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    Office buildings

    822 W Center Ave, Visalia, CA 93291

    2,278 SF 0.15 ac lot Built 1973
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-5994388
    Property summary
    AI-generated overview

    This ±2,278 square foot office building in Visalia, CA, presents a compelling value-add investment opportunity. Located at 822 W Center Ave, this single-story, 1973-built structure (renovated in 2019) sits on a 0.148-acre lot and boasts prominent Center Street signage, frontage, and ample parking. Currently 40% occupied by a long-term tenant paying $950/month, the building offers two contiguous units totaling ±2,278 SF. One unit (approximately 1,365 SF) features a reception area, substantial storage, and two private offices. The second unit (approximately 913 SF) has a separate entrance, three large rooms, additional storage/office space, and a private restroom. The building's construction is of high-quality concrete block and brick. The interior is in move-in ready condition with an open floor plan, allowing for flexible adaptation to a new tenant's needs. Its central location near downtown Visalia provides easy access to the entire city and benefits from high consumer traffic and visibility. The property is zoned PA and is an excellent candidate for an SBA loan, with a down payment of $49,000 resulting in monthly payments significantly less than comparable lease rates. This property offers a blend of immediate income and significant upside potential for a savvy investor.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1973
    Construction TILT-UP CONCRETE
    Total area 2,278 SF
    Lot 0.15 ac (6,448 SF)
    Zoning code PA
    APN 093-188-010-000
    UPID US09-5994388
    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
    • Trilotech Tech Support Center IT Consulting Firm
    • Morris Sprague Groen & Neese Tax Preparation
    • Morris Sprague Groen & Neese: Sprague Keith M CPA Accounting Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Keith M Sprague · 20 yrs held
    Keith M Sprague
    since 2005
    1 recorded transaction
    2005
    $147,500
    Zoning & alternative use
    PA · Visalia, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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