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    Property profile & analytics

    1343 Manning Ave Reedley, CA 93654-2352

    • Retail space
    • 13,206 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2602833
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1343 Manning Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.18 lot acres
    Property size
    13,206 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    370-100-45
    APU
    37010045

    Description

    This exceptional 13,206 square foot shopping center in Reedley, CA, presents a compelling investment opportunity. Located on a highly trafficked, signalized corner, this nine-unit property boasts a strong tenant mix including a Subway, butcher shop, laundromat, donut shop, beauty salon, travel agent, and dentist, reflecting a thriving, service-oriented community. Currently operating at 78% occupancy, the property offers significant upside potential through leasing the remaining 2,925 square feet of vacant space and stabilizing the existing month-to-month tenant (1,540 sq ft) with a new lease. The property features ample parking and is easily accessible from both N Haney Ave and Manning Ave. Recent improvements include a new roof installed in 2021 and 2023, complete with a warranty. Built in 1988, this single-story building sits on a 51,401 square foot lot and is zoned CC. The asking price is $2,100,000, representing a price per square foot of $159.02. The current NOI is $91,993, with a pro-forma NOI of $167,008 and a pro-forma cap rate of 7.95%. This property offers a solid foundation for income generation and future growth. The property's location and tenant mix make it an attractive investment for those seeking a stable, high-growth retail opportunity in a desirable California market. The APN is 370-100-45.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reedley
    County
    Fresno
    State
    California
    Longitude
    -119.435
    Latitude
    36.6036
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,938
    $500,000
    $1,100,000
    $1,600,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22,177 SF

      1761 Manning Ave

      RETAIL STORES (PERSONAL SERVICES) • 22,177 SF
      1761 Manning Ave, Reedley, CA 93654-9468
      View Details
    • Value Estimation by Request
      26,292 SF

      931 Manning Ave

      RETAIL STORES (PERSONAL SERVICES) • 26,292 SF
      931 Manning Ave, Reedley, CA 93654-2446
      View Details
    • Value Estimation by Request
      2,080 SF

      1225 11th St

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      1225 11th St, Reedley, CA 93654
      View Details
    • Value Estimation
      $285,000
      3,712 SF

      1302 11th St

      RETAIL STORES (PERSONAL SERVICES) • 3,712 SF
      1302 11th St, Reedley, CA 93654-2927
      View Details
    • Value Estimation by Request
      6,240 SF

      561 I St

      RETAIL STORES (PERSONAL SERVICES) • 6,240 SF
      561 I St, Reedley, CA 93654-2431
      View Details
    • Value Estimation
      $510,000
      3,260 SF

      1452 11th St

      RETAIL STORES (PERSONAL SERVICES) • 3,260 SF
      1452 11th St, Reedley, CA 93654-2947
      View Details

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      Restaurant Business Opportunity in Reedley

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      35.50 Acres

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      Retail Space Near Reedley Campus

      Retail space available near Reedley College and High School.
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    Reedley, CA 93654-2352
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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.

    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
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