Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Development Land Title is generated by Realmo AI

    507 W Shields Ave, Fresno, CA 93705

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two parcels at signalized intersection, ideal for retail development.

    Type:Retail
    Property size:
    2,541 SF
    Added:
    Oct 18, 2024
    Days on Market:
    594
    Last Refresh:
    May 12 at 9:20 pm

    Property Features for 507 W Shields Ave

    General Information

    Standard status
    Active
    Size
    2,541 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Nick Rendino

    Listing agent Nick Rendino License #01431389

    Listing office Commercial Retail Associates

    Listing date Oct 18, 2024

    Source Crexi

    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 Commercial Retail Associates

    HighLights

    • Located at a major signalized intersection.
    • Great visibility.
    • High traffic counts.
    • Ideal development site.
    • Suitable for a variety of Retail applications.
    • Potential development site for C‑Store, QSR, or Auto Parts.

    Overview

    This offering comprises two individual parcels situated at a major signalized intersection, providing high visibility and traffic counts. The combined properties present an ideal development site suitable for a variety of retail applications. Potential development options include a convenience store, quick-service restaurant, or auto parts store. The property size is 2541 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casy Haircutters Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.806175
    Latitude
    36.779724

    Nearby Similar for Sale

    • $750,000
      11,500 SF

      Sorority House Near Bulldog Stadium

      Sorority house with 13 bedrooms near Fresno State University.
      5327 N Millbrook Avenue, Fresno, CA 93710
      View Details
    • $625,000
      4,402 SF

      Office Building For Sale

      Compact office property in Fresno available for sale, offering space that can work well for small businesses.
      2950 Mariposa Street, Fresno, CA 93721
      View Details
    • $725,000
      5,720 SF

      Automotive Service Retail Building

      For sale automotive service/retail building on a compact lot, ideal for owner-operators or auto-related users.
      1824 E Mckinley Avenue, Fresno, CA 93703
      View Details
    • $1,200,000
      5,059 SF

      Fresno Commercial Property For Sale

      Commercial property in Fresno, CA, offering 5,059 square feet.
      1490 W Shaw Avenue, Fresno, CA 93711
      View Details
    • $989,900
      5,867 SF

      Fresno Commercial Property For Sale

      Commercial property in Fresno, CA, ideal for retail or automotive.
      5935 E Clinton Avenue, Fresno, CA 93727
      View Details
    • $839,900
      4,032 SF

      Four-Unit Multifamily Property in Fresno

      Well-maintained, fully occupied four-unit property near River Park.
      366 E El Paso Avenue, Fresno, CA 93720
      View Details
    • $899,000
      4,590 SF

      Fresno Income-Producing Fourplex

      Well-maintained fourplex in Fresno with recent upgrades and low expenses.
      3420 N Van Ness Boulevard, Fresno, CA 93704
      View Details
    • $315,000
      5,044 SF

      Office Building for Sale

      Well-sized office property on its own parcel, offering a straightforward option for owner-users or investors.
      1524 N West Avenue, Fresno, CA 93728
      View Details
    • $699,000
      3,388 SF

      Fresno Fourplex Investment Opportunity

      Fully occupied fourplex in Fresno with strong income potential.
      150 W Whites Bridge Avenue, Fresno, CA 93706
      View Details
    • $1,950,000
      11,040 SF

      Fresno Multifamily Value-Add Opportunity

      Two-story, 15-unit complex near Fresno State University and Fashion Fair Mall.
      1348 E San Bruno Avenue, Fresno, CA 93710
      View Details
    • $1,170,000
      5,505 SF

      New Triplex in Growing Fresno

      New triplex with income potential in Fresno's growing area.
      5454 W Fairmont Avenue, Fresno, CA 93722
      View Details
    • $1,100,000
      9,240 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, CA, featuring 9,240 square feet.
      1380 N Abby Street, Fresno, CA 93703
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two parcels at signalized intersection, ideal for retail development.
    Where is this commercial land located?
    The property is located at 507 W Shields Ave Fresno, CA.
    What are key features of this property?
    This property features: Located at a major signalized intersection.; Great visibility.; High traffic counts.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Rendino
    Real Estate License ID: 01431389
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    507 W Shields Ave, Fresno, CA 93705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!