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    5674 Kings Canyon Rd Fresno, CA 93727
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    5674 Kings Canyon Rd, Fresno, CA 93727

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    • Retail properties & Spaces
    • 23,729 SF
    • 2.83 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tractor Supply Co. / Pet Store & Service

    Property Details for 5674 Kings Canyon Rd

    Year built
    2024
    Lot size
    2.83 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple ownership (land and building) of a newly constructed (2024), 23,729 square foot Tractor Supply store in Fresno, CA. The property boasts a 20-year NNN lease commencing May 1, 2024, and expiring May 1, 2044, with four 5-year renewal options. The lease includes a corporate guarantee from Tractor Supply, a credit-worthy tenant (S&P: BBB rating), and features 5% rental increases every five years, providing built-in inflation protection and growing net operating income. The property sits on a 2.83-acre lot with 79 parking spaces and is zoned Commercial-Mixed Use (CMX). Located at 5674 E Kings Canyon Rd, Fresno, CA 93727, this strategically positioned retail space benefits from high visibility at a signalized intersection with a combined daily vehicle count exceeding 68,700. The property is part of a shopping center anchored by Vons, attracting over 932,000 annual visitors. Surrounding residential complexes and proximity to the large Fancher Creek Development (2.6 million+ square feet of commercial space and 740 residential units) further enhance the property's value and long-term growth potential. The 5-mile trade area boasts over 230,000 residents and 83,900 daytime employees, with an average household income of $93,573 within a 1-mile radius. The asking price is $9,350,000, representing a price per square foot of $394.03. This is a truly exceptional opportunity for a passive investor seeking a stable, high-growth investment with minimal landlord responsibilities. The property's APN is 474-030-54.

    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
    -119.697
    Latitude
    36.7359

    Comparable in this City

    • Value Estimation by Request
      187,000 SF

      Neq Of Kings Cyn Rd & Clovis Ave

      Neighborhood centers
      0 Neq Of Kings Cyn Rd & Clovis Ave, Fresno, CA 93727
      View Details
    • Value Estimation
      $1,225,000
      14,700 SF

      5171 Kings Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      5171 Kings Cyn Rd, Fresno, CA 93727-3937
      View Details
    • Value Estimation
      $2,295,000
      27,600 SF

      5671 Kings Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      5671 Kings Cyn Rd, Fresno, CA 93727-4641
      View Details
    • Value Estimation
      $5,005,000
      30,723 SF

      5540 Kings Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      5540 Kings Cyn Rd, Fresno, CA 93727
      View Details
    • Value Estimation
      $1,465,000
      13,137 SF

      5180 Kings Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      5180 Kings Cyn Rd, Fresno, CA 93727-3971
      View Details
    • Value Estimation
      $770,000
      9,549 SF

      5691 Kings Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      5691 Kings Cyn Rd, Fresno, CA 93727-4628
      View Details

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      Fresno Commercial Property For Sale

      Commercial property featuring 3,548 square feet on 1.47 acres.
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      Versatile Space in High-Visibility Location

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      Retail Space on Kings Canyon

      Retail space available for lease on Kings Canyon Road.
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      Retail Space For Lease

      Retail space available for lease.
      5646 E Kings Canyon Rd, Fresno, CA 93727
      View Details
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    Fresno, CA 93727
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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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    5674 Kings Canyon Rd, Fresno, CA, 93727
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