Renovated Corner Restaurant
For Sale
Contact for pricing
Pending
4020 N Cedar Avenue, Fresno, CA 93726
Fully renovated, fully occupied restaurant building with an outdoor patio and existing kitchen infrastructure.
Property Size6,489 SF
Days on Market137
Property Features for 4020 N Cedar Avenue
General Information
Standard status
Pending
Size
6,489 SF
Total Parking Spaces
40
Property subtype
Retail
Zoning
CRC
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Additional Details
Highway Access
Yes
Liquor License
Yes
Amenities
open floor plan
L-shaped bar
banquet hall
built-in fireplace
outdoor patio
Building Details
Year Built
2008
Stories
1
Tenancy
Single
Listing Agency:
Mark Saito Company
(559) 284-9028
Listed By:
Patrick Monreal · License #CA 02007579
Source:
Crexi
Added: Apr 9
Changed: Aug 14
Last Checked: Aug 22 at 5:41PM
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 Mark Saito Company
Investment Insights
Based on property information with market context.
The Saito Company presents a fully renovated, fully occupied restaurant building positioned on a high-visibility corner. The building includes an open floor plan, an L-shaped bar, and features designed to support on-premise dining, including an optional banquet hall and a built-in fireplace. Exterior amenities include a 2,000± square foot outdoor patio. Additional operational support includes a transferable liquor license and existing kitchen infrastructure within the property’s current footprint.
Located in the heart of one of Fresno’s most active retail corridors, the property offers convenient access to both 168 and 41. Nearby center tenants include Me-N-Ed’s, Panda Express, Metal Mark, Western Dental, and Club One Casino, contributing to an established customer base within the center.
Located in the heart of one of Fresno’s most active retail corridors, the property offers convenient access to both 168 and 41. Nearby center tenants include Me-N-Ed’s, Panda Express, Metal Mark, Western Dental, and Club One Casino, contributing to an established customer base within the center.
Key Highlights
- 2008‑built, fully renovated 6,489 SF restaurant building that is currently fully occupied
- High‑visibility corner location with convenient access to 168 and 41
- Open floor plan with L‑shaped bar, optional banquet hall, and built‑in fireplace
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
$72,505
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
3.37%
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%
$1,450,100
$1.5M
Cap Rate 7%
$1,035,786
$1.0M
Cap Rate 9%
$805,611
$805.6K
Market Conditions
NOI Build-Up for 6,489 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
$101.2K $15.60/SF
− Vacancy
−$4.6K −$0.70/SF
EGI
$96.7K $14.90/SF
− OpEx
−$24.2K −$3.72/SF
NOI
$72.5K $11.17/SF
Area
ZIP 93726
Vacancy
4.50%
Lease Rate
$15.60 /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%
$1,450,100
Cap Rate 7%
$1,035,786
Cap Rate 9%
$805,611
Alternative Uses
Best Use
Specialty Retail
$1.04M
$906.3K – $1.21M
NOI $72,505 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,189 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
7,428 visits/mo
0.3 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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated, fully occupied restaurant building with an outdoor patio and existing kitchen infrastructure.
Where is this conventional restaurant located?
The property is located at 4020 N Cedar Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 2008‑built, fully renovated 6,489 SF restaurant building that is currently fully occupied; High‑visibility corner location with convenient access to 168 and 41; Open floor plan with L‑shaped bar, optional banquet hall, and built‑in fireplace
