258 Pine StExeter, CA 93221

Property Details for 258 Pine St

Lot size

0.84 AC

Property type

Retail space

APN

135-134-001-000

APU

135134001000

Description

This exceptional owner-user or investment opportunity presents a freestanding retail building in Exeter, CA, totaling approximately 3,000 square feet on a 0.17-acre lot (approximately 7,414 square feet). Located at 258 W Pine St, 93221, this property boasts three units, offering flexible configurations ranging from approximately 1,000 to 2,100 square feet, with the potential to combine spaces for larger tenants via existing connecting doors. Each unit features a wide-open area, a storage room, and private restrooms. Currently, one unit is occupied, and two are available for lease at a pro forma rate of $1.25 per square foot per month, generating a pro forma NOI of $30,664 and a 6.81% cap rate. The asking price is $450,000, translating to $150 per square foot. The property is zoned CS-Service Commercial and benefits from excellent visibility, ample street parking directly in front, and convenient access between CA-65 and CA-198, near major traffic generators on W Visalia Rd. This well-maintained building presents a strong investment opportunity in an underserved market with high demand for small retail spaces. The property's features include quality construction, economical spaces, and easy-to-rent units, requiring minimal management or maintenance. The property's APN is 135-101-013.

• CAP approach

  CAP return

  Valuation

  6%

  $7,580,630

  6.5%

  $6,997,504

  7%

  $6,497,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,172,547

  Geo Method

  $17,431,496

• Alternative Use

  Use

  Valuation

  Residential

  $5,902,656

  Hospitality

  $5,406,802

  Educational

  $4,498,396

  Medical

  $4,653,102

  Retail

  $6,997,504

Location Insight

City

Exeter

County

Tulare

State

California

Latitude

36.2962

Longitude

-119.14

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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