901 Main StVisalia, CA 93292

Property Details for 901 Main St

Year built

1968

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

12,057 SF

Zone code

C-4/M-1

Property type

Office properties

Property subtype

Office buildings

APN

094-204-006-000

APU

94204006000

Description

This exceptional Class A executive office building, located at 901 E Main Street in Visalia, CA 93292, presents a compelling investment opportunity. The 12,000 square foot building, situated on the corner of East Main Street and Burke, boasts a desirable location and underwent a complete renovation in 2018. The property features a modern and efficient layout including three conference rooms, private offices, open work areas with cubicles, an open reception area, and four restrooms. Ample parking is provided with 26 spaces in the adjacent Main/Burke lot. The building also includes a mezzanine level for additional storage. Currently operating as a multi-tenant property, the building offers a strong net lease structure with a 6.5% cap rate and a price per square foot of $325. Built in 1968, this single-story building offers a blend of classic charm and modern functionality, making it an ideal investment for discerning buyers seeking a high-return property in a thriving California market. The asking price is $3,900,000. All information is subject to verification and is provided without warranty or guarantee.

• CAP approach

  CAP return

  Valuation

  6%

  $1,709,276

  6.5%

  $1,577,794

  7%

  $1,465,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,601,051

  Geo Method

  $2,292,759

• Alternative Use

  Use

  Valuation

  Residential

  $1,956,464

  Hospitality

  $1,792,110

  Educational

  $1,491,015

  Medical

  $1,542,293

  Retail

  $2,319,356

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3299

Longitude

-119.283

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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