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    Property profile & analytics

    3173 Shaw Ave Fresno, CA 93711

    • Neighborhood centers
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Triangle Drive In / Hamburger Restaurant / Breakfast Restaurant
    • North Bridge homes / Real Estate Agency
    • The Curry Pizza Company / Pizza Takeout / Restaurant
    • Northridge Homes / Real Estate Agent
    • Bab Al-Yemen Cafe / Coffee Shop

    Property Details for 3173 Shaw Ave

    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity is located within the Times Square Shopping Center at the southwest corner of Shaw and Marks Avenues in Fresno, California, 93711. The center boasts excellent visibility and signage opportunities, benefiting from high daily traffic counts exceeding 58,500 vehicles at the signalized intersection. This multi-tenant strip center offers spaces ranging from 592 square feet to a maximum contiguous space of 47,028 square feet, with a total of 47,028 square feet currently vacant. The property enjoys a prime location directly across from Target and adjacent to FoodMaxx. Strong national co-tenancy includes Ross, Chuck E. Cheese's, Union Bank, Western Dental, and Sizzler. The area is further enhanced by the presence of numerous major national retailers such as Home Depot, Dick's Sporting Goods, PetSmart, Big 5, SteinMart, Smart & Final Extra!, Grocery Outlet, Planet Fitness, UA Broadway Faire Cinemas, and Starbucks. This presents a unique chance to establish a business within a thriving retail environment with significant foot and vehicle traffic. The property is situated in Fresno County.

    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
    -119.682
    Latitude
    36.6282

    Comparable in this City

    • Value Estimation by Request
      2,100 SF

      3351 Shaw Ave

      Lifestyle centers • 2,100 SF
      3351 Shaw Ave, Fresno, CA 93711
      View Details
    • Value Estimation by Request
      7,200 SF

      Swc Bullard & Marks Avenues

      Lifestyle centers • 7,200 SF
      0 Swc Bullard & Marks Avenues, Fresno, CA 93711
      View Details
    • Value Estimation
      $915,000
      28,380 SF

      3217 Shaw Ave

      SHOPPING CENTER, STRIP CENTER • 28,380 SF
      3217 Shaw Ave, Fresno, CA 93711
      View Details
    • Value Estimation
      $1,565,000
      106,501 SF

      3005 Bullard Ave

      SHOPPING CENTER, STRIP CENTER • 106,501 SF
      3005 Bullard Ave, Fresno, CA 93711-1609
      View Details
    • Value Estimation
      $1,330,000
      60,641 SF

      2016 Bullard Ave

      SHOPPING CENTER, STRIP CENTER • 60,641 SF
      2016 Bullard Ave, Fresno, CA 93711-1210
      View Details
    • Value Estimation by Request
      4,001 SF

      3622 Shaw Ave

      Retail properties • 4,001 SF
      3622 Shaw Ave, Fresno, CA 93711
      View Details

    Similar Nearby for Sale

    • $4,400,000
      3,011 SF

      Retail Property on Shaw Avenue

      3,011 SF retail property for sale in Fresno, CA.
      1784 W Shaw Ave, Fresno, CA 93711
      View Details
    • $2,017,000

      ±148,084 SF Fresno Commercial Land

      High-traffic Fresno land, ideal retail.
      2068 Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      2,400 SF

      Fresno Retail Pad Sites

      High-traffic retail pads, ±1.27-0.8 acres
      3771 Beechwood Ave, Fresno, CA 93711
      View Details
    • $3,895,000
      25,000 SF

      Retail and Office Strip Center

      Commercial strip center with retail and office spaces for sale.
      2223 W Shaw Ave, Fresno, CA 93711
      View Details
    • $625,000
      3,800 SF

      Retail Property in Fresno, CA

      Retail property with 3,800 square feet of space.
      3842 W Shaw Ave, Fresno, CA 93711
      View Details
    • $80,000

      Established Tobacco Store For Sale

      Thriving tobacco business in a prime Fresno location for sale.
      3733 W Shaw Ave, Fresno, CA 93711
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    Similar Nearby for Lease

    • Contact for pricing
      17,255 SF

      Times Square Retail Center, Fresno

      High-traffic Fresno retail space available.
      3173 Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      45,007 SF

      Prime Fresno Retail Space

      45,007 SF Retail Building, High Visibility
      3520 Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      40,000 SF

      Retail Space Available For Lease

      40000 square feet retail property for lease.
      2044 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      38,427 SF

      West Shaw Ave Retail Center

      Fresno retail space, high visibility, strong tenants.
      2700 Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      5,733 SF

      Retail Space in High-Traffic Center

      Retail space in a highly trafficked shopping center for rent.
      3384-3396 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      11,088 SF

      Retail Space in Shaw Marketplace

      Retail space available in Fresno's Shaw Marketplace Shopping Center.
      3623-3639 W Shaw Ave, Fresno, CA 93711
      View Details
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    3173 Shaw Ave
    Fresno, CA 93711
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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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