Mixed-Use Property with Multiple
For Sale
$1,149,000
1920 W Belmont Avenue, Fresno, CA 93728
Commercial property with an operating hydroponics shop, additional shop space, and two updated residential units.
Property Size12,699 SF
Lot Size2.00 Acres
Days on Market166
Property Features for 1920 W Belmont Avenue
General Information
Standard status
Active
Size
12,699 SF
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
NMX
Additional Details
Highway Access
Yes
Amenities
central heat and air
dual pane windows
Building Details
Building Size
12,699 SF
Year Built
1960
Buildings
5
Stories
1
Tenancy
Multi
Listing Agency:
Universal Realty Services, Inc.
(559) 903-0743
Listed By:
Roger Guizar
(559) 903-0743
Source:
Coalingamidstaterealty
Added: Feb 27
Changed: Aug 12
Last Checked: Aug 12 at 4:52AM
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 Universal Realty Services, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes several existing structures supporting both commercial and residential occupancy. The rear building houses an operating hydroponics shop, while a smaller shop in the center is vacant. The front portion includes a potential automotive-shop area along with two updated homes. One residence has three bedrooms and one bathroom; the other has one bedroom and one bathroom. Both homes include central heat and air conditioning and dual-pane windows.
The property is located at 1920 W Belmont Avenue in Fresno, approximately two minutes from the freeway. NMX zoning is identified for the site. The buildings provide a combination of operating commercial space, additional shop area, and residential units within one property, with the existing layout accommodating multiple components.
The property is located at 1920 W Belmont Avenue in Fresno, approximately two minutes from the freeway. NMX zoning is identified for the site. The buildings provide a combination of operating commercial space, additional shop area, and residential units within one property, with the existing layout accommodating multiple components.
Key Highlights
- NMX zoning
- Operating hydroponics shop in the rear building
- Smaller vacant shop located in the center
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
$93,305
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
8.12%
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%
$1,866,100
$1.9M
Cap Rate 7%
$1,332,929
$1.3M
Cap Rate 9%
$1,036,722
$1.0M
Market Conditions
NOI Build-Up for 12,699 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
$135.6K $10.68/SF
− Vacancy
−$2.3K −$0.18/SF
EGI
$133.3K $10.50/SF
− OpEx
−$40.0K −$3.15/SF
NOI
$93.3K $7.35/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
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%
$1,866,100
Cap Rate 7%
$1,332,929
Cap Rate 9%
$1,036,722
Alternative Uses
Best Use
Mixed Use
$2.42M
$2.11M – $2.82M
NOI $169,198 @ 7.0% cap · market cap 14.73%
Second Best
Retail
$2.13M
$1.86M – $2.48M
NOI $148,807 @ 7.0% cap · market cap 12.95%
Theoretical Best
Office A
$3.74M
$3.27M – $4.37M
NOI $261,955 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with an operating hydroponics shop, additional shop space, and two updated residential units.
Where is this mixed-use property located?
The property is located at 1920 W Belmont Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: NMX zoning; Operating hydroponics shop in the rear building; Smaller vacant shop located in the center
