5223 Walnut Ave, Visalia, CA 93277
- Retail space
- 8,161 SF
- 0.72 lot acres
Current Use by Public Records
- Jimmy John's / Take-out & Catering / Catering Service
Property Details for 5223 Walnut Ave
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 0.72 lot acres
- Zone code
- CN
- Property type
- Retail space
- APN
- 119-650-007-000
- APU
- 119650007000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 4, 2025 | — | Clc Walnut LLC | — | Deed · related | $1.2M · Tri Counties Bank |
| Jul 26, 2018 | $2,000,000 | Clc Walnut LLC | Reovcable Richard T S T | Grant Deed | $1.3M · Bank Of The Sierra |
| Mar 3, 2015 | — | Southern Richard T Trust|vo,thanh T Trust | Southern Richard T | Quit Claim Deed · related | — |
| Feb 9, 2015 | — | Southern Richard T|vo,thanh T | Southern Richard T | Quit Claim Deed · related | — |
| Aug 28, 2003 | $1,800,000 | Richard T Southern | Simon,keith F & Abby L | Grant Deed | $950k · Yosemite Bank |
| Jul 24, 1998 | — | Keith F Simon | Westland Development Co LLC | Grant Deed | $882k · Regency Bank |
| — | — | Keith F Simon | — | Deed Of Trust · related | $848k · Westamerica Bank |
| — | — | Southern Richard T Trust | — | Deed Of Trust · related | $390k · Slater Marilyn T Trust (pt) |
Description
This exceptional investment opportunity presents two fully leased shopping centers in prime Visalia and Lemoore, California locations. The portfolio comprises ten units totaling 16,316 net rentable square feet, situated across two buildings on two separate parcels. The properties boast a combined 50,007 square feet and are situated on high-traffic thoroughfares. Built in 1999 and 2003, these single-story centers benefit from a 100% occupancy rate, generating a strong net operating income (NOI) of $301,375, resulting in an attractive 4.86% cap rate. The sale is structured as a 1031 exchange-eligible offering, presenting significant tax advantages for qualified investors. The properties are offered as a corporate ownership and operate under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The Visalia location, at 5223 W Walnut Ave, Visalia, CA 93277 (APN: 119650007000 & 021380010000), is zoned NC. The Lemoore location is at 75 W Hanford Armona Rd, Lemoore, CA 93245. This portfolio represents a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The asking price is $6,200,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,940,000
- 6.5%
- $1,790,000
- 7%
- $1,665,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,063,000
Market price range: $296k - $1.06M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,930,000 Current use
- COMMERCIAL (GENERAL)
- $2,245,000 Change: +16% Conversion: Easy
- MEDICAL BUILDING
- $1,780,000 Change: -8% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,640,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.349
- Latitude
- 36.3112
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
