Prime Fresno Corner
For Sale
$1,995,000
276 N Abby St, Fresno, CA 93701
Highly visible showroom, service, and accessory buildings on over one acre.
Property Size10,863 SF
Price / SF$183.65
Days on Market266
Property Features for 276 N Abby St
General Information
Standard status
Active
Size
10,863 SF
Property subtype
Retail
Listing Agency:
SVN | Silveri Company
(616) 893-1398
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 14 at 5:33AM
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 SVN | Silveri Company
Investment Insights
Based on property information with market context.
Located on a busy signalized corner in Fresno, California, this property features 10,863 square feet of improved buildings on over one acre of paved land. The buildings include a showroom, offices, a conference room, a high-bay service building, and an accessory building with covered parking spaces. Each building is equipped with drive-in doors. Previously occupied by Century Motors Auto Dealership, this strategic corner location is situated between the Hwy 99/180/41 intersections. The surrounding area includes retailers such as McDonald's, Carl’s Jr, and Denny’s, as well as the Community Regional Medical Center. The location benefits from a dense population, with over 349,000 residents within a 5-mile radius and over 760,000 within a 10-mile radius. Recent appraisal, phase 1 report and a new survey are available.
Key Highlights
- Highly visible signalized corner location on a busy street.
- Over 1 acre of paved land with 10,863 SF of improved buildings (showroom, offices, service building, accessory building).
- Strategically located near Hwy 99/180/41 intersections and major retailers/Community Regional Medical 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
$127,293
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
6.38%
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%
$2,545,860
$2.5M
Cap Rate 7%
$1,818,471
$1.8M
Cap Rate 9%
$1,414,367
$1.4M
Market Conditions
NOI Build-Up for 10,863 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
$195.5K $18.00/SF
− Vacancy
−$13.7K −$1.26/SF
EGI
$181.8K $16.74/SF
− OpEx
−$54.6K −$5.02/SF
NOI
$127.3K $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%
$2,545,860
Cap Rate 7%
$1,818,471
Cap Rate 9%
$1,414,367
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,293 @ 7.0% cap · market cap 6.38%
Second Best
Industrial
$1.14M
$997.7K – $1.33M
NOI $79,815 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $224,082 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
68k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
McDonald's
Dining
33,177 visits/mo
0.5 miles
Valero Energy
Shops & Services
9,431 visits/mo
0.1 miles
ARCO
Shops & Services
8,817 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,826 visits/mo
0.2 miles
Carl's Jr.
Dining
3,596 visits/mo
0.3 miles
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
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
- THT ENTERPRISE LLC — 1444 Fulton St, Fresno, CA 93721
- Showroom Tints — 1559 Broadway St, Fresno, CA 93721
- Melero's Auto Repair — 1516 h st, fresno, ca 93721
- Rick's Tire & Services — 1501 Fulton St, Fresno, CA 93721
- Panda Tow Truck Service Fresno — 2348 Mariposa Mall, Fresno, CA 93721
Frequently Asked Questions
What type of property is this?
Auto shop - Highly visible showroom, service, and accessory buildings on over one acre.
Where is this auto shop located?
The property is located at 276 N Abby St Fresno, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Highly visible signalized corner location on a busy street.; Over 1 acre of paved land with 10,863 SF of improved buildings (showroom, offices, service building, accessory building).; Strategically located near Hwy 99/180/41 intersections and major retailers/Community Regional Medical Center.
