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

    2948 Tulare Ave Fresno, CA 93721

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.54 Acres, High Visibility, Mixed-Use Zoning

    Property Features for 2948 Tulare Ave

    General Information

    Property type
    Land
    Lot Size
    23,522 SF

    We can help!

    Listing Contact
    Menas Arisian
    Menas Arisian

    Listing Agency: Newmark Pearson Commercial | Fresno Listing Agent: Menas Arisian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 0.54-acre commercial vacant land parcel presents a compelling investment opportunity in Fresno, California. Strategically located at 2948 E Tulare Ave, 93721, this highly visible property boasts prime frontage on Tulare Avenue, directly off Highway 41. The property is zoned NMX (Neighborhood Mixed-Use), offering diverse development potential. Permitted uses under this zoning include a range of commercial ventures, such as independent retail shops, professional offices, and multi-story residential buildings (two to three stories). The location offers significant advantages, including proximity to downtown Fresno, easy freeway access, and the Community Regional Medical Center, ensuring high traffic volume and excellent visibility. The asking price has been reduced, making this an even more attractive proposition for developers seeking a high-impact location with substantial growth potential. The APN numbers are 468-390-55S & 468-390-63. This site's versatility makes it suitable for a variety of projects, including, but not limited to, medical office space integrated with mixed-use components. Don't miss this chance to acquire a premier commercial lot in a thriving Fresno location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Florine R. Palmer ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.7755997424
    Latitude
    36.743058968167

    Nearby Similar for Sale

    • New
      $995,000
      Pending

      Fresno Commercial Building For Sale

      8,139 SF office building on 0.26 acres in Fresno.
      1401 N Wishon Ave, Fresno, CA 93728
      View Details
    • $450,000
      1,650 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      4584 E Tulare St, Fresno, CA 93702
      View Details
    • $399,000
      1,488 SF

      Fresno Office For Sale

      Office property in Fresno, CA, with 1,488 square feet.
      90 E Magill Ave, Fresno, CA 93710
      View Details
    • New
      $199,000
      5,330 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      441 W Olive Ave, Fresno, CA 93728
      View Details
    • $725,000
      5,720 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, CA, ideal for auto-related businesses.
      1824 E Mckinley Ave, Fresno, CA 93703
      View Details
    • New
      $615,000
      2,400 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, California, available for purchase.
      2381 S Taylor Ave, Fresno, CA 93706
      View Details
    • $250,000
      2,800 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California, offering 2,800 square feet.
      242 E Lewis Ave, Fresno, CA 93701
      View Details
    • $884,000
      7,586 SF

      Pinedale Commercial Property for Sale

      Commercial property in Pinedale, CA, featuring 7586 square feet of space.
      30 E Minarets Ave, Pinedale, CA 93650
      View Details
    • $1,499,900
      9,200 SF

      Fresno Commercial Warehouse For Sale

      9,200 sqft warehouse on 0.48 acres in Fresno, CA.
      4751 N El Capitan Ave, Fresno, CA 93722
      View Details
    • New
      $990,000
      Pending

      Fresno Multifamily Investment Opportunity

      Eight-unit multifamily property in Fresno, fully occupied with reliable income.
      422 N Glenn Ave, Fresno, CA 93701
      View Details
    • $600,000
      1,597 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California, with 1597 square feet.
      1276 N 1St St, Fresno, CA 93703
      View Details
    • $597,000
      2,159 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      2051 N Fresno St, Fresno, CA 93703
      View Details

    FAQs

    What type of property is this?
    Land - 0.54 Acres, High Visibility, Mixed-Use Zoning
    Where is this land located?
    The property is located at 2948 Tulare Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Price reduction on a 0.54-acre commercial vacant land parcel in Fresno, CA.; High visibility location at 2948 E Tulare Ave, with frontage on Tulare Ave and easy Highway 41 access.; NMX (Neighborhood Mixed-Use) zoning allows for diverse development, including retail, offices, and 2-3 story residential.
    (559) 432-6200 Call to check price and availability
    Request Owner's contact information
    2948 Tulare Ave Fresno, CA 93721
    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.
    2948 Tulare Ave
    Fresno, CA 93721
    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
    2948 Tulare Ave Fresno, CA 93721
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Menas Arisian
    Menas Arisian
    Real Estate License ID: 01948029
    (559) 432-6200 (559) 430-9884 (559) 322-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!