Easton Retail Strip Center For
5751 S Elm Ave Fresno, CA 93706
5751 S Elm Ave, Fresno, CA, 93706
Contact for pricing
For Sale
Contact for pricing
Pending
7,440 SF retail strip center with five spaces.
Property Size7,440 SF
Days on Market748
Property Features for 5751 S Elm Ave
General Information
- Standard status
- Pending
- Size
- 7,440 SF
- Property subtype
- Retail
Listing Agency
RC Commercial
(559) 448-1500
Listed by
Derek Feramisco · License #CA 01427540
Source
Crexi
Added: Jul 3, 2024 Updated: Jul 10 at 3:45 pm Checked: Jul 19 at 5:38 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.9k | $18.00 |
| − Vacancy | −$9.4k | −$1.26 |
| EGI | $124.5k | $16.74 |
| − OpEx | −$37.4k | −$5.02 |
| NOI | $87.2k | $11.72 |
7,440 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
Quickeroo
Grocery & Convenience Store
K & C Donuts ...
Bakery
Westamerica Bank
Bank
Similar For Sale Nearby
FAQs
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.
