Corner-Lot Restaurant
New
For Sale
$250,000
1011 N Fresno Street, Fresno, CA 93701
Freestanding restaurant property with perimeter fencing and on-site parking for customers, employees, or tenants.
Property Size1,144 SF
Price / SF$218.53
Days on Market3
Property Features for 1011 N Fresno Street
General Information
Standard status
Active
Size
1,144 SF
Total Parking Spaces
7
Property subtype
Commercial/Industrial
Additional Details
Corner Location
Yes
Amenities
secure perimeter fence
Building Details
Year Built
1964
Listing Agency:
3D Realty
(559) 224-7867
Listed By:
Marilena J. Sucilla · License #DRE #02237622
(559) 304-5551
Source:
Exitrealty
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 3D Realty
Investment Insights
Based on property information with market context.
This restaurant-oriented commercial building contains approximately 1,144 square feet and was constructed in 1964. The property is positioned on a corner lot and includes a secure perimeter fence, providing defined boundaries around the site. Approximately 7 parking spaces serve the building, supporting access for customers, employees, or tenants.
Located at 1011 N Fresno Street in Fresno, California, the property is offered for sale in its existing As-Is condition. Its building format, corner placement, parking, and enclosed site configuration provide a straightforward commercial property offering for restaurant use.
Located at 1011 N Fresno Street in Fresno, California, the property is offered for sale in its existing As-Is condition. Its building format, corner placement, parking, and enclosed site configuration provide a straightforward commercial property offering for restaurant use.
Key Highlights
- Approximately 1,144 square feet of building area
- Restaurant‑oriented commercial building on a corner lot
- Approximately 7 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,700
$309.7K
Cap Rate 7%
$221,214
$221.2K
Cap Rate 9%
$172,056
$172.1K
Market Conditions
NOI Build-Up for 1,144 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.0K $19.20/SF
− Vacancy
−$1.3K −$1.15/SF
EGI
$20.6K $18.05/SF
− OpEx
−$5.2K −$4.51/SF
NOI
$15.5K $13.54/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,700
Cap Rate 7%
$221,214
Cap Rate 9%
$172,056
Alternative Uses
Best Use
Specialty Retail
$221.2K
$193.6K – $258.1K
NOI $15,485 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$191.5K
$167.6K – $223.4K
NOI $13,405 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$337.1K
$295.0K – $393.3K
NOI $23,598 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 30%
Shops & Services 23%
Home Improvements & Furnishings 2%
FoodMaxx
Groceries
37,943 visits/mo
0.2 miles
ARCO
Shops & Services
15,489 visits/mo
0.2 miles
Panda Express
Dining
10,965 visits/mo
0.2 miles
Burger King
Dining
10,942 visits/mo
0.2 miles
Rally's
Dining
9,114 visits/mo
0.3 miles
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property with perimeter fencing and on-site parking for customers, employees, or tenants.
Where is this conventional restaurant located?
The property is located at 1011 N Fresno Street Fresno, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 1,144 square feet of building area; Restaurant‑oriented commercial building on a corner lot; Approximately 7 parking spaces
