Easton Retail Strip Center For
For Sale
Contact for pricing
Pending
5751 S Elm Ave, Fresno, CA 93706
7,440 SF retail strip center with five spaces.
Property Size7,440 SF
Days on Market793
Property Features for 5751 S Elm Ave
General Information
Standard status
Pending
Size
7,440 SF
Property subtype
Retail
Listing Agency:
RC Commercial
Listed By:
Derek Feramisco · License #CA 01427540
(559) 448-1500
Source:
Crexi
Added: Jul 3, 2024
Changed: Aug 14
Last Checked: Sep 3 at 2:39AM
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 RC Commercial
Investment Insights
Based on property information with market context.
This 7,440 SF retail strip center is located in Easton, CA, at the southwest corner of Frantz Avenue and South Elm Avenue. The building comprises five spaces with a mix of tenants. Current tenants include Quickaroo (2,000 SF, month-to-month), Subway (1,000 SF, lease expiring in 2028), West America (1,340 SF, lease expiring in 2025), and a donut shop (2,000 SF, month-to-month). There is also a vacant space of 1,000 SF. Rents are below market value, presenting an opportunity for investors to increase rents and convert leases to triple net leases.
Key Highlights
- 7,440 SF retail strip center.
- Located at the corner of Frantz and Elm Ave.
- Significant upside potential by raising rents to market rates.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,743,640
$1.7M
Cap Rate 7%
$1,245,457
$1.2M
Cap Rate 9%
$968,689
$968.7K
Market Conditions
NOI Build-Up for 7,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$133.9K $18.00/SF
− Vacancy
−$9.4K −$1.26/SF
EGI
$124.5K $16.74/SF
− OpEx
−$37.4K −$5.02/SF
NOI
$87.2K $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,743,640
Cap Rate 7%
$1,245,457
Cap Rate 9%
$968,689
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.45M
NOI $87,182 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,472 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Dollar General
Shops & Services
11,571 visits/mo
0.4 miles
Valero Energy
Shops & Services
9,245 visits/mo
0.2 miles
SUBWAY
Dining
1,592 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
611 visits/mo
0.2 miles
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 7,440 SF retail strip center with five spaces.
Where is this strip mall located?
The property is located at 5751 S Elm Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7,440 SF retail strip center.; Located at the corner of Frantz and Elm Ave.; Significant upside potential by raising rents to market rates.
