Retail Storefront for
For Sale
$450,000
2403 E Clinton Avenue, Fresno, CA 93703
COMMERCIAL - Fresno, CA
Property Size1,800 SF
Lot Size0.16 Acres
Price / SF$250
Days on Market47
Property Features for 2403 E Clinton Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
RS5/Retail
Exterior features
Brick/Block, Stucco, Steel Glass
Directions
Hwy 41 to Shields Ave exit, go left(East) to Fresno St. make a right (South) to Clinton Ave. turn right (West) location will be the third building on the right. Fresno St to Clinton turn left building will be on the right.
Subdivision
703
Standard status
Active
APN
44526413
Size
1,800 SF
Lot size
0.16 Acres
Building Details
Year built
1953
Floors in Building
1
Flooring type
Concrete
Roof type
Concrete, Flat
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Pasquale Di Cicco · License #02007958
(559) 490-1500
Added: Jun 25
Changed: Aug 10
Last Checked: Aug 10 at 7:06PM
MLS# 650960
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers 1,800 square feet of retail space on a 0.1645-acre lot. The asset is presented as a storefront-style commercial building within the retail property category.
Located at 2403 E Clinton Avenue in Fresno, California 93703, the property’s access and frontage are provided along E Clinton Avenue, supporting straightforward retail visibility for prospective customers.
For detailed leasing or merchandising options, buyers and brokers should review the property directly and confirm any improvements and intended configuration with the seller.
Located at 2403 E Clinton Avenue in Fresno, California 93703, the property’s access and frontage are provided along E Clinton Avenue, supporting straightforward retail visibility for prospective customers.
For detailed leasing or merchandising options, buyers and brokers should review the property directly and confirm any improvements and intended configuration with the seller.
Key Highlights
- Built in 1953
- Exterior materials include brick/block, stucco, and steel/glass elements
- Concrete flooring
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
$21,092
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
4.69%
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%
$421,840
$421.8K
Cap Rate 7%
$301,314
$301.3K
Cap Rate 9%
$234,356
$234.4K
Market Conditions
NOI Build-Up for 1,800 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
$32.4K $18.00/SF
− Vacancy
−$2.3K −$1.26/SF
EGI
$30.1K $16.74/SF
− OpEx
−$9.0K −$5.02/SF
NOI
$21.1K $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /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%
$421,840
Cap Rate 7%
$301,314
Cap Rate 9%
$234,356
Alternative Uses
Best Use
Retail
$301.3K
$263.7K – $351.5K
NOI $21,092 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,130 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Fastrip
Shops & Services
20,797 visits/mo
0.4 miles
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Manuel's Flower Shop — 1901 E Shields Ave, Fresno, CA 93726
- Maya Florist — 3228 Mayfair Blvd, Fresno, CA 93703
- Carmens flowers — 3203 E Shields Ave, Fresno, CA 93726
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property offering 1,800 square feet on a 0.1645-acre lot.
Where is this storefront property located?
The property is located at 2403 E Clinton Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Built in 1953; Exterior materials include brick/block, stucco, and steel/glass elements; Concrete flooring
