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    Property profile & analytics

    500 Santa Fe St Visalia, CA 93292-2941

    • Office buildings
    • 1,200 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2025
    $235,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5996121
    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

    • Arthur J Gallagher And Co / Insurance Agency
    • Sreedhar Adapa, M.D. / Physician / Medical Clinic
    • Maksy Magdy MD / Physician / Medical Clinic
    • Buckman-Mitchell Insurance Inc / Financial Advisor
    • AudioClinic / Medical Clinic

    Property Details for 500 Santa Fe St

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    1,200 SF
    Zone code
    PA
    Property type
    Office buildings
    APN
    097-121-023-000
    APU
    97121023000

    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
    -119.287
    Latitude
    36.3262
    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
    $1,804
    $60,931
    $105,866
    $166,797
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $2,970,000
      27,223 SF

      1735 Houston Ave

      PROFESSIONAL BUILDING • 27,223 SF
      1735 Houston Ave, Visalia, CA 93292-2349
      View Details
    • Value Estimation
      $7,225,000
      32,741 SF

      500 Santa Fe St

      PROFESSIONAL BUILDING • 32,741 SF
      500 Santa Fe St, Visalia, CA 93292-5065
      View Details
    • Value Estimation by Request

      Visalia, CA 93292

      PROFESSIONAL BUILDING
      Visalia, CA 93292
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    • Value Estimation
      $1,740,000
      13,653 SF

      700 Mineral King Ave

      PROFESSIONAL BUILDING • 13,653 SF
      700 Mineral King Ave, Visalia, CA 93292-6923
      View Details
    • Value Estimation
      $2,760,000
      12,630 SF

      1901 Noble Ave

      PROFESSIONAL BUILDING • 12,630 SF
      1901 Noble Ave, Visalia, CA 93292-1516
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,000 SF

      Class A Office Building For Sale

      Fully occupied, 32,000 SF office building with strong tenant.
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      View Details
    • $824,900
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      Visalia Office Building For Sale

      Flex Office/Retail Building, Ample Parking
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    • $602,600
      26.20 Acres

      Visalia Land with Agricultural Potential

      26.2 acre Visalia land with mature citrus and grazing.
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    • $1,746,000
      19.40 Acres

      Visalia Land with Development Potential

      19.4 acres of land zoned AE-20 in Visalia, CA.
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    • $580,000
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      New Visalia Duplex with Solar

      New construction, energy-efficient duplex with modern design in Visalia, CA.
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      New construction, energy-efficient duplex in a prime Visalia location.
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    Similar Nearby for Lease

    • $1.85 SF/Yr
      1,138 SF

      Visalia Office Space For Rent

      Office space with private offices, reception, and private parking.
      1241 W Caldwell Ave, Visalia, CA 93292
      View Details
    • Contact for pricing

      Shopping Center Anchored by CVS

      Shopping center anchored by Save Mart and CVS.
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    • $0.76 SF/Yr
      3,750 SF

      Visalia Office Space For Rent

      Office space with open layout and private office available for rent.
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      View Details
    • $1.65 SF/Yr
      2,730 SF

      Visalia Office Space For Lease

      Office space for lease in Northeast Visalia with great visibility.
      724 N Ben Maddox Way, Visalia, CA 93292
      View Details
    • Contact for pricing
      1,650 SF

      Visalia Office Space For Lease

      Professional office space in well-maintained complex, near Highway 198.
      561 S Pinkham St, Visalia, CA 93292
      View Details
    • Contact for pricing
      2,000 SF

      Retail and Office Space Available

      Prime location with high traffic and ample parking.
      1971-2007 W Caldwell Ave, Visalia, CA 93292
      View Details
    Request Owner's contact information
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    500 Santa Fe St
    Visalia, CA 93292-2941
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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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