Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Shop on Large Lot Title is generated by Realmo AI

    990 W Elm Avenue, Coalinga, CA 93210

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,900

    Commercial shop with additional lot, zoned for cannabis.

    Type:Commercial/Industrial
    Property size:
    11,180 SF
    Lot size:
    1.13 Acres
    Price / SF:
    $53/SF
    Added:
    Mar 12, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 2:53 am

    Property Features for 990 W Elm Avenue

    General Information

    Standard status
    Active
    Size
    11,180 SF
    Lot size
    1.13 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Tawnya Stevens
    Tawnya Stevens

    Listing agent Tawnya Stevens License #01202124

    Listing office Mid State Realty

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Mid State Realty

    HighLights

    • Zoned for Cannabis Use
    • Large Lot Size: 49,240 sq.ft. (Total for Both Parcels)
    • Commercial Shop: 4920 sq.ft. (60'x82')
    • Additional Office Space: 1380 sq.ft. (30'x46')
    • Includes an Additional Lot on Elm Ave
    • Year Built: 1982

    Overview

    This commercial property features a 4,920 square foot shop, measuring 60 feet by 82 feet, along with a 1,380 square foot office measuring 30 feet by 46 feet. Situated on Elm Avenue, the property includes an additional lot, bringing the total lot size to 49,240 square feet. The property is zoned for cannabis use, presenting a potential opportunity for related businesses. The shop's layout and the additional lot offer various possibilities for commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eternal Life Gospel ... Church Rito 1 Construction ... General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Coalinga
    County
    Fresno
    State
    California
    Longitude
    -120.371
    Latitude
    36.1294

    Nearby Similar for Sale

    • $1,988,888
      3,845 SF

      Coalinga Commercial Office Building

      Office building in Coalinga, CA, totaling 3,845 square feet.
      406 E Elm Avenue, Coalinga, CA 93210
      View Details
    • $625,995
      3,066 SF

      Coalinga Commercial Building For Sale

      Commercial building in Coalinga, CA, offering 3,066 square feet.
      160 N 5Th Street, Coalinga, CA 93210
      View Details
    • $350,000
      1,800 SF

      Coalinga Multifamily Investment Opportunity

      Two homes on 1.2 acres with development potential.
      672 E Tache, Coalinga, CA 93210
      View Details
    • $425,000
      4,212 SF

      Commercial Property in Coalinga, CA

      Commercial property for sale in Coalinga, California.
      251 S 6th Street, Coalinga, CA 93210
      View Details
    • $520,000
      6,000 SF

      Coalinga Commercial Property For Sale

      6,000 sqft warehouse/industrial property on 0.7 acres in Coalinga.
      150 W Glenn Avenue, Coalinga, CA 93210
      View Details
    • $665,000
      5,124 SF

      Coalinga Commercial Building For Sale

      5,124 SF commercial building in Coalinga, CA available.
      270 N 5Th Street, Coalinga, CA 93210
      View Details
    • $1,988,888
      3,845 SF

      Commercial Investment Opportunity on Corner Lot

      Turnkey commercial property with high visibility and ample parking.
      406 E Elm, Coalinga, CA 93210
      View Details
    • $599,000
      8,944 SF

      Coalinga Commercial Property For Sale

      8,944 sqft commercial property on 0.96 acres in Coalinga.
      800 W Elm Avenue, Coalinga, CA 93210
      View Details
    • $9,999,000
      76,650 SF

      Coalinga Detention Facility on 21.2 Acres

      76,650 SF former detention facility on 21.2 acres.
      185 W Gale, Coalinga, CA 93210
      View Details
    • $600,000
      4,111 SF

      Adaptable Retail Space Available

      Versatile 4,111 SF retail property suitable for various businesses.
      286 Coalinga Plaza, Coalinga, CA
      View Details
    • $450,000

      Coalinga Commercial Property with Warehouses

      Versatile commercial property with warehouse space and convenient location.
      175 S 6th Street, Coalinga, CA 93210
      View Details
    • $2,019,000
      3,264 SF

      Coalinga Office Building For Sale

      Office building with 3,264 square feet of space available.
      406 E Elm Ave, Coalinga, CA
      View Details

    FAQs

    What type of property is this?
    Cannabis property - Commercial shop with additional lot, zoned for cannabis.
    Where is this cannabis property located?
    The property is located at 990 W Elm Avenue Coalinga, CA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Zoned for Cannabis Use; Large Lot Size: 49,240 sq.ft. (Total for Both Parcels); Commercial Shop: 4920 sq.ft. (60'x82')
    (559) 935-5123
    We can help!
    Listing Contact
    Tawnya Stevens
    Tawnya Stevens
    Real Estate License ID: 01202124
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    990 W Elm Avenue, Coalinga, CA 93210
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!