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Property profile & analytics
OFF-MARKET
Estimated value
$7,225,000
Office buildings
500 Santa Fe St Visalia, CA 93292-5065
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-5175525
Property summary
AI-generated overview
This exceptional 1,200 square foot office building, situated on a 0.25-acre lot at 500 S Santa Fe Street in Visalia, CA, presents a fantastic opportunity. Conveniently located near Kaweah Delta Hospital, this property boasts a spacious waiting area and a client-accessible ADA-compliant bathroom. The interior layout includes four exam rooms, two of which are equipped with sinks, a dedicated break room, and substantial storage space. A well-designed check-in and check-out counter ensures efficient workflow. The flexible floor plan offers versatility for a variety of professional uses
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Construction
WOOD
Total area
32,741 SF
Lot
1.1 ac (47,916 SF)
Zoning code
CS
APN
094-250-046-000
UPID
US09-5175525
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.07M
CAP Approach
CAP
$8.50M
Comparable Approach
Comparable
$6.75M
Blend (final)
Blend
$7.23M
Owner & transaction history
Visalia Va LLC · 3 yrs held
Visalia Va LLC
since 2022
Last sale
$8.5M
1 recorded transaction
Zoning & alternative use
CS · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.0M
+75.9%
Medical building
$7.1M
+39.4%
Apartment house (5+ units)
$6.6M
+28.6%
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
$6,210,000
ML approach
$7,065,000
CAP Approach
CAP Return
Estimation
6%
$9,210,000
6.5%
$8,500,000
7%
$7,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,120,000
Current use
COMMERCIAL (GENERAL)
$9,000,000
Change: +76% · Conversion: Easy
MEDICAL BUILDING
$7,135,000
Change: +39% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,580,000
Change: +29% · Conversion: Easy
RETAIL STORES
$5,310,000
Change: +4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,420,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.23M
Range $6.50M – $7.95M · ±10% · vs last sale $8.50M (Sep 2 2022)
Last sale anchor
$8.50M
Sep 2 2022
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
$221 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$93,185
Tax year 2023
Assessed value
$6,250,000
Assessed 2023
Previous assessed
$6,250,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$500,000
Assessed improvement
$5,750,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
2
Total area
32,741 SF
Lot
1.1 ac (47,916 SF)
Zoning code
CS
APN
094-250-046-000
UPID
US09-5175525
Jurisdiction
TULARE
Zoning & alternative use
CS · Visalia, CA
Zoning CS · permitted uses
CS · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
RETAIL STORES
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (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
2008
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Visalia Va LLC
Entity
Mailing address
694 GRANDVIEW LN, LAKE FOREST, IL 60045-3953
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$8,500,000
Visalia Va LLC
Visalia Land & Investment Co LLC
Grant Deed
$20,054,110 · Associated Bank NA
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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