Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1524 Kern St Fresno, CA 93706

    • Retail properties
    • 15,460 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1524 Kern St

    Year built
    1938
    Property size
    15,460 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional retail opportunity encompasses 15,460 square feet across four available suites in Downtown Fresno's vibrant Chinatown district. Located at 1524 Kern St, this Class C property, built in 1938, sits on a 0.34-acre lot and is zoned DTN. The spaces range from approximately 1,800 to 13,660 contiguous square feet, offering flexibility for various retail concepts. Suite #1, a corner unit, boasts approximately 3,850 square feet of open retail space with a rear restroom. Adjacent Suite #2 offers approximately 4,200 square feet of similarly configured space. Suite #3, a former Dick's Shoes location, features approximately 1,800 square feet of retail space with historical brick details and a unique 1,800 square foot, 7-foot-tall basement. Finally, Suite #4 comprises approximately 3,810 square feet, including 1,710 square feet of office space, 2,100 square feet of warehouse space with a rear roll-up door and alley access, and a private restroom. The property benefits from its prime location at the corner of F Street and Kern Street, just two blocks north of Highway 99 on/off ramps, ensuring excellent visibility and accessibility. Tenant improvements are available. Fresno County APN: 467-072-08.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.793
    Latitude
    36.7297

    Comparable in this City

    • Value Estimation by Request
      6,850 SF

      1146 B St

      Churches & religious facilities • 6,850 SF
      1146 B St, Fresno, CA 93706
      View Details
    • Value Estimation by Request
      29,654 SF

      1516 Tulare St

      Individual retail properties • 29,654 SF
      1516 Tulare St, Fresno, CA 93706
      View Details
    • Value Estimation by Request
      19.19 Acres

      1770 Wn Ave

      NURSERY, GREENHOUSE, FLORIST • 19.19 Acres
      1770 Wn Ave, Fresno, CA 93706-9773
      View Details
    • Value Estimation by Request
      7,500 SF

      North Ave

      Restaurants • 7,500 SF
      0 North Ave, Fresno, CA 93706
      View Details
    • Value Estimation by Request
      7,252 SF

      2580 Elm Ave

      Individual retail properties • 7,252 SF
      2580 Elm Ave, Fresno, CA 93706
      View Details
    • Value Estimation by Request
      274,657 SF

      Nwc Jensen Ave. & Martin Luther King Jr. Blvd

      Retail properties • 274,657 SF
      0 Nwc Jensen Ave. & Martin Luther King Jr. Blvd, Fresno, CA 93706
      View Details

    Similar Nearby for Sale

    • $695,000
      6,850 SF

      1146 B St

      Churches & religious facilities • 6,850 SF
      1146 B St, Fresno, CA 93706
      View Details
    • $1,000,000

      Easton Shopping Center Investment

      7,440 SF Retail Center, High Potential
      5751 Elm Ave, Fresno, CA 93706
      View Details
    • $1,195,000
      11,388 SF

      Downtown Fresno Industrial Flex Space

      11,388 SF industrial space with office and warehouse components.
      1257 G St, Fresno, CA 93706
      View Details
    • Contact for pricing
      16,708 SF

      Downtown Fresno Retail Opportunity

      Retail property with high visibility in Downtown Fresno.
      1101 Fresno St, Fresno, CA 93706
      View Details
    • $299,000

      Established Market Business For Sale

      Established market business with building, large yard, and house.
      3738 S Cherry Ave, Fresno, CA 93706
      View Details
    • $1,975,000
      4.77 Acres

      Versatile Truck Yard in Fresno

      4.77-acre property ideal for truck parking and repair operations.
      3232 S Elm Ave, Fresno, CA 93706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,750 SF

      Fresno Warehouse/Office Space

      80,750 SF Flexible Space Available
      1931 G St, Fresno, CA 93706
      View Details
    • Contact for pricing
      1,033 SF

      Versatile Commercial Space Available

      Office and retail space for rent near shopping and restaurants.
      7031 N Blythe Ave, Fresno, CA 93706
      View Details
    • $1.25 SF/Yr
      2,240 SF

      Downtown Fresno Retail/Office Space

      Retail/office spaces in downtown Fresno with ample parking.
      938-952 F St, Fresno, CA 93706
      View Details
    • $0.40 SF/Yr
      2,400 SF

      Medical/Professional Office Space Available

      2,400 SF medical/professional office space for lease.
      1409 N Fresno St, Fresno, CA 93706
      View Details
    • Contact for pricing
      871 SF

      Office Space Available For Rent

      871 square feet office space available for rent.
      2300 Tulare St, Fresno, CA 93706
      View Details
    • $2 SF/Yr
      3,250 SF

      Fresno Street Office Space Available

      Office space for lease in a prominent Fresno location.
      7501 N Fresno St, Fresno, CA 93706
      View Details
    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.
    1524 Kern St
    Fresno, CA 93706
    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

    Google sign-in failed. Please try again or use another login method.