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    330 Bullard Ave Fresno, CA 93710

    Sponsored
    For Lease
    $18 SF/Yr ($16,356 /Mo)

    High-traffic retail space available now.

    Lot size:
    10,904 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This single-story, 10,904 square foot retail strip center is located on a 0.98-acre corner lot at the intersection of Bullard Avenue and Fresno Street in Fresno County. Built in 2005, the property boasts excellent visibility and signage opportunities due to its prime corner location. The center currently has 1,336 square feet of vacant space available for lease, ideal for a variety of retail uses. The property is zoned CG and features convenient access to Highway 41, ensuring high traffic counts and strong potential for customer reach. The APN is 409-200-45. This is a fantastic opportunity for businesses seeking a high-visibility location with ample space in a well-established retail area. The property offers a blend of established tenancy and immediate occupancy potential, making it an attractive investment for both established and emerging businesses. The existing building provides a solid foundation for immediate operations, minimizing upfront investment costs. The ample lot size provides potential for future expansion or outdoor amenities. Don't miss this chance to secure a prominent retail presence in a thriving Fresno County location.

    Property Features for 330 Bullard Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,904 SF
    Total Rate
    16356

    Building Details

    Year Built
    2005
    Stories
    1

    Unit(s) available at that property

    Space
    330
    Size
    1,336 SF
    Rate per SF
    $18

    HighLights

    • 10,904 SF retail strip center on a 0.98‑acre lot.
    • 1,336 SF of vacant space available.
    • Located at the corner of Bullard Avenue and Fresno Street in Fresno County.
    • Built in 2005, single‑story building with CG zoning.
    • Excellent traffic counts due to proximity to Highway 41; signage opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    RixtheBarber@LVL Barber Shop Anthony Terrazas - Barber Barber Shop LVL Barbershop Barber Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.78364304259
    Latitude
    36.823184258348

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space available now.
    Where is this neighborhood center located?
    The property is located at 330 Bullard Ave Fresno, CA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 10,904 SF retail strip center on a 0.98-acre lot.; 1,336 SF of vacant space available.; Located at the corner of Bullard Avenue and Fresno Street in Fresno County.
    Request Owner's contact information
    330 Bullard Ave Fresno, CA 93710
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    Fresno, CA 93710
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    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.

    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
    330 Bullard Ave Fresno, CA 93710
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