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    3201-3289 Shields Ave Fresno, CA 93726
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    3201-3289 Shields Ave, Fresno, CA 93726

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    • Restaurants
    • 45,068 SF
    • 4.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 3201-3289 Shields Ave

    Year built
    1971
    Lot size
    4.10 lot acres
    Property type
    Restaurants
    Property subtype
    Office Spaces

    Description

    Midtown Plaza, located at 3201-3289 E. Shields Avenue in Fresno, California (93726), presents a compelling investment opportunity. This multi-tenant retail and office center comprises three single-story buildings totaling 45,068 square feet, situated on a 4.1-acre lot. Constructed in 1971, the property enjoys a highly desirable Midtown East submarket location, conveniently adjacent to a Target store at the northeast corner of Shields Avenue and First Street. The property's APN is 437-020-06 in Fresno County. The diverse tenancy includes a mix of retail, restaurant, and office spaces, making it an attractive and stable investment. The property's address range is 3201-3289 E. Shields Avenue, with cross streets of Shields and First. This established center offers significant potential for future growth and income generation within a thriving commercial area. The property's convenient location and diverse tenant mix make it a strong contender for investors seeking a stable and profitable investment in the Fresno market.

    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
    -119.77
    Latitude
    36.7806

    Comparable in this City

    • Value Estimation by Request
      45,667 SF

      4910 Ashlan Ave

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    • Value Estimation
      $3,245,000
      36,468 SF

      1825 Ashlan Ave

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    • Value Estimation
      $1,655,000
      15,748 SF

      3011 Shields Ave

      RETAIL STORES (PERSONAL SERVICES)
      3011 Shields Ave, Fresno, CA 93726-6752
      View Details
    • Value Estimation
      $3,575,000
      44,960 SF

      3201 Shields Ave

      RETAIL STORES (PERSONAL SERVICES)
      3201 Shields Ave, Fresno, CA 93726-6904
      View Details
    • Value Estimation
      $885,000
      10,584 SF

      4775 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES)
      4775 Blackstone Ave, Fresno, CA 93726-0105
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    • Value Estimation by Request
      3,795 SF

      3611 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES)
      3611 Blackstone Ave, Fresno, CA 93726-5305
      View Details

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      Pending

      Established Laundromat Business For Sale

      Thriving laundromat business with long-term lease and strong cash flow.
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      Restaurant Opportunity Near Manchester Center

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      Retail Space in Shopping Center

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      Retail Space in Fresno Center

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      Mixed-Use Destination in Fresno

      Redeveloped mixed-use destination with retail, dining, residential, office, entertainment.
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      Retail Space with Highway Access

      Retail space with high visibility and easy highway access.
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      Retail Space Available For Lease

      Retail space available for lease, totaling 19,650 square feet.
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      2,000 SF

      Retail Space on First Street

      Retail space with high traffic and ample parking.
      4542-4590 N 1St St, Fresno, CA 93726
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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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    3201-3289 Shields Ave, Fresno, CA, 93726
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