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    41 And Hwy Oakhurst, CA 93644
    Property profile & analytics

    41 And Hwy, Oakhurst, CA 93644

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    • Lifestyle centers
    • 10,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 41 And Hwy

    Property size
    10,500 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    River View Center, located near the intersection of Highways 41 and 49 in Oakhurst, California (zip code 93644), offers a unique opportunity for businesses seeking high-visibility retail or creative office space. This 10,500 square foot building, situated on a 2.8-acre lot, is currently fully vacant and available for lease. The property is zoned as a Shopping Center (PSC), allowing for a variety of uses. The space is divisible, with a minimum leasable area of 2,000 square feet and a maximum contiguous space of 8,500 square feet. The property also includes two buildable pads, one measuring 8,500 square feet and another at 3,192 square feet, presenting additional development potential. This exceptional location provides excellent access and visibility for businesses seeking to establish a strong presence in the Oakhurst market. The property's flexible layout and ample space make it ideal for a wide range of retail or office tenants. Interested parties are encouraged to inquire about lease terms and explore the possibilities this prime location offers. The property is classified as both retail and office, and specifically as a creative office and shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Madera
    State
    California
    Longitude
    -119.655
    Latitude
    37.3311

    Comparable in this City

    • Value Estimation by Request
      26,846 SF

      49 Nec Hwy 41 & Hwy

      Office Spaces • 26,846 SF
      49 Nec Hwy 41 & Hwy, Oakhurst, CA 93644
      View Details
    • Value Estimation
      $1,190,000
      1.15 Acres

      40713 Hwy 41

      SHOPPING CENTER, STRIP CENTER • 1.15 Acres
      40713 Hwy 41, Oakhurst, CA 93644-9469
      View Details
    • Value Estimation by Request
      0.39 Acres

      40410 Hwy 41

      SHOPPING CENTER, STRIP CENTER • 0.39 Acres
      40410 Hwy 41, Oakhurst, CA 93644-9677
      View Details
    • Value Estimation
      $855,000
      21,200 SF

      40879 Hwy 41

      SHOPPING CENTER, STRIP CENTER • 21,200 SF
      40879 Hwy 41, Oakhurst, CA 93644-9644
      View Details
    • Value Estimation by Request
      0.34 Acres

      49027 Rd 426

      SHOPPING CENTER, STRIP CENTER • 0.34 Acres
      49027 Rd 426, Oakhurst, CA 93644-9486
      View Details
    • Value Estimation by Request
      864 SF

      48529 Hwy 41

      SHOPPING CENTER, STRIP CENTER • 864 SF
      48529 Hwy 41, Oakhurst, CA 93644
      View Details

    Similar Nearby for Sale

    • $362,000
      4,096 SF

      Oakhurst Retail Center - Great ROI

      High-visibility retail space, income producing.
      40291 Junction Dr, Oakhurst, CA 93644
      View Details
    • $1,475,000
      7,900 SF

      Oakhurst Office Building - Prime Location

      7,900 sq ft Office, 1.39 Acres
      49099 Road 426, Oakhurst, CA 93644
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    • $2,099,140
      10,190 SF

      Oakhurst Strip Center For Sale

      Strip center in Oakhurst, CA, near Yosemite. Investment opportunity.
      40282 Highway 41, Oakhurst, CA 93644
      View Details
    • $1,050,000
      7,000 SF

      Retail Strip Center For Sale

      Retail strip center in Oakhurst, CA, near Yosemite.
      40359 Highway 41, Oakhurst, CA 93644
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,572 SF

      Turnkey Restaurant Opportunity

      Existing restaurant space available for lease in Oakhurst, California.
      40650 Highway 41, Oakhurst, CA 93644
      View Details
    • Contact for pricing
      2,080 SF

      Retail Space Near Yosemite Entrance

      Retail space in Oakhurst near Yosemite National Park entrance.
      40050 Ca-49, Oakhurst, CA 93644
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Yosemite Entrance

      Retail space in Oakhurst, near Yosemite National Park.
      40044 Ca 49, Oakhurst, CA 93644
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Yosemite Park

      Retail space near Yosemite National Park entrance.
      40032 Ca-49, Oakhurst, CA 93644
      View Details
    • Contact for pricing

      Land for Lease Oakhurst

      Land available for lease in Oakhurst, California.
      Golden Chain Hwy, Oakhurst, CA 93644
      View Details
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    Oakhurst, CA 93644
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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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