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    3347 Cedar Ave Fresno, CA 93726
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    3347 Cedar Ave, Fresno, CA 93726

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    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Centro De Alabanza / Church

    Property Details for 3347 Cedar Ave

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents 16,616 square feet of leasable space within the Palm Plaza Shopping Center, situated at the northwest corner of Cedar and Shields Avenues in Fresno, California, zip code 93726. The property is ideally positioned to capitalize on significant daily traffic volumes. Cedar and Shields Avenues boast a combined daily traffic count exceeding 76,990 vehicles. Furthermore, the center benefits from its proximity to Freeway 168, a major thoroughfare with daily traffic exceeding 93,513 vehicles, and easily accessible via ramps located on Shields Avenue. This high-visibility location offers excellent exposure for a variety of commercial and office uses. The property is categorized as a multi-tenant shopping center within Fresno County. One space is currently available for lease. This presents a unique chance to establish a presence in a bustling commercial area with strong traffic counts and convenient freeway access.

    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
    -119.755
    Latitude
    36.7809

    Comparable in this City

    • Value Estimation by Request
      11,665 SF

      1St St

      Lifestyle centers
      0 1St St, Fresno, CA 93726
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    • Value Estimation by Request
      26,000 SF

      3233 Cedar Ave

      Lifestyle centers
      3233 Cedar Ave, Fresno, CA 93726
      View Details
    • Value Estimation
      $2,965,000
      36,800 SF

      2630 Ashlan Ave

      SHOPPING CENTER, STRIP CENTER
      2630 Ashlan Ave, Fresno, CA 93726-3207
      View Details
    • Value Estimation
      $1,550,000
      105,416 SF

      3720 Blackstone Ave

      SHOPPING CENTER, STRIP CENTER
      3720 Blackstone Ave, Fresno, CA 93726-5306
      View Details
    • Value Estimation
      $1,525,000
      69,201 SF

      3061 Shields Ave

      SHOPPING CENTER, STRIP CENTER
      3061 Shields Ave, Fresno, CA 93726-6752
      View Details
    • Value Estimation by Request

      1901 Shields Ave

      Retail properties & Spaces
      1901 Shields Ave, Fresno, CA 93726
      View Details

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      Restaurant with Banquet Room

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      Retail investment opportunity in a free-standing building.
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      Established Laundromat Business For Sale

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      Multifamily Property with 25 Units

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      Blackstone Village Retail Space Available

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      Retail and Office Center Space

      Multi-tenant retail and office center near Target.
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      Retail Space on Blackstone Avenue

      Retail space available in a busy Fresno location.
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      Retail Space in Fresno Center

      Retail spaces available for lease in Fresno, California.
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      7,200 SF

      Blackstone Avenue Shopping Center Space

      Retail space in high-traffic shopping center on Blackstone Avenue.
      3720 N Blackstone Ave, Fresno, CA 93726
      View Details
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    Fresno, CA 93726
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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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    3347 Cedar Ave, Fresno, CA, 93726
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