CA 93277-5010
      View Details
    • Value Estimation
      $1,565,000
      9,234 SF

      820 Akers St Ste, Unit 220

      MEDICAL BUILDING • 9,234 SF
      820 Akers St Ste, Visalia, CA 93277-8307
      View Details
    • Value Estimation by Request
      1,142 SF

      501 Watson St

      MEDICAL BUILDING • 1,142 SF
      501 Watson St, Visalia, CA 93277-2641
      View Details
    • Value Estimation by Request
      0.78 Acres

      1627 Gdn St

      MEDICAL CLINIC • 0.78 Acres
      1627 Gdn St, Visalia, CA 93277-4949
      View Details
    • Value Estimation
      $1,355,000
      11,091 SF

      2626 Mooney Blvd

      MEDICAL BUILDING • 11,091 SF
      2626 Mooney Blvd, Visalia, CA 93277-6239
      View Details
    • Value Estimation
      $1,000,000
      7,619 SF

      311 Noble Ave

      MEDICAL BUILDING • 7,619 SF
      311 Noble Ave, Visalia, CA 93277-2669
      View Details

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    Similar Nearby for Lease

    • $15 SF/Yr
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      Visalia Office Building Investment

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      Visalia Medical Office Space For Lease

      1,460 SF Available in Prime Location
      4239 Noble Ave, Visalia, CA 93277
      View Details
    • $2 SF/Yr
      1,141 SF

      Visalia Office Space For Lease

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    • Contact for pricing
      1,500 SF

      Medical Office Suites Available

      Medical office suites in new surgery center, customizable design.
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    • $1.45 SF/Yr
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      Visalia Medical Office Suite Available

      Medical office suite for lease in Visalia Medical Plaza.
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    • $4,950 /Mo
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      Dental Office Near Kaweah Hospital

      Dental office space for lease near Kaweah Health Hospital.
      235 W Noble Ave, Visalia, CA 93277
      View Details
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    235 W Noble Ave
    Visalia, CA 93277
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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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