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

    Parkway Dr Fresno, CA 93722

    • Land
    • 36.75 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Parkway Dr

    Lot size
    36.75 lot acres
    Property type
    Land

    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
    -119.867
    Latitude
    36.7936

    Comparable in this City

    • Value Estimation by Request
      27,393 SF

      4065 Figarden Dr

      Office space • 27,393 SF
      4065 Figarden Dr, Fresno, CA 93722
      View Details
    • Value Estimation by Request
      18.93 Acres

      4260 Mckinley Ave

      Land • 18.93 Acres
      4260 Mckinley Ave, Fresno, CA 93722
      View Details
    • Value Estimation by Request
      10.00 Acres

      3257 Shields Ave

      Multifamily properties • 10.00 Acres
      3257 Shields Ave, Fresno, CA 93722
      View Details
    • Value Estimation by Request
      12.34 Acres

      Nec Dakota And Cornelia Avenues

      Land • 12.34 Acres
      0 Nec Dakota And Cornelia Avenues, Fresno, CA 93722
      View Details
    • Value Estimation by Request
      19.65 Acres

      3308 Cornelia Ave

      Land • 19.65 Acres
      3308 Cornelia Ave, Fresno, CA 93722
      View Details
    • Value Estimation by Request
      1.00 Acre

      5770 Spruce Ave

      Land • 1.00 Acre
      5770 Spruce Ave, Fresno, CA 93722
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36.75 Acres

      Ashlan/Parkway Prime Development Land

      36.75 Acres, Fresno, CA - Mixed-Use Potential
      0 Parkway Dr, Fresno, CA 93722
      View Details
    • $3,400,000
      19.65 Acres

      Fresno Development Land

      19.65 Acres, Multifamily Potential
      3308 Cornelia Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      10.00 Acres

      Fresno 10-Acre Multifamily Land

      152-unit development ready, prime location.
      3257 Shields Ave, Fresno, CA 93722
      View Details
    • $1,893,000
      18.93 Acres

      Fresno Residential Land - 18.93 Acres

      Shovel-ready lots, all utilities
      4260 Mckinley Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      17.05 Acres

      Prime Fresno Commercial Land

      17 Acres, Office Zoning, Excellent Access
      0 Herndon &, Fresno, CA 93722
      View Details
    • $8,000,000
      19.25 Acres

      Prime Fresno Fertilizer Business

      Established Organic Fertilizer Business, 19 Acres
      1 Fertilizer, Fresno, CA 93722
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      87,120 SF

      Fresno Medical Office Pad Site

      High-traffic location, build-to-suit opportunity.
      35 Hayes Ave, Fresno, CA 93722
      View Details
    • Contact for pricing

      Highway 99 Frontage Land

      Land with Highway 99 frontage, build-to-suit options available.
      4825 N Cornelia Ave, Fresno, CA 93722
      View Details
    • Contact for pricing

      Fresno Land for Lease

      Land available for lease in high-growth commercial area.
      5965 N Golden State Blvd, Fresno, CA 93722
      View Details
    • $10 SF/Yr
      57,600 SF

      Fresno Industrial Space Available

      Move-in ready office/warehouse suites
      3164 Marks Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      3,930 SF

      Shaw View Shopping Center Space Available

      Fresno Retail Space: 3,036+ sq ft
      0 Shaw & Blythe Ave, Fresno, CA 93722
      View Details
    • $12 SF/Yr
      80,268 SF

      Fresno Industrial Warehouse Space

      80,000+ SF Flexible Warehouse Space
      4317-4343 Golden State Blvd, Fresno, CA 93722
      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.
    Parkway Dr
    Fresno, CA 93722
    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.