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Property profile & analytics
FOR LEASE
Retail space
8246 W Mineral King Ave Visalia, CA 93291
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5908006
For Lease
1 / 2
$4,245,000
8246 W Mineral King Ave, Visalia, CA 93291
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
STEEL FRAME
Total area
38,200 SF
Lot
2.14 ac (93,218 SF)
Zoning code
CS
APN
081-071-041-000
UPID
US09-5908006
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
-
Winey Bice Inc Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
Freitas Rentals 1 LP · 3 yrs held
Freitas Rentals 1 LP
since 2023
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
CS · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+0.5%
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
$4,135,000
ML approach
$4,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,885,000
Current use
OFFICE BUILDING
$5,915,000
Change: +0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,155,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $4.40M (Jun 29 2023)
Last sale anchor
$4.40M
Jun 29 2023
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
$111 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,657
Tax year 2024
Assessed value
$1,738,064
Assessed 2024
Previous assessed
$1,738,064
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$311,402
Assessed improvement
$1,426,662
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1968
Construction
STEEL FRAME
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
1
Stories
1
Bathrooms
2
Total area
38,200 SF
Lot
2.14 ac (93,218 SF)
Zoning code
CS
APN
081-071-041-000
UPID
US09-5908006
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
RETAIL STORES Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
RETAIL STORES Current
OFFICE BUILDING
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
1968
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
Freitas Rentals 1 LP
Entity
Mailing address
983 E LEVIN AVE, TULARE, CA 93274-6525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$4,400,000
Freitas Rentals 1 LP
Visalia Oak LLC
Grant Deed
$2,703,502 · Mission Bank
May 25, 2011
—
Kevin J Bice
Bice Family Trust
Quit Claim Deed
—
Apr 30, 2002
$1,200,000
Bice Trust
Lindahl Trust
Grant Deed
$875,000 · Lindahl Trust
Mar 1, 2000
—
Lindahl Trust
Lindahl Trust
Quit Claim Deed
related
—
—
—
Bice,tr
—
Deed Of Trust
related
$750,000 · California Stockmens Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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