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    Mckinley Ave Firebaugh, CA 93622
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    Property profile & analytics

    Mckinley Ave Firebaugh, CA 93622

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    • Land
    • 309.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mckinley Ave

    Lot size
    309.10 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 309.1-acre agricultural property presents a compelling investment opportunity in Firebaugh, California. Located at the southwest corner of N Russell Avenue and W McKinley Avenue (zip code 93622, Fresno County), this single-parcel land boasts predominantly Grade 1 soils, ideal for diverse row crop cultivation, as indicated by the USDA California Revised Storie Index. While some areas feature Grade 3 and 4 soils, the majority offers excellent growing conditions. The property is situated within the Panoche Water District, ensuring reliable water access via the District's supply. It's important to note the impact of the Sustainable Groundwater Management Act (SGMA) of 2014, which mandates groundwater sustainability by 2040 and includes Groundwater Sustainability Plans (GSPs) potentially limiting well water usage. Further details on SGMA and GSPs are available through the California Department of Water Resources. The asking price is $2,781,900, translating to approximately $9,000 per acre, with cash payment required at escrow closing. The property's zoning is designated as Ae 20. This expansive acreage offers significant potential for agricultural production and represents a valuable asset in a prime farming location. Detailed soil maps are available upon request. The property's Fresno County Assessor's Parcel Number (APN) is 010-070-38S.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Firebaugh
    County
    Fresno
    State
    California
    Longitude
    -120.657
    Latitude
    36.7609

    Comparable in this City

    • Value Estimation by Request
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      722.00 Acres

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      0 Russell Ave, Firebaugh, CA 93622
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      150.05 Acres

      10170 Road 5 1/2

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      10170 Road 5 1/2, Firebaugh, CA 93622
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      47.00 Acres

      000 Shields Ave

      Farms • 47.00 Acres
      000 Shields Ave, Firebaugh, CA 93622
      View Details

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      1503.81 Acres Farmland and Orchard

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    Similar Nearby for Lease

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      Firebaugh Office/Retail Space Available

      Office/Retail space in Firebaugh, CA, with open layout.
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      40,175 SF

      Freeway Visible Restaurant Site

      Restaurant site with drive-thru, freeway visibility, and high traffic.
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      Firebaugh Office/Retail Space Available

      Office/Retail space in Firebaugh, CA with open layout.
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    Firebaugh, CA 93622
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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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    Mckinley Ave, Firebaugh, CA, 93622
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