4-Unit Retail Strip
For Sale
$1,200,000
493 W Shaw Ave, Fresno, CA 93704
All four retail units are occupied, producing rental income from the property.
Property Size5,830 SF
Price / SF$205.83
Days on Market21
Property Features for 493 W Shaw Ave
General Information
Standard status
Active
Size
5,830 SF
Occupancy
100%
Site & Location
Neighborhood
Bullard
Additional Details
Tenant in Place
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northridge Homes Inc
(559) 214-0150
Listed By:
Bassam Fares · License #01505826
(559) 906-3026
Source:
Exprealty
Added: Oct 15
Changed: Nov 3
Last Checked: Nov 3 at 2:39PM
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 Northridge Homes Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit retail strip center is fully leased, with 100% occupancy and rental income from its occupied spaces. The property is located at 493 W Shaw Ave in Fresno, California.
Key Highlights
- Four retail units with 100% occupancy
- Located at 493 W Shaw Ave in Fresno, California
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,316
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,320
$1.4M
Cap Rate 7%
$975,943
$975.9K
Cap Rate 9%
$759,067
$759.1K
Market Conditions
NOI Build-Up for 5,830 SF
Gross rent
$104.9K $18.00/SF
− Vacancy
−$7.3K −$1.26/SF
EGI
$97.6K $16.74/SF
− OpEx
−$29.3K −$5.02/SF
NOI
$68.3K $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 Rate 5%
$1,366,320
Cap Rate 7%
$975,943
Cap Rate 9%
$759,067
Alternative Uses
Best Use
Retail
$975.9K
$854.0K – $1.14M
NOI $68,316 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,261 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
194k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 26%
Apparel 20%
Shops & Services 12%
Whole Foods Market
Groceries
51,358 visits/mo
0.2 miles
lululemon athletica
Apparel
20,749 visits/mo
0.3 miles
Jack's Urban Eats
Dining
16,084 visits/mo
0.3 miles
Starbucks
Dining
13,009 visits/mo
0.3 miles
The Habit Burger Grill
Dining
12,246 visits/mo
0.3 miles
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - All four retail units are occupied, producing rental income from the property.
Where is this strip mall located?
The property is located at 493 W Shaw Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four retail units with 100% occupancy; Located at 493 W Shaw Ave in Fresno, California
