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    Fresno Ave Shafter, CA 93263
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    Fresno Ave, Shafter, CA 93263

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    • Land
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    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Land

    Property Details for 0 Fresno Ave

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 78.66-acre parcel in Shafter, California (APN 089-090-33) presents a remarkable opportunity for residential development. Located in Kern County, at Fresno Ave, 93263, this prime land boasts significant potential for creating a thriving community. With projections for up to 197 individual lots, the property offers ample space for a diverse range of housing styles and sizes, catering to a broad spectrum of homebuyers. The area's rapid growth and high demand for housing ensure a strong return on investment. The property's convenient location provides easy access to local amenities, including shopping, schools, parks, and recreational facilities. This expansive acreage allows for creative design and customization, enabling the development of a truly exceptional and desirable neighborhood. The asking price for this remarkable property is $4,500,000. This is a rare chance to acquire a large-scale development site in a flourishing California market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shafter
    County
    Kern
    State
    California
    Longitude
    -119.252
    Latitude
    35.5143

    Comparable in this City

    • Value Estimation by Request
      94.42 Acres

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      156.68 Acres

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      19.54 Acres

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    • Value Estimation by Request
      90.09 Acres

      Beech Ave & Fresno Ave

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      19.20 Acres

      Shafter Ave

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    • Value Estimation by Request
      34.45 Acres

      Los Angeles St

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    Similar Nearby for Sale

    • Contact for pricing

      Productive Almond and Cherry Orchard

      156.68 acre farm with almonds, cherries, and solar.
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      Shafter Almond Orchard For Sale

      77.27+/- acre almond property with irrigation water access.
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      Shafter Land For Sale

      Land available for purchase in Shafter, California.
      17017 Zachary Ave, Shafter, CA 93263
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      Shafter Land Parcel For Sale

      Approximately 19.2 acres of land for sale in Shafter.
      Shafter Ave, Shafter, CA 93263
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      Shafter Land For Sale

      Land available for purchase in Shafter, California.
      1320 E Ashe Ave, Shafter, CA 93263
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    • $349,000
      1,738 SF

      Shafter Multifamily Investment Opportunity

      Two updated homes, excellent investment, potential for rental income.
      249 E Marengo Ave, Shafter, CA 93263
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    Similar Nearby for Lease

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      Shafter Industrial Spec Building

      129,465 SF spec building available for lease or sale.
      Coberly Rd, Shafter, CA 93263
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      Shafter Industrial Flex Space Available

      Office and shop space available in Shafter's industrial zone.
      3901 Fanucchi Way, Shafter, CA 93263
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      10,000 SF

      Retail Space in Shafter Center

      Retail space available in a shopping center anchored by Ranch Market.
      E Ash Ave, Shafter, CA 93263
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      1,088,047 SF

      Shafter Industrial Building For Rent

      1,088,047 SF industrial building with secure truck yards.
      5104 Expy Ave, Shafter, CA 93263
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    • $2,400 /Mo
      43,560 SF

      Shafter Commercial Flex Space Available

      Flexible commercial space for lease in Shafter, California.
      5240 Doolittle Ave, Shafter, CA 93263
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    • Contact for pricing
      6,300 SF

      Retail Space in Shafter Center

      Retail space available in a shopping center anchored by The Ranch Market.
      E Ash Ave, Shafter, CA 93263
      View Details
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    Fresno Ave
    Shafter, CA 93263
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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.

    More about this property
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