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Property profile & analytics
OFF-MARKET Estimated value $1,470,000
Retail space

5223 Walnut Ave Visalia, CA 93277

8,161 SF 0.72 ac lot Built 1999
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6090539
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction WOOD
Total area 8,161 SF
Lot 0.72 ac (31,276 SF)
Zoning code CN
APN 119-650-007-000
UPID US09-6090539
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
  • Jimmy John's Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.79M
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.47M
Owner & transaction history
Clc Walnut LLC · 8 yrs held
Clc Walnut LLC
since 2018
7 recorded transactions
2025
Price N/A
2018
$2.0M
2015
Price N/A
2015
Price N/A
2003
$1.8M
1998
Price N/A
1969
Price N/A
Zoning & alternative use
CN · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Ordinance | Visalia, CA
Top alternative use upside
Commercial (general) $2.2M +16.2%
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