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

    18463 Road 23 Madera, CA 93637

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1800 SF Retail, Highway 99, CA

    Lot size:
    1,800 SF

    Property Features for 18463 Road 23

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,800 SF

    Spaces For Lease

    at 18463 Road 23, Madera, CA 93637 Contact us

    We can help!

    Listing Contact
    Nathan Simpson

    Listing Agency: Commercial Retail Associates Listing Agent: Nathan Simpson

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

    Learn more

    Overview

    This exceptional 1,800 square foot retail space in Madera County, California, presents a rare drive-thru opportunity. Located at 18463 Rd 23, Madera, CA 93637, this single-tenant property boasts a prime location on heavily traveled Highway 99, ensuring high visibility and substantial daily traffic. The building's prominent freeway pylon signage further enhances its marketing potential, maximizing exposure to passing motorists. The property is entirely vacant, offering immediate occupancy for a wide range of retail or restaurant concepts. Its classification as both retail and restaurant space allows for diverse business possibilities. The property is situated in Madera County and offers a unique chance to establish a thriving business in a high-traffic area. The address is easily accessible from Highway 99, providing convenient access for customers. This 1,800 square foot building presents a significant opportunity for businesses seeking high visibility and convenient access for customers. The drive-thru feature is a highly desirable asset in today's fast-paced market. Don't miss this chance to secure a prime commercial location on a major California highway. This property is ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shell Grocery & Convenience Store Rocket Grocery & Convenience Store CoinFlip Bitcoin ATM Bank Krispy Krunchy Chicken Restaurant Taco Bell Restaurant

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Auto Repair Shop Garden Center Cafe & Coffee Shop Auto Parts Store Bakery Barber Shop Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Madera
    County
    Madera
    State
    California
    Longitude
    -120.12936472716
    Latitude
    37.017901134072

    Nearby Similar for Lease

    • $1.35 SF/Yr
      3,712 SF

      Medical/Professional Office Space Available

      Class A office space with ample parking and high visibility.
      2425 W Cleveland Ave, Madera, CA 93637
      View Details
    • $1.75 SF/Yr
      5,424 SF

      New Office Building Under Construction

      Brand new office building for rent, estimated completion Q4 2025.
      2365 W Cleveland Ave, Madera, CA 93637
      View Details
    • $2 SF/Yr
      2,500 SF

      Medical Office Space Available

      Class-A office building near Madera Community Hospital, 2500 SF.
      451 E Almond Ave, Madera, CA 93637
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Madera, CA

      Retail space available in high-traffic Madera shopping center.
      313-345 W Olive Ave, Madera, CA 93637
      View Details
    • Contact for pricing
      3,850 SF

      Retail Space Near Freeway 99

      Retail space available near Freeway 99 and Madera Fairgrounds.
      2330-2390 W Cleveland Ave, Madera, CA 93637
      View Details
    • $1.15 SF/Yr
      2,400 SF

      Retail Spaces in High-Traffic Area

      Move-in ready retail spaces with high visibility and ample parking.
      201 S Gateway Dr, Madera, CA 93637
      View Details
    • $0.85 SF/Yr
      3,700 SF

      Retail Space in Madera, CA

      Commercial retail spaces available in Madera, California.
      401 N E St, Madera, CA 93638
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space in Growing Community

      Retail space available in a rapidly expanding master-planned community.
      S Riverwalk Blvd, Madera, CA
      View Details
    • Contact for pricing
      7,200 SF

      Retail Space in Growing Community

      Retail space available in a rapidly expanding master-planned community.
      Riverwalk Blvd S, Madera, CA
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space in Growing Community

      Retail space available in a rapidly expanding master-planned community.
      S Riverwalk Blvd, Madera, CA
      View Details
    • $0.75 SF/Yr
      965 SF

      Functional Warehouse Spaces For Rent

      Warehouse spaces with frontage on North "E" Street available for rent.
      610 N E St, Madera, CA 93638
      View Details
    • $1.75 SF/Yr
      1,745 SF

      Madera Office Space Available

      Office space available for lease in Madera, California.
      413 W Yosemite Ave, Madera, CA 93637
      View Details

    FAQs

    What type of property is this?
    Restaurant - 1800 SF Retail, Highway 99, CA
    Where is this restaurant located?
    The property is located at 18463 Road 23 Madera, CA.
    What are key features of this property?
    This property features: 1,800 SF retail space with drive-thru in Madera County, CA.; Located at 18463 Rd 23, Madera, CA 93637, on heavily trafficked Highway 99.; High visibility due to freeway pylon signage.
    (559) 650-1300 Call to check price and availability
    Request Owner's contact information
    18463 Road 23 Madera, CA 93637
    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.
    18463 Road 23
    Madera, CA 93637
    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
    18463 Road 23 Madera, CA 93637
    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
    Nathan Simpson
    Real Estate License ID: 02083153
    (559) 650-1300 (559) 650-1306
    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!