Freestanding Retail Building with
For Sale
Contact for pricing
2151 W Shaw Avenue, Fresno, CA 93711
Signalized-corner retail property with a drive-through lane near a substantial concentration of office space.
Property Size4,707 SF
Price / SF$361.16
Days on Market14
Property Features for 2151 W Shaw Avenue
General Information
Standard status
Active
Size
4,707 SF
Property subtype
Retail, Office
Site & Location
Drive-Thru
Yes
Traffic Count
82,000 vehicles/day
Road Access
Yes
Amenities
Drive-Thru Lane
Building Details
Buildings
1
Listing Agency:
Commercial Retail Associates
(559) 650-1300
Listed By:
Bryan Cifranic · License #01809130
Source:
Crexi
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 9:57AM
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 Commercial Retail Associates
Investment Insights
Based on property information with market context.
This 4,707-square-foot freestanding retail building includes a drive-through lane and occupies a signal-controlled intersection. The configuration supports retail operations that benefit from convenient vehicle access and customer pickup or service circulation.
The property is positioned at Shaw Avenue and West Avenue in Fresno, where reported traffic exceeds 82,000 cars per day. Nearby context includes the Van Ness Extension and Old Fig Garden, while the West Shaw office submarket contains approximately 2.3 million square feet of office space. That surrounding office concentration contributes to daytime customer activity in the area.
The property is positioned at Shaw Avenue and West Avenue in Fresno, where reported traffic exceeds 82,000 cars per day. Nearby context includes the Van Ness Extension and Old Fig Garden, while the West Shaw office submarket contains approximately 2.3 million square feet of office space. That surrounding office concentration contributes to daytime customer activity in the area.
Key Highlights
- 4,707‑square‑foot freestanding retail building
- Drive‑through lane included
- Signalized intersection at Shaw Avenue and West Avenue
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
$69,687
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
4.10%
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%
$1,393,740
$1.4M
Cap Rate 7%
$995,529
$995.5K
Cap Rate 9%
$774,300
$774.3K
Market Conditions
NOI Build-Up for 4,707 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
$98.8K $21.00/SF
− Vacancy
−$5.9K −$1.26/SF
EGI
$92.9K $19.74/SF
− OpEx
−$23.2K −$4.94/SF
NOI
$69.7K $14.81/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,393,740
Cap Rate 7%
$995,529
Cap Rate 9%
$774,300
Alternative Uses
Best Use
Office B
$995.5K
$871.1K – $1.16M
NOI $69,687 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$788.0K
$689.5K – $919.3K
NOI $55,157 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,096 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
82,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 93711, CA
37,901
Population
16,643
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
3,384
Density / Sq Mi
$97,492
Median Household Income
$53,122
Median Earnings
$1,561
Median Rent
$469,800
Median Home Value
Market
Vacancy Rate% for Office 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?
Retail space - Signalized-corner retail property with a drive-through lane near a substantial concentration of office space.
Where is this retail space located?
The property is located at 2151 W Shaw Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,707‑square‑foot freestanding retail building; Drive‑through lane included; Signalized intersection at Shaw Avenue and West Avenue
