Listing Agency: Century 21 - Mueller Commercial | Sacramento Show Phone

Listed By: Daniel Mueller

Source: Moodyscre

Added: Apr 8, 2025 Changed: Oct 17 Last Checked: Oct 20 at 8:22PM

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Investment Insights

Based on property information with market context.

This is a retail investment opportunity featuring a free-standing building. The property has a size of 12096 square feet.

Key Highlights

• Retail Investment
• Free Standing
• Retail Investment Opportunity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,741

Cap Rate

6.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,834,820 $2.8M

Cap Rate 7%

$2,024,871 $2.0M

Cap Rate 9%

$1,574,900 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,096 SF

Gross rent

$217.7K $18.00/SF

− Vacancy

−$15.2K −$1.26/SF

EGI

$202.5K $16.74/SF

− OpEx

−$60.7K −$5.02/SF

NOI

$141.7K $11.72/SF

Area

Fresno, CA

Vacancy

7.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,834,820

Cap Rate 7%

$2,024,871

Cap Rate 9%

$1,574,900

Alternative Uses

Best Use

Retail

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,741 @ 7.0% cap · market cap 6.62%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.56M

$3.12M – $4.16M (±1% cap)

NOI $249,516 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Amazon Locker - Chevre Courier Service Dollar Tree Discount Store

Suggested Use

Top Pick Kitchen & Bath Showroom Real Estate Agency Law Firm Skin Care Clinic Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

527

Businesses Nearby

153k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 45% Dining 34% Groceries 21%

Save Mart Groceries

32,337 visits/mo 0.2 miles

Starbucks Dining

22,927 visits/mo 0.2 miles

Dollar Tree Shops & Services

22,054 visits/mo 0.2 miles

Panda Express Dining

19,528 visits/mo 0.5 miles

dd's DISCOUNTS Shops & Services

19,404 visits/mo 0.2 miles

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail investment opportunity in a free-standing building.

Where is this retail space located?

The property is located at 4021 E Ashlan Ave Fresno, CA.

What is the asking price?

The asking price for this property is $2,140,993.

What are key features of this property?

This property features: Retail Investment; Free Standing; Retail Investment Opportunity