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    Herndon & Fresno, CA 93722
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    Herndon & Fresno, CA 93722

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

    Current Use by Public Records

    • Land

    Property Details for 0 Herndon &

    Lot size
    17.05 lot acres
    Property type
    Land

    Description

    This exceptional 17.05-acre commercial land parcel presents a unique investment opportunity in Fresno, California. Located at the intersection of West Herndon and North Brawley Avenues, this property boasts convenient access via Blythe Avenue. The land is zoned 0 (Office – City of Fresno), providing flexibility for a variety of commercial developments. The expansive lot size offers significant potential for large-scale projects. The property's Assessed Parcel Numbers (APN) are 507-030-13, 14, 15, 16, 40, and 41S. Its strategic location in Fresno, CA, zip code 93722, offers easy access to major transportation routes and a thriving business community. This is an ideal site for developers seeking to capitalize on the growing demand for commercial space in the area. The property's size and zoning make it suitable for a wide range of office-related developments, offering substantial returns on investment. Serious inquiries are encouraged to explore the possibilities of this remarkable commercial land offering. The property is currently for sale and ready for development. Don't miss this chance to acquire a significant piece of Fresno's commercial real estate landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Rawlins
    State
    California
    Longitude
    -119.862
    Latitude
    36.8371

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      Brawley &

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      Bullard Ave & Veterans Blvd

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    Similar Nearby for Sale

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      Land For Sale

      Land available for sale in Fresno, CA.
      West Herndon & North Brawley Avenues, Fresno, CA 93722
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      Land For Sale

      Land available for sale.
      N Parkway Dr, Fresno, CA 93722
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    • $2,100,000
      9.64 Acres

      Prime Land For Future Development

      Approximately 10 acres of land prime for future development.
      5866 W Shields Ave, Fresno, CA 93722
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    • $750,000
      9.11 Acres

      Prime Fresno Land Opportunity

      9.11 acres in a mixed-use area with income.
      1345 N Brawley Ave, Fresno, CA 93722
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      Commercial Land For Sale

      Commercial land available for sale or lease with highway access.
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    • $450,000
      97,574.00 Acres

      Residential Land in Fresno, CA

      2.24 acres of residentially zoned land ready for development.
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    Similar Nearby for Lease

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      Prime Commercial Land Available

      1.46 AC available for ground lease, build to suit.
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      Highway 99 Frontage Land

      Land with Highway 99 frontage, build-to-suit options available.
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      Highway 99 Visible Land

      Approximately 53-acre site with Highway 99 visibility.
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      Retail Buildable Pad Available

      Retail pad site available for lease in Fresno, CA.
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      3,930 SF

      Retail Space in Shaw Corridor

      Retail space in high-traffic Fresno shopping center for lease.
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      3,332 SF

      Fresno Flex/Industrial Space Available

      3,332 SF flex/industrial space for rent in Fresno.
      4475 N Bendel Ave, Fresno, CA 93722
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    Herndon &
    Fresno, CA 93722
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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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