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    Highways 41 & 49 Oakhurst, CA 93644
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    Highways 41 & 49, Oakhurst, CA 93644

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 0 Highways 41 & 49

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in the thriving Old Mill Village shopping center in Oakhurst, California, at the intersection of Highways 41 & 49, zip code 93644. The property offers multiple spaces available, ranging from a minimum of 2,080 square feet to a maximum contiguous space of 5,907 square feet. The center boasts a strong tenant mix, including national brands such as Vons, CVS, Big 5 Sporting Goods, Hallmark Cards, Starbucks, Anytime Fitness, Taco Bell, Jack in the Box, Round Table Pizza, U.S. Post Office, Wells Fargo, Golden One Credit Union, and United Security Bank. This ensures high foot traffic and visibility for your business. The property is categorized as retail, specifically restaurant or in-line spaces, and is suitable for multiple tenants. The property is situated in Madera County and offers a well-maintained environment within a successful community shopping center. Individual space sizes can be discussed to accommodate various business needs. This prime location provides excellent access and exposure for any retail establishment seeking a presence in the Oakhurst market. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Madera
    State
    California
    Longitude
    -119.655
    Latitude
    37.3311

    Comparable in this City

    • Value Estimation by Request
      3,450 SF

      40843 Ca-41

      Retail properties & Spaces • 3,450 SF
      40843 Ca-41, Oakhurst, CA 93644
      View Details
    • Value Estimation
      $870,000
      4,880 SF

      40509 Hwy 41

      DEPARTMENT STORE • 4,880 SF
      40509 Hwy 41, Oakhurst, CA 93644-9621
      View Details
    • Value Estimation by Request
      10,500 SF

      41 And Hwy

      Lifestyle centers • 10,500 SF
      41 And Hwy, Oakhurst, CA 93644
      View Details
    • Value Estimation
      $820,000
      0.32 Acres

      40322 Jct Dr

      DEPARTMENT STORE • 0.32 Acres
      40322 Jct Dr, Oakhurst, CA 93644-8783
      View Details
    • Value Estimation by Request
      2,500 SF

      40120 Ca-41

      Individual retail properties • 2,500 SF
      40120 Ca-41, Oakhurst, CA 93644
      View Details
    • Value Estimation by Request
      26,846 SF

      49 Nec Hwy 41 & Hwy

      Office Spaces • 26,846 SF
      49 Nec Hwy 41 & Hwy, Oakhurst, CA 93644
      View Details

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    Similar Nearby for Lease

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      6,572 SF

      Turnkey Restaurant Opportunity

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      Retail Space Near Yosemite Entrance

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      Retail Space Near Yosemite Entrance

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      Retail Space Near Yosemite Park

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      40032 Ca-49, Oakhurst, CA 93644
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      Land for Lease Oakhurst

      Land available for lease in Oakhurst, California.
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    Oakhurst, CA 93644
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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.

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