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    Tesoro Business Park Land Title is generated by Realmo AI

    Lyles Drive and Town Center Boulevard, Madera, CA 93636

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    Land in master-planned community with highway access and development potential.

    Type:Land
    Added:
    Aug 22, 2024
    Days on Market:
    653
    Last Refresh:
    May 12 at 9:37 pm

    Property Features for Lyles Drive and Town Center Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Nick Audino
    Nick Audino

    Listing agent Nick Audino License #CA 01231272

    Listing office Newmark - Fresno

    Listing date Aug 22, 2024

    Source Crexi

    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 Newmark - Fresno

    HighLights

    • Part of the Tesoro Viejo master‑planned community, offering a live, work, and play environment.
    • Highway 41 access, providing convenient transportation.
    • Planned as a highly successful employment center within a mixed‑use development.
    • Located in a rapidly growing community with over 775 homes occupied and 300+ additional homes expected per year.
    • Development includes up to 5,190 homes and 3 million square feet of non‑residential use.
    • Panoramic views of the Sierra Mountains, foothills, natural gorges, and preserved natural open space.

    Overview

    The Tesoro Business Park is part of the Tesoro Viejo Development Master Plan, offering a mix of light industrial uses with access to Highway 41. This development is planned to include up to 5,190 homes and approximately 3 million square feet of non-residential space. The business park aims to be a successful employment center, fostering a mixed-use environment where people can live, work, and play. Entitlements are underway for a self-service storage facility of approximately 166,300 square feet, featuring climate-controlled units and covered RV storage. Over 775 homes are currently occupied within the Tesoro Viejo community, with an anticipated 300 additional homes to be occupied each year. Tesoro Viejo is a master-planned community located in Madera, California, north of Fresno. Situated in the rolling hills of Central California, the community offers views of the Sierra Mountains, foothills, natural gorges, and preserved open space.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Madera
    County
    Madera
    State
    California
    Longitude
    -120.07
    Latitude
    36.9581

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    FAQs

    What type of property is this?
    Commercial land - Land in master-planned community with highway access and development potential.
    Where is this commercial land located?
    The property is located at Lyles Drive and Town Center Boulevard Madera, CA.
    What are key features of this property?
    This property features: Part of the Tesoro Viejo master‑planned community, offering a live, work, and play environment.; Highway 41 access, providing convenient transportation.; Planned as a highly successful employment center within a mixed‑use development.
    (559) 447-6292 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Audino
    Nick Audino
    Real Estate License ID: CA 01231272
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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.

    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.

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    Lyles Drive and Town Center Boulevard, Madera, CA 93636
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