5223 Walnut AveVisalia, CA 93277

Property Details for 5223 Walnut Ave

Year built

1999

Construction

WOOD

Lot size

0.72 AC

Property size (Sq ft)

8,161 SF

Zone code

CN

Property type

Retail properties

Property subtype

Retail space

APN

119-650-007-000

APU

119650007000

Description

This exceptional investment opportunity presents two fully leased shopping centers in prime Visalia and Lemoore, California locations. The portfolio comprises ten units totaling 16,316 net rentable square feet, situated across two buildings on two separate parcels. The properties boast a combined 50,007 square feet and are situated on high-traffic thoroughfares. Built in 1999 and 2003, these single-story centers benefit from a 100% occupancy rate, generating a strong net operating income (NOI) of $301,375, resulting in an attractive 4.86% cap rate. The sale is structured as a 1031 exchange-eligible offering, presenting significant tax advantages for qualified investors. The properties are offered as a corporate ownership and operate under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The Visalia location, at 5223 W Walnut Ave, Visalia, CA 93277 (APN: 119650007000 & 021380010000), is zoned NC. The Lemoore location is at 75 W Hanford Armona Rd, Lemoore, CA 93245. This portfolio represents a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The asking price is $6,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,700,724

  6.5%

  $1,569,899

  7%

  $1,457,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,730,926

  Geo Method

  $3,910,777

• Alternative Use

  Use

  Valuation

  Residential

  $1,324,268

  Hospitality

  $1,213,023

  Educational

  $1,009,221

  Medical

  $1,043,929

  Retail

  $1,569,899

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.3112

Longitude

-119.349

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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