822 Center AveVisalia, CA 93291

Property Details for 822 Center Ave

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

2,278 SF

Zone code

PA

Property type

Office buildings

APN

093-188-010-000

APU

93188010000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $322,944

  6.5%

  $298,102

  7%

  $276,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,496

  Geo Method

  $433,184

• Alternative Use

  Use

  Valuation

  Residential

  $369,646

  Hospitality

  $338,594

  Educational

  $281,706

  Medical

  $291,395

  Retail

  $438,210

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3313

Longitude

-119.301

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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