Sign Up Successful!
You now have access to more from Realmo!
    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

    28103 Sky Harbour Rd Friant, CA 93626

    Sponsored
    For Sale
    $44,900

    0.27-acre lot in Friant, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 0.27-acre residential lot, located at 28103 Sky Harbour Rd in Friant, California (zip code 93626), presents a fantastic opportunity for building your dream home. Situated within the Millerton Lake Park Estates subdivision (Lot 167, Tract No. 1718), this property boasts convenient access to public water and sewer services. Utilities include propane gas and public electricity, ensuring a seamless transition into comfortable living. The lot is zoned AE40, and its APN is 1185010109. Priced affordably at $44,900, this land parcel offers a compelling investment in a desirable location within Fresno County. Buyers should conduct their own due diligence to verify all zoning and utility information. The property's coordinates are approximately 37.03017946616204 latitude and -119.65323552150734 longitude. Don't miss this chance to acquire a piece of land in a peaceful and established community. This is a prime opportunity for those seeking to build their future in a tranquil setting with readily available amenities.

    Property Features for 28103 Sky Harbour Rd

    General Information

    Property type
    Land
    Lot Size
    11,761 SF

    We can help!

    Listing Contact
    Angela DeSantis
    Angela DeSantis

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Hotel & Motel Kitchen & Bath Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Friant
    County
    Fresno
    State
    California
    Longitude
    -119.65323552151
    Latitude
    37.030179466162

    Nearby Comparable

    • $38,900
      0.22 Acres

      Prime Friant Residential Lot

      Build Your Dream Home on 0.22 Acres
      28113 Sky Lake Dr, Friant, CA 93626
      View Details
    • $61,000

      Land For Sale

      Land available for sale.
      28589 Sky Harbour Rd, Friant, CA 93626
      View Details
    • $49,000
      0.47 Acres

      49752 Ralston Rdg

      Land • 0.47 Acres
      49752 Ralston Rdg, Friant, CA 93626
      View Details
    • $49,000

      Open Land Near Millerton Lake

      0.47 acres of land with seller financing available.
      49752 Ralston Rdg, Friant, CA 93626
      View Details

    Nearby Similar for Sale

    • $675,000
      78,408 SF

      Friant Commercial Land For Sale

      1.8 acre commercial lot in Friant, California.
      44704 Road 145, Friant, CA 93626
      View Details

    FAQs

    What type of property is this?
    Land - 0.27-acre lot in Friant, CA
    Where is this land located?
    The property is located at 28103 Sky Harbour Rd Friant, CA.
    What is the asking price?
    The asking price for this property is $44,900.
    (559) 299-9836
    Request Owner's contact information
    28103 Sky Harbour Rd Friant, CA 93626
    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.
    28103 Sky Harbour Rd
    Friant, CA 93626
    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
    28103 Sky Harbour Rd Friant, CA 93626
    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!
    Listing Contact
    Angela DeSantis
    Angela DeSantis
    Real Estate License ID: CalBRE# 02035543
    (559) 299-9836
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.