Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    882 Terrace Place Madera, CA 93636

    View on Map
    Claim this Listing
    For Sale
    $525,900

    LAND - Madera, CA

    Type:Single Family Residence
    Lot size:
    0.27 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    165
    Last Refresh:
    May 4 at 6:06 pm

    Property Features for 882 Terrace Place

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    081250029000
    Lot size
    0.27 Acres

    We can help!

    Listing Contact
    Laura Leffingwell

    Listing agent Laura Leffingwell

    Listing office London Properties, Ltd. 6442 N Maroa Avenue, Fresno, CA

    Listing date Nov 20, 2025

    MLS# 640294 Listing URL

    Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Premium Homesite in Tesoro Viejo

    This 0.27-acre homesite, Lot 255, is located in Terrace Estates at Tesoro Viejo, within the Hillside Village enclave. The property offers an opportunity to build a custom home with potential panoramic views of rolling foothills and the Sierra Nevada. Architectural styles including Tuscan, Spanish, Santa Barbara, Farmhouse, Modern Farmhouse, and Contemporary Rustic are approved for construction. The minimum home size is 2,000 sq ft, with a maximum height of 35 ft and up to 3 stories permitted. Residents have access to Tesoro Viejo's resort-style amenities, including The Ranch House Clubhouse, swimming pools, fitness center, neighborhood parks, walking/biking trails, an onsite school, and open spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madera
    County
    Madera
    State
    California
    Longitude
    -120.0705579
    Latitude
    36.9684154

    Nearby Similar for Sale

    • $895,000
      3,590 SF

      Retail Space in Madera, CA

      Retail space available for purchase in Madera, California.
      24110 Avenue 14, Madera, CA 93637
      View Details
    • $649,950
      2,633 SF

      Madera Commercial Redevelopment Opportunity

      Prime commercial property in Madera, CA, for redevelopment or mixed-use.
      17408 Road 26, Madera, CA 93638
      View Details
    • $750,000
      1,241 SF

      Madera Ranchos Multi-Family Property

      Rare income property with agricultural flexibility in Madera Ranchos.
      34937 Avenue 13 1/2, Madera, CA 93636
      View Details
    • $395,000
      1,800 SF

      Madera Commercial Property For Sale

      Commercial property in Madera, CA, with 1800 square feet.
      25954 Tanforan Drive, Madera, CA 93638
      View Details
    • $659,000
      3,000 SF

      Madera Commercial Property For Sale

      Commercial property in Madera, CA, ideal for retail or automotive.
      516 N Gateway Drive, Madera, CA 93637
      View Details
    • $899,000

      Madera Land Development Opportunity

      Nearly 10 acres of land ideal for development or agriculture.
      0 Krohn, MADERA, CA 93638
      View Details
    • $450,000
      2,500 SF

      Retail Property in Madera, CA

      Retail property for sale in Madera, California, offering 2,500 SF.
      Madera, CA 93638
      View Details
    • $1,600,000

      Productive Walnut Ranch in Madera

      57-acre walnut ranch in Madera Irrigation District.
      24290 Avenue 5, Madera, CA 93637
      View Details
    • $355,000

      Vacant Land in Madera, CA

      2.18-acre vacant land parcel in Madera, California.
      49140 Dublin Drive, Madera, CA 93636
      View Details
    • $550,000
      2,500 SF

      Madera Commercial Property For Sale

      Commercial property in Madera, CA, with 2500 square feet.
      Madera, CA 93637
      View Details
    • $825,900

      Tesoro Viejo Homesite with Views

      Expansive homesite in Tesoro Viejo with city light views.
      902 Terrace Place, Madera, CA 93636
      View Details
    • $1,500,000
      4,941 SF

      Multi-Use Investment Opportunity in Madera

      Multi-family property on 2.25 acres with development potential.
      34681 Avenue 12, Madera, CA 93636
      View Details

    FAQs

    What type of property is this?
    Land - Luxury homesite with resort-style amenities and potential panoramic views.
    Where is this land located?
    The property is located at 882 Terrace Place Madera, CA.
    What is the asking price?
    The asking price for this property is $525,900.
    What are key features of this property?
    This property features: Premium 11,776 sq ft homesite in the exclusive Hillside Village at Terrace Estates.; Potential panoramic views of rolling foothills and the Sierra Nevada mountains.; Choose your own builder and design a custom home to fit your lifestyle.
    (559) 436-4000
    We can help!
    Listing Contact
    Laura Leffingwell
    Learn More
    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
    882 Terrace Place, Madera, CA 93636
    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!