Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Hwy 99 Selma, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with highway frontage in Selma, California.

    Type:LAND
    Lot size:
    28.63 Acres
    Added:
    Jun 24, 2024
    Days on Market:
    683
    Last Refresh:
    Apr 5 at 11:17 pm

    Property Features for Hwy 99

    General Information

    Standard status
    Active
    Lot size
    28.63 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Nick J. Audino

    Listing agent Nick J. Audino

    Listing office Newmark Pearson Commercial | Fresno

    Listing date Jun 24, 2024

    Source Moodyscre

    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 Newmark Pearson Commercial | Fresno

    HighLights

    • Zoned for Regional Commercial use.
    • Fronts CA‑99 for approximately 1/2 mile.
    • Located within Selma, CA city limits.
    • Utilities provided by Selma‑Kingsburg‑Fowler County Sanitation District.
    • Entitled for commercial use.
    • Adjacent to existing industrial zoning.

    Overview

    Selma Commercial Land For Sale

    This commercial land is located within the city limits of Selma, California, and is zoned for Regional Commercial use. Situated just north of the Mountain View exit, the property offers approximately 1/2 mile of frontage along CA-99 to the west and borders Golden State Blvd to the east. The Selma-Kingsburg-Fowler County Sanitation District is slated to provide utilities, including the subject property within its current service area. The property is currently entitled for commercial development and is adjacent to existing industrial zoning.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Selma
    County
    Fresno
    State
    California
    Longitude
    -119.612
    Latitude
    36.5708

    Nearby Similar for Sale

    • $59,950,000
      159,600 SF

      Selma Commercial Property for Sale

      Large industrial property in Selma, California, totaling 159,600 square feet.
      5414 E Floral Avenue, Selma, CA 93662
      View Details
    • $750,000

      Selma, CA Agricultural Land

      9.76 acres of agricultural land with two water sources.
      9449 S Mccall Avenue, Selma, CA 93662
      View Details
    • $59,950,000
      159,600 SF

      Selma Processing and Storage Facility

      Large-capacity nut processing and storage facility on approximately 80 acres.
      5414 E Floral Ave, Selma, CA 93662
      View Details
    • $1,299,999

      Selma Farm with Plums, Grapes

      Farm in Selma, CA with plums, grapes, residences, and shops.
      11227 S Academy Ave, Selma, CA 93662
      View Details
    • Contact for pricing
      17,780 SF

      High-Visibility Corner Retail Opportunity

      Retail property with high visibility and strong corridor presence.
      2640 Floral Ave, Selma, CA
      View Details
    • $1,800,000
      1,800 SF

      27.5 Acres Vineyard with Shop

      Productive vineyard with development potential near Selma, California.
      9577 South Del Rey Avenue, Selma, CA 93662
      View Details
    • $2,200,000

      Dual-Home Estate with Shops

      Rare estate featuring two homes, shops, pool, and acreage.
      16240 S Fowler Ave, Selma, CA
      View Details
    • $1,415,275

      Selma, California Land Opportunity

      Raw land parcel in high-growth Selma, California area.
      8938 Rose Ave, Selma, CA
      View Details
    • $649,000
      5,985 SF

      Freestanding Leased Investment Opportunity

      Leased building with six spaces and upside potential.
      2107 1st St, Selma, CA
      View Details
    • Contact for pricing

      Commercial Land in Selma, CA

      Commercial land available in Selma, California, near CA-99.
      10864 E Mountain View Ave, Selma, CA
      View Details
    • Contact for pricing

      Selma Commercial Land For Sale

      Commercial land available in Selma, CA, with highway frontage.
      12630 S Van Horn Ave, Selma, CA
      View Details
    • Contact for pricing

      Commercial Land in Selma, CA

      Commercial land with highway frontage in Selma, California.
      12737 S Van Horn Ave, Selma, CA
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with highway frontage in Selma, California.
    Where is this land located?
    The property is located at Hwy 99 Selma, CA.
    What are key features of this property?
    This property features: Zoned for Regional Commercial use.; Fronts CA‑99 for approximately 1/2 mile.; Located within Selma, CA city limits.
    (559) 284-2396 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick J. Audino
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Hwy 99 , Selma, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!