Established Laundromat Business For
For Sale
$675,000
Pending
3275 Shields Avenue, Fresno, CA 93726
Thriving laundromat business with long-term lease and strong cash flow.
Property Size2,400 SF
Days on Market806
Property Features for 3275 Shields Avenue
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Business Opportunities
Amenities
3
Irregular
Listing Agency:
Legacy Real Estate Inc
(559) 201-8669
Listed By:
Jacob Fraga · License #02051741
(559) 334-7990
Source:
Xome
Added: Jun 17, 2024
Changed: Aug 12
Last Checked: Aug 30 at 2:18PM
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 Legacy Real Estate Inc
Investment Insights
Based on property information with market context.
A laundromat business opportunity is available for purchase at 3275 E Shields Ave, Fresno, CA. The Happy Wash & Dry Laundromat is a well-established business known for its cleanliness and reliable service. The business benefits from a 20-year lease, providing stability. The laundromat is fully equipped with high-quality washers and dryers, ensuring efficient operations. The property size is 2400 square feet. The business has a loyal customer base and is known for its friendly staff. This is a turnkey operation, ready for immediate takeover.
Key Highlights
- Strong cash flow provides an excellent investment opportunity
- Prime location at 3275 E Shields Ave, attracting a steady stream of customers
- Benefit from a 20‑year lease, providing stability and peace of mind
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
$23,031
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
3.41%
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%
$460,620
$460.6K
Cap Rate 7%
$329,014
$329.0K
Cap Rate 9%
$255,900
$255.9K
Market Conditions
NOI Build-Up for 2,400 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
$34.6K $14.40/SF
− Vacancy
−$1.7K −$0.69/SF
EGI
$32.9K $13.71/SF
− OpEx
−$9.9K −$4.11/SF
NOI
$23.0K $9.60/SF
Area
ZIP 93726
Vacancy
4.80%
Lease Rate
$14.40 /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%
$460,620
Cap Rate 7%
$329,014
Cap Rate 9%
$255,900
Alternative Uses
Best Use
Retail
$329.0K
$287.9K – $383.9K
NOI $23,031 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.7K
$435.5K – $580.6K
NOI $34,836 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
208k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 55%
Groceries 24%
Dining 9%
Electronics 6%
Target
Superstores
114,480 visits/mo
0.2 miles
Foods Co
Groceries
50,254 visits/mo
0.3 miles
Taco Bell
Dining
16,392 visits/mo
0.2 miles
Shell
Shops & Services
9,310 visits/mo
0.2 miles
GameStop
Electronics
7,297 visits/mo
0.2 miles
Demographics for 93726, CA
42,366
Population
15,744
Households
2.7
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
6.4 sq mi
ZIP Area
6,620
Density / Sq Mi
$51,913
Median Household Income
$31,697
Median Earnings
$1,254
Median Rent
$271,800
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.
Frequently Asked Questions
What type of property is this?
Retail space - Thriving laundromat business with long-term lease and strong cash flow.
Where is this retail space located?
The property is located at 3275 Shields Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Strong cash flow provides an excellent investment opportunity; Prime location at 3275 E Shields Ave, attracting a steady stream of customers; Benefit from a 20‑year lease, providing stability and peace of mind
