Sign Up Successful!
You now have access to more from Realmo!
    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

    315 E Olive Ave Fresno, CA 93728

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Vacant land available for lease in Fresno's Tower District.

    Lot size:
    0.47 Acres

    Property Features for 315 E Olive Ave

    General Information

    Lot size
    0.47 Acres

    We can help!

    Listing Contact
    Shane Sousa
    Shane Sousa
    Source: Moodyscre

    Listing Agent: Shane Sousa

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

    Learn more

    Property Insight Report

    Overview

    Vacant Land in Tower District

    The subject property is vacant land located at the northeast corner of Olive and Palm avenues, proposed as a retail development. The available land, totaling 20,650 square feet, is situated at the northeast corner of the signalized intersection of Olive and Palm avenues in Fresno’s Tower District. It is available for lease, ground lease, or build-to-suit. The land is adjacent to a Circle K convenience store and gas station, Palm-Olive Car Wash, Vintage Antiques, and other local retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tink Construction Construction Company TNT Fireworks Fireworks Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.81581
    Latitude
    36.75731

    Nearby Similar for Lease

    • $2.00 SF/Yr
      Pending

      Fresno Warehouse Space Available

      Industrial warehouse space for lease in Fresno, California.
      2428 S West Ave, Fresno, CA 93706
      View Details
    • $1.00 SF/Yr
      4,955 SF

      Fresno Flex/Industrial Space Available

      Flex/industrial space for rent in Fresno, CA.
      1568 N Woodrow Ave, Fresno, CA 93703
      View Details
    • $31,240
      81,400 SF

      Versatile Industrial Complex in Fresno

      Multiple buildings with office, warehouse, and industrial spaces for lease.
      2660 S Dearing Ave, Fresno, CA 93703
      View Details
    • $0.95 SF/Yr
      4,795 SF

      Fresno Industrial Flex Space

      Industrial/flex space available with new finishes and convenient location.
      5096 N Blythe Ave, Fresno, CA 93706
      View Details
    • $0.85 SF/Yr
      9,000 SF

      Versatile Industrial Space Available

      Industrial space with office, warehouse, and convenient location.
      2695 North Fowler Ave, Fresno, CA 93727
      View Details
    • $350,000
      3,000 SF

      Freestanding Retail Building Near Tower District

      High-exposure, move-in ready retail building near Fresno's Tower District.
      915 N Fulton St, Fresno, CA 93728
      View Details
    • $1.25 SF/Yr
      2,063 SF

      Move-In Ready Office Spaces Available

      Professional office spaces with multiple configurations and convenient location.
      5756 N Marks Ave, Fresno, CA 93711
      View Details
    • $6,995,000
      42,300 SF

      Prime Retail Corridor Community Center

      High-exposure retail space with pylon signage in Clovis.
      147 West Shaw Ave, Fresno, CA 93710
      View Details
    • $0.85 SF/Yr
      3,500 SF

      Turn-Key Restaurant Space Available

      3,500 SF restaurant space in downtown Fresno, CA for lease.
      1703 Fulton St, Fresno, CA 93721
      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
    • Contact for pricing
      126,765 SF

      Former Walmart Retail Opportunity

      Large retail space with flexible leasing options and high traffic.
      3680 W Shaw Ave, Fresno, CA 93711
      View Details
    • $1.05 SF/Yr
      1,461 SF

      Remodeled Class A Office Space

      Move-in ready office space with gated parking and easy access.
      4321 N West Ave, Fresno, CA 93705
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant land available for lease in Fresno's Tower District.
    Where is this commercial land located?
    The property is located at 315 E Olive Ave Fresno, CA.
    What are key features of this property?
    This property features: - High-traffic location at a signalized intersection (Olive & Palm) in Fresno's Tower District.; - Vacant land suitable for retail development (lease, ground lease, or build-to-suit options).; - Sizeable lot: 20,650 square feet available.
    (559) 256-1700
    Request Owner's contact information
    315 E Olive Ave Fresno, CA 93728
    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.
    315 E Olive Ave
    Fresno, CA 93728
    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
    315 E Olive Ave Fresno, CA 93728
    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!
    Listing Contact
    Shane Sousa
    Shane Sousa
    Real Estate License ID: CA 02152527
    (559) 256-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.