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    2434 Weber Ave Fresno, CA 93705

    Sponsored
    For Lease
    Contact for pricing

    7,400 SF Retail Building, 2,800 SF Available

    Lot size:
    7,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 7,400 square foot retail property, located at 2434 N. Weber Avenue in Fresno, California, presents a compelling investment opportunity. The single-story building, constructed in 1965, sits on a sizable 20,908 square foot lot (APN 442-212-49). Currently, 2,800 square feet of retail space is available for lease, offering a unique chance to establish a business in a high-traffic area. The property's history as a nightclub provides a blank canvas for creative retail concepts, with ample space for customization and adaptation. The building's substantial size allows for multiple tenants, making it ideal for a variety of retail uses. The property is situated in Fresno, CA, zip code 93705, offering convenient access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-located, spacious retail property with significant potential for growth and profitability. The property's size and location make it an attractive option for businesses seeking a prominent presence in the Fresno market. The available space offers flexibility for various retail ventures, capitalizing on the building's existing infrastructure and high visibility. This is a chance to secure a valuable asset in a dynamic and growing area.

    Property Features for 2434 Weber Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,400 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Former Night Club Space
    Size
    2,800 SF

    HighLights

    • 7,400 SF retail building on a 20,908 SF lot in Fresno, CA (APN 442‑212‑49).
    • Versatile space suitable for various uses, with 2,800 SF currently available for lease.
    • High‑traffic location near Hwy 99, at the corner of Clinton & Weber Avenues.
    • Excellent street frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.8347815
    Latitude
    36.7728967

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    FAQs

    What type of property is this?
    Retail property - 7,400 SF Retail Building, 2,800 SF Available
    Where is this retail property located?
    The property is located at 2434 Weber Ave Fresno, CA.
    What are key features of this property?
    This property features: 7,400 SF retail building on a 20,908 SF lot in Fresno, CA (APN 442-212-49).; Versatile space suitable for various uses, with 2,800 SF currently available for lease.; High-traffic location near Hwy 99, at the corner of Clinton & Weber Avenues.
    Request Owner's contact information
    2434 Weber Ave Fresno, CA 93705
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    Fresno, CA 93705
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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
    2434 Weber Ave Fresno, CA 93705
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