Grocery Store For
For Sale
Contact for pricing
2820 Tulare St, Fresno, CA 93721
15,000 SF grocery store available for purchase.
Property Size15,000 SF
Price / SF$286.67
Days on Market190
Property Features for 2820 Tulare St
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$247,500
Building Details
Year Built
2009
Year Renovated
2014
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Hanley Investment Group
(844) 585-7684
Listed By:
Sean Cox · License #CA 02114392
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 9 at 12:43PM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
A 15,000 square foot grocery store is available for sale. Additional information can be found in the offering memorandum.
Key Highlights
- Standalone building presents a unique opportunity.
- Built in 2009.
- Located in Fresno.
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
$203,040
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
4.72%
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%
$4,060,800
$4.1M
Cap Rate 7%
$2,900,571
$2.9M
Cap Rate 9%
$2,256,000
$2.3M
Market Conditions
NOI Build-Up for 15,000 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
$288.0K $19.20/SF
− Vacancy
−$17.3K −$1.15/SF
EGI
$270.7K $18.05/SF
− OpEx
−$67.7K −$4.51/SF
NOI
$203.0K $13.54/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$4,060,800
Cap Rate 7%
$2,900,571
Cap Rate 9%
$2,256,000
Alternative Uses
Best Use
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $203,040 @ 7.0% cap · market cap 4.72%
Second Best
Retail
$2.51M
$2.20M – $2.93M
NOI $175,770 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,420 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,157
Businesses Nearby
111k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 25%
Groceries 13%
Office Supplies 10%
McDonald's
Dining
33,177 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
13,943 visits/mo
0.1 miles
Office Depot
Office Supplies
11,070 visits/mo
0.2 miles
ARCO
Shops & Services
8,817 visits/mo
0.4 miles
Starbucks
Dining
8,726 visits/mo
0.1 miles
Demographics for 93721, CA
7,899
Population
2,621
Households
3
Avg Household Size
35
Median Age
12%
College-Educated
69%
High-School Grad
2.0 sq mi
ZIP Area
3,950
Density / Sq Mi
$32,602
Median Household Income
$26,746
Median Earnings
$915
Median Rent
$219,000
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
- Ventura Supermarket — 3232 E Ventura Ave #3244, Fresno, CA 93702
- Grocery Outlet — 2820 Tulare St, Fresno, CA 93721
- Ventura Market — 3232 e ventura ave, fresno, ca 93702
- El Super — 3190 E Tulare St, Fresno, CA 93702
- ATM (Snappy Food & Liquor) — 2111 Ventura St, Fresno, CA 93721
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 15,000 SF grocery store available for purchase.
Where is this grocery and convenience store located?
The property is located at 2820 Tulare St Fresno, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Standalone building presents a unique opportunity.; Built in 2009.; Located in Fresno.
