Retail Storefront in Neighborhood
For Sale
Contact for pricing
37303 Avenue 12, Madera, CA 93636
For-sale retail storefront near multiple schools and within a 5-mile trade area with strong household income.
Property Size9,026 SF
Price / SF$254.82
Days on Market974
Property Features for 37303 Avenue 12
General Information
Standard status
Active
Size
9,026 SF
Property subtype
RETAIL
Listing Agency:
Century 21 - Mueller Commercial | Sacramento
(916) 704-9341
Listed By:
Daniel Mueller
Source:
Moodyscre
Added: Dec 21, 2023
Changed: Aug 19
Last Checked: Aug 19 at 5:30AM
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 Century 21 - Mueller Commercial | Sacramento
Investment Insights
Based on property information with market context.
This for-sale retail storefront is marketed within a broader neighborhood shopping environment. The provided remarks emphasize local demand drivers including proximity to Independence Continuation High, Liberty High School, Ranchos Middle School, and Wester Elementary, which serve over 2,000 students, faculty, and staff.
Within a 5-mile radius, the remarks cite average household income of over $105,053. The public remarks also note nearby tenants including U-Haul, Napa Auto Parts, National Petroleum, Pizza Factory, Ranchos Café, El Rinconcito Mexican Grill, Subway, and State Foods Supermarket.
The remarks further place the trade area within minutes of Fresno, citing Fresno’s population of over 527,438 and its access to Fresno Yosemite International Airport, along with regional context for Madera and the Madera-Chowchilla Metropolitan Statistical area.
Within a 5-mile radius, the remarks cite average household income of over $105,053. The public remarks also note nearby tenants including U-Haul, Napa Auto Parts, National Petroleum, Pizza Factory, Ranchos Café, El Rinconcito Mexican Grill, Subway, and State Foods Supermarket.
The remarks further place the trade area within minutes of Fresno, citing Fresno’s population of over 527,438 and its access to Fresno Yosemite International Airport, along with regional context for Madera and the Madera-Chowchilla Metropolitan Statistical area.
Key Highlights
- Retail storefront at the intersection of Joiner Pkwy and First Street in Lincoln, CA (Joiner Parkway Plaza).
- Nearest Dollar General approximately 15 miles away, with only two other smaller grocery/needs markets in the area.
- Within 5 minutes of Independence Continuation High, Liberty High School, Ranchos Middle School, and Wester Elementary Schools serving 2,000+.
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
$184,462
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
8.02%
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%
$3,689,240
$3.7M
Cap Rate 7%
$2,635,171
$2.6M
Cap Rate 9%
$2,049,578
$2.0M
Market Conditions
NOI Build-Up for 9,026 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
$279.4K $30.96/SF
− Vacancy
−$15.9K −$1.76/SF
EGI
$263.5K $29.20/SF
− OpEx
−$79.1K −$8.76/SF
NOI
$184.5K $20.44/SF
Area
Madera County, CA
Vacancy
5.70%
Lease Rate
$30.96 /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%
$3,689,240
Cap Rate 7%
$2,635,171
Cap Rate 9%
$2,049,578
Alternative Uses
Best Use
Retail
$2.64M
$2.31M – $3.07M
NOI $184,462 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,511 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Dollar General
Shops & Services
9,972 visits/mo
0.1 miles
Sinclair
Shops & Services
7,521 visits/mo
0.1 miles
Valero Energy
Shops & Services
6,326 visits/mo
0.3 miles
Pizza Factory
Dining
3,059 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
2,850 visits/mo
0.1 miles
Demographics for 93636, CA
14,004
Population
4,759
Households
2.9
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
197.5 sq mi
ZIP Area
71
Density / Sq Mi
$124,024
Median Household Income
$63,375
Median Earnings
$1,788
Median Rent
$483,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail storefront near multiple schools and within a 5-mile trade area with strong household income.
Where is this retail space located?
The property is located at 37303 Avenue 12 Madera, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Retail storefront at the intersection of Joiner Pkwy and First Street in Lincoln, CA (Joiner Parkway Plaza).; Nearest Dollar General approximately 15 miles away, with only two other smaller grocery/needs markets in the area.; Within 5 minutes of Independence Continuation High, Liberty High School, Ranchos Middle School, and Wester Elementary Schools serving 2,000+.
