Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2888 E Shepherd Ave Fresno, CA 93720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space connected to 255 luxury multi-family units.

    Property size:
    1,496 SF
    Lot size:
    0.80 Acres

    Property Features for 2888 E Shepherd Ave

    General Information

    Size
    1,496 SF
    Lot size
    0.80 Acres

    We can help!

    Listing Contact
    Michael Kennedy
    Michael Kennedy
    Source: Moodyscre

    Listing Agency: Retail California Commercial Real Estate Listing Agent: Michael Kennedy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in High-End Apartments

    This retail space is directly linked to 255 luxury multi-family units. The location along the Willow Avenue corridor provides access to one of the primary commercial arterials serving both Fresno and Clovis, California. The average household income within a 3-mile radius is $128,200K. The property offers 1496 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flora Flower Co (Bike/Boat/Book/etc) Store Capriotti's Sandwich Shop Take-out & Catering StretchLab Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.741739
    Latitude
    36.865776

    Nearby Similar for Lease

    • $4,000 /Mo
      4,955 SF

      Fresno Commercial Space Available

      4,955 SF flex/industrial/office space for lease in Fresno.
      3870 N Ann Ave, Fresno, CA 93727
      View Details
    • Contact for pricing

      CA, Fresno - 1690 W Shaw Ave

      Discover many ways to work your way in Greenwich
      1690 Shaw Ave, Fresno, CA 93711
      View Details
    • Sponsored
      Contact for pricing

      CA, Fresno - E River Park Circle

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      265 River Park Cir, Fresno, CA 93720
      View Details
    • $1.55 SF/Yr
      11,974 SF

      Fresno Office Space For Lease

      Commercial property for lease in a vibrant Fresno location.
      776 East Shaw Ave, Fresno, CA 93710
      View Details
    • $1.35 SF/Yr
      45,667 SF

      Fresno Flex Space Available

      Flex building with office and warehouse space for lease.
      4910 E Ashlan Ave, Fresno, CA 93726
      View Details
    • $2,300 /Mo
      1,702 SF

      Turn Key Restaurant Space

      Restaurant space with full kitchen, tables, and seating.
      3298 E Mckinley Ave, Fresno, CA 93722
      View Details
    • $2,250 /Mo
      816 SF

      Retail Space with Auto Sales Zoning

      816 SF retail space with approved zoning for auto sales.
      166 N Abby St, Fresno, CA 93701
      View Details
    • $950 /Mo
      570 SF

      End Cap Office Unit

      Office space with private restroom and rear entrance available forrent.
      1228 P St, Fresno, CA 93721
      View Details
    • $2 SF/Yr
      2,175 SF

      Workshop/Office/Warehouse with Yard

      Turn-key space with yard, parking, and easy freeway access.
      3953 N Blackstone Ave, Fresno, CA 93726
      View Details
    • $2 SF/Yr
      2,228 SF

      Move-in-Ready Medical Office Space

      Class A medical office space with high-end finishes and ample parking.
      1865 E Alluvial Ave, Fresno, CA 93720
      View Details
    • $4,000 /Mo
      4,000 SF

      Office and Warehouse Space Available

      Turn-key office and warehouse space near Fresno Yosemite International Airport.
      5718 E Shields Ave, Fresno, CA 93722
      View Details
    • $2 SF/Yr
      2,020 SF

      Prime Fresno Retail Opportunity

      High-traffic retail space in central Fresno with on-site parking.
      4190 E Ventura Ave, Fresno, CA 93702
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space connected to 255 luxury multi-family units.
    Where is this retail space located?
    The property is located at 2888 E Shepherd Ave Fresno, CA.
    What are key features of this property?
    This property features: - 255 luxury multi-family units; - Direct link to 35,000 sf of retail; - Located along willow avenue corridor
    (559) 447-6271 Call to check price and availability
    Request Owner's contact information
    2888 E Shepherd Ave Fresno, CA 93720
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2888 E Shepherd Ave
    Fresno, CA 93720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2888 E Shepherd Ave Fresno, CA 93720
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Kennedy
    Michael Kennedy
    (559) 447-6271 (559) 256-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!