Renovated Restaurant with Outdoor
For Sale
Contact for pricing
826 Pollasky Ave, Clovis, CA 93612
Updated restaurant space with dining areas, a service counter, upgraded restrooms, and patio seating.
Property Size4,899 SF
Price / SF$530.72
Days on Market215
Property Features for 826 Pollasky Ave
General Information
Standard status
Active
Size
4,899 SF
Property subtype
RETAIL
Additional Details
Patio
Yes
Building Details
Year Renovated
2024
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 779-4912
Listed By:
Jeff A. Wolpert
(559) 779-4912
Source:
Moodyscre
Added: Jan 27
Changed: Aug 29
Last Checked: Aug 29 at 2:32PM
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 Newmark Pearson Commercial | Fresno
Investment Insights
Based on property information with market context.
This conventional restaurant property was renovated in 2024 with contemporary finishes and updated kitchen infrastructure. The interior includes open dining areas, a service counter, and upgraded restrooms, while the layout separates front-of-house and back-of-house functions for practical daily operations.
An outdoor patio provides additional seating capacity and extends the usable customer area beyond the main dining space. The combination of restaurant-specific improvements, existing service infrastructure, and a defined indoor-outdoor configuration supports continued restaurant use.
An outdoor patio provides additional seating capacity and extends the usable customer area beyond the main dining space. The combination of restaurant-specific improvements, existing service infrastructure, and a defined indoor-outdoor configuration supports continued restaurant use.
Key Highlights
- Renovated in 2024 with modern finishes
- Updated kitchen infrastructure
- Open dining areas with a functional service counter
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
$74,205
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
2.85%
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%
$1,484,100
$1.5M
Cap Rate 7%
$1,060,071
$1.1M
Cap Rate 9%
$824,500
$824.5K
Market Conditions
NOI Build-Up for 4,899 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
$105.8K $21.60/SF
− Vacancy
−$6.9K −$1.40/SF
EGI
$98.9K $20.20/SF
− OpEx
−$24.7K −$5.05/SF
NOI
$74.2K $15.15/SF
Area
Clovis, CA
Vacancy
6.50%
Lease Rate
$21.60 /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%
$1,484,100
Cap Rate 7%
$1,060,071
Cap Rate 9%
$824,500
Alternative Uses
Best Use
Specialty Retail
$1.06M
$927.6K – $1.24M
NOI $74,205 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,395 @ 7.0% cap · market cap 3.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 10%
Hotels & Casinos 4%
Beauty & Spa 4%
Bank of America
Shops & Services
12,454 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,579 visits/mo
0.3 miles
Valero Energy
Shops & Services
8,238 visits/mo
0.3 miles
America's Tire Store
Shops & Services
4,777 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
4,692 visits/mo
0.2 miles
Demographics for 93612, CA
37,368
Population
14,362
Households
2.6
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
5,577
Density / Sq Mi
$64,079
Median Household Income
$40,460
Median Earnings
$1,410
Median Rent
$311,700
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 - Updated restaurant space with dining areas, a service counter, upgraded restrooms, and patio seating.
Where is this conventional restaurant located?
The property is located at 826 Pollasky Ave Clovis, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Renovated in 2024 with modern finishes; Updated kitchen infrastructure; Open dining areas with a functional service counter
