Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    104 Sierra Ave Fresno, CA 93710-3638
    Property profile & analytics

    104 Sierra Ave Fresno, CA 93710-3638

    View on Map
    • Mobile home & RV parks
    • 2.38 lot acres
    Off-Market
    Last Sale Jul 25, 2024
    $1,700,000
    Property ID
    US09-3067910
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FRIANT CONSTRUCTION / Construction Company / General Contractor
    • Trails End Mobile Home Park / Campground & RV Park
    • Elamigo Lawn / Landscaping / General Contractor

    Property Details for 104 Sierra Ave

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.38 lot acres
    Zone code
    CMX
    Property type
    Mobile home & RV parks
    APN
    408-050-09
    APU
    40805009

    Description

    This exceptional 5.21-acre parcel presents a compelling redevelopment opportunity in Fresno, California. Currently operating as a 60-unit mobile home park, the property boasts coveted CMX zoning, allowing for a wide range of residential and non-residential uses. The site features 123,972 square feet and over 300 feet of frontage on Sierra Avenue in North Fresno. Its strategic location offers convenient access to Highway 41 and proximity to major retail centers, restaurants, entertainment venues, River Park Shopping Center, Kaiser Permanente Fresno Medical Center, California State University, Fresno, and Woodward Park, all within a 5-10 minute drive. Downtown Fresno's revitalized area is an 18-minute drive, and Fresno Yosemite International Airport is a 20-minute drive away. The property is situated in a CTCAC/HCD High Resource Opportunity Zone, benefiting from potential incentives. Public sanitary sewer and water lines are readily available on-site. With a 4.5% multi-family vacancy rate in the North Fresno submarket and minimal new multi-family construction anticipated for the next two years, this presents a unique chance to capitalize on high demand. The asking price is $4,095,000, offering significant value-add potential. Built in 1979, this fee-simple property (APN 408-050-09) presents a rare chance to develop a substantial project in a thriving California market. The CMX zoning permits up to 30 dwelling units per acre for multi-family development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,700,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.787
    Latitude
    36.8313
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,847
    $745,277
    $16,678
    $761,955
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,780,000
      2.36 Acres

      104 Sierra Ave

      MOBILE HOME PARK, TRAILER PARK • 2.36 Acres
      104 Sierra Ave, Fresno, CA 93710-3638
      View Details
    • Value Estimation
      $505,000
      1,701 SF

      6494 Blackstone Ave

      MOBILE HOME PARK, TRAILER PARK • 1,701 SF
      6494 Blackstone Ave, Fresno, CA 93710-3509
      View Details
    • Value Estimation
      $1,750,000
      1,404 SF

      158 Sierra Ave

      MOBILE HOME PARK, TRAILER PARK • 1,404 SF
      158 Sierra Ave, Fresno, CA 93710-3615
      View Details
    • Value Estimation
      $19,790,000
      213,952 SF

      6800 Maple Ave

      APARTMENT HOUSE (100+ UNITS) • 213,952 SF
      6800 Maple Ave, Fresno, CA 93710-4548
      View Details
    • Value Estimation by Request
      4,462 SF

      455 Calimyrna Ave

      APARTMENT HOUSE (5+ UNITS) • 4,462 SF
      455 Calimyrna Ave, Fresno, CA 93710-5234
      View Details
    • Value Estimation by Request
      70,168 SF

      5175 Fresno St

      APARTMENT HOUSE (5+ UNITS) • 70,168 SF
      5175 Fresno St, Fresno, CA 93710-6861
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Affordable Student Housing Opportunity

      Modernized student housing with rents below market average.
      335 East Barstow Ave, Fresno, CA 93710
      View Details
    • $2,299,999
      11,040 SF

      Fresno Multifamily Value-Add Opportunity

      Two-story, 15-unit complex near Fresno State University.
      1348 E San Bruno Ave, Fresno, CA 93710
      View Details
    • $729,000
      2,802 SF

      Fresno Triplex Investment Opportunity

      Triplex on Fresno Street corridor with income potential.
      6250 N Fresno St, Fresno, CA 93710
      View Details
    • $7,495,000
      19,716 SF

      Days Inn Fresno: Prime Investment

      58-room hotel, extensively renovated, high NOI.
      6090 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      14,140 SF

      Fresno Office Building For Sale

      Located near Highway 41, Saint Agnes, and Kaiser Permanente.
      6700 N 1St St, Fresno, CA 93710
      View Details
    • Contact for pricing
      6,250 SF

      North Fresno Street Office Buildings

      Six single-story office buildings with easy freeway access.
      5650 N Fresno St, Fresno, CA 93710
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fresno Office Space Available

      11,974 SF office building for rent in Fresno, CA.
      776 E Shaw Ave, Fresno, CA 93710
      View Details
    • Contact for pricing

      Prime Retail Space on Blackstone

      Anchor shopping center space in Fresno's retail corridor.
      5630 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Fresno Center

      Retail space available in established Fresno shopping center.
      5769-5771 N 1St St, Fresno, CA 93710
      View Details
    • Contact for pricing
      1,224 SF

      Retail Space in Shaw Blackstone

      2,260 SF retail space available in Fresno, CA.
      5048 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      22,400 SF

      Retail Space Available For Lease

      22,400 square foot retail property available for lease.
      2297 E Shaw Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      5,083 SF

      Retail Space in Fresno, CA

      Retail space available for lease in Fresno, California.
      2047-2097 W Shaw Ave, Fresno, CA 93710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    104 Sierra Ave
    Fresno, CA 93710-3638
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    104 Sierra Ave, Fresno, CA, 93710
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!