Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Community Shopping Center Retail Space Title is generated by Realmo AI

    Bullard & First St, Fresno, CA 93710

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Well-maintained shopping center anchored by Save Mart.

    Type:Retail, Restaurant
    Added:
    Aug 20, 2018
    Days on Market:
    2845
    Last Refresh:
    May 12 at 9:10 pm

    Property Features for Bullard & First St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at Bullard & First St Contact us

    We can help!

    Listing Contact
    Shane Sousa
    Shane Sousa

    Listing agent Shane Sousa License #CA 02152527

    Listing office Retail California

    Listing date Aug 20, 2018

    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 Retail California

    HighLights

    • Anchored by Save Mart, a well‑known grocery store.
    • Features a newly built Red Carpet Ride N’ Shine car wash.
    • Located in a well‑maintained community shopping center.
    • High‑traffic location with diverse mix of retailers.
    • Includes national chains such as Walgreens, Rite Aid, and Citibank.
    • Offers a variety of food options including Subway, KFC and Me & Ed’s Pizza.

    Overview

    The Hoover Marketplace is a community shopping center anchored by Save Mart. The center also features a newly built Red Carpet Ride N’ Shine car wash. Other nearby retailers include Walgreens, Rite Aid, 99 Cents Only, Citibank, Super Cuts, Port of Subs, Me & Ed’s Pizza, Subway, Rally’s, and KFC.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Vitality Improvement Products — 5150 N 6th St #129, Fresno, CA 93710
    • RJ's Photo Booth Rental & Photography — 5730 N First St STE 105, Fresno, CA 93710
    • Hoover Marketplace — n first st, fresno, ca 93710
    • Coinstar Kiosk | Bitcoin ATM — Save Mart, 5750 N First St, Fresno, CA 93710

    Map

    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.76
    Latitude
    36.8229

    Nearby Similar for Lease

    • Sponsored
      $129-$5,686/Mo
      11-1,292 SF

      CA, Fresno - 1690 W Shaw Ave

      1690 Shaw Ave, Fresno, CA 93711
      View Details
    • $1.35 SF/Yr
      45,667 SF

      Fresno Flex Space Available

      Flex building with office and warehouse space for lease.
      4910 E Ashlan Ave, Fresno, CA 93726
      View Details
    • $1.55 SF/Yr
      11,974 SF

      Fresno Office Space For Lease

      Commercial property for lease in a vibrant Fresno location.
      776 East Shaw Avenue, Fresno, CA 93710
      View Details
    • $1,768/Mo
      1,768 SF

      Retail Space on Blackstone Avenue

      Retail space available for rent on Blackstone Avenue.
      2721 N Blackstone Ave, Fresno, CA 93703
      View Details
    • $1,600/Mo
      2,360 SF

      Retail Space on Blackstone Avenue

      Retail space available for lease on Blackstone Avenue.
      1311 N Blackstone Ave, Fresno, CA 93728
      View Details
    • $1.50 SF/Yr
      3,378 SF

      Move-in-Ready Medical Office Space

      Class A medical office space with high-end finishes.
      311 N Abby St, Fresno, CA
      View Details
    • $23 SF/Yr
      3,350 SF

      Professional Office Space Available

      Well-kept office space with on-site parking near Freeway 41.
      575 E Locust Ave, Fresno, CA 93720
      View Details
    • $1.50 SF/Yr
      7,200 SF

      Blackstone Avenue Shopping Center Space

      Retail space in high-traffic shopping center on Blackstone Avenue.
      3720 N Blackstone Ave, Fresno, CA
      View Details
    • $2 SF/Yr
      2,175 SF

      Workshop/Office/Warehouse with Yard

      Turn-key space with yard, parking, and easy freeway access.
      3953 N Blackstone Ave, Fresno, CA
      View Details
    • $800/Mo
      3,250 SF

      Retail Space on Ashlan Avenue

      Retail space available at Ashlan and Willow Avenues.
      4942 - 4980 E Ashlan Ave, Fresno, CA 93726
      View Details
    • $1.85 SF/Yr
      2,127 SF

      Palm Avenue Office Space Available

      Office space featuring private offices, reception, and conference room.
      6781 N Palm Ave, Fresno, CA 93704
      View Details
    • $1.15 SF/Yr
      6,020 SF

      Fresno Office Space Available

      Office space in Fresno, CA, near major highways.
      2491 W Shaw Ave Suite 101, Fresno, CA 93711
      View Details

    FAQs

    What type of property is this?
    Shopping center - Well-maintained shopping center anchored by Save Mart.
    Where is this shopping center located?
    The property is located at Bullard & First St Fresno, CA.
    What are key features of this property?
    This property features: Anchored by Save Mart, a well‑known grocery store.; Features a newly built Red Carpet Ride N’ Shine car wash.; Located in a well‑maintained community shopping center.
    (559) 432-6200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shane Sousa
    Shane Sousa
    Real Estate License ID: CA 02152527
    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
    Bullard & First St, Fresno, CA 93710
    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!