Updated Fine Dining Restaurant with Full
For Sale
Contact for pricing
6650 North Cedar Avenue, Fresno, CA 93710
The space includes a full bar and Type 47 alcohol license.
Property Size2,400 SF
Price / SF$199.58
Days on Market11
Property Features for 6650 North Cedar Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
2020
Year Renovated
2020
Listing Agency:
Realty Concepts Fresno
(559) 490-1500
Listed By:
Jaspal (Jas) Gahunia · License #CA 01932247
Source:
Crexi
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 20 at 10:11AM
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 Realty Concepts Fresno
Investment Insights
Based on property information with market context.
This fine-dining restaurant business occupies 2,400 SF and includes a full bar with a Type 47 alcohol license. The interior and operating systems were updated, including plumbing, electrical, counters, equipment, upholstery, and climate-control equipment. A walk-in cooler and ice machine are also included.
Built in 2020, the restaurant is located at 6650 North Cedar Avenue in Fresno, within the NE Fresno area. The site is described as having convenient access and surrounding neighborhood and commercial activity. The operation is offered as a turnkey business, with the existing restaurant format available for continuation or adaptation.
Built in 2020, the restaurant is located at 6650 North Cedar Avenue in Fresno, within the NE Fresno area. The site is described as having convenient access and surrounding neighborhood and commercial activity. The operation is offered as a turnkey business, with the existing restaurant format available for continuation or adaptation.
Key Highlights
- 2,400 SF fine‑dining restaurant space with a full bar
- Type 47 alcohol license included
- Updates include plumbing, electrical, counters, equipment, and upholstery
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
$32,486
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
6.78%
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%
$649,720
$649.7K
Cap Rate 7%
$464,086
$464.1K
Cap Rate 9%
$360,956
$361.0K
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
$46.1K $19.20/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$43.3K $18.05/SF
− OpEx
−$10.8K −$4.51/SF
NOI
$32.5K $13.54/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$649,720
Cap Rate 7%
$464,086
Cap Rate 9%
$360,956
Alternative Uses
Best Use
Specialty Retail
$464.1K
$406.1K – $541.4K
NOI $32,486 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
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 - The space includes a full bar and Type 47 alcohol license.
Where is this conventional restaurant located?
The property is located at 6650 North Cedar Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2,400 SF fine‑dining restaurant space with a full bar; Type 47 alcohol license included; Updates include plumbing, electrical, counters, equipment, and upholstery
