Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1247 Wishon Ave Fresno, CA 93728-2310
    Back to Search
    Property profile & analytics

    1247 Wishon Ave, Fresno, CA 93728-2310

    View on Map
    • Turn key restaurants
    • 2,788 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Jul 27, 2022
    Property ID
    US09-3207309
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Me-n-Ed's On Tap / Restaurant

    Property Details for 1247 Wishon Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Zone code
    CMS
    Property type
    Turn key restaurants
    APN
    451-265-02
    APU
    45126502

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 27, 2022 — City Of Fresno Tower Theatre Productions Grant Deed —
    Feb 13, 1990 $800,000 Tower Theatre Pr Tower Properties Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.801
    Latitude
    36.7585
    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
    $3,779
    $73,990
    $206,578
    $280,568
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,957 SF

      903 Pkwy Dr

      RESTAURANT
      903 Pkwy Dr, Fresno, CA 93728-2724
      View Details
    • Value Estimation by Request
      1,600 SF

      420 Olive Ave

      RESTAURANT
      420 Olive Ave, Fresno, CA 93728-2929
      View Details
    • Value Estimation by Request
      2,160 SF

      245 Mckinley Ave

      RESTAURANT
      245 Mckinley Ave, Fresno, CA 93728-1618
      View Details
    • Value Estimation by Request
      2,516 SF

      1904 Olive Ave

      RESTAURANT
      1904 Olive Ave, Fresno, CA 93728-2631
      View Details
    • Value Estimation
      $500,000
      3,605 SF

      1121 Pkwy Dr

      RESTAURANT
      1121 Pkwy Dr, Fresno, CA 93728-2726
      View Details
    • Value Estimation by Request
      1,760 SF

      508 Van Ness Ave

      RESTAURANT
      508 Van Ness Ave, Fresno, CA 93728-3420
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Land For Sale on Hwy

      1.26 acres of land suitable for retail or restaurants.
      1824 W Olive Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      Pending

      Commercial Lot with Business Opportunity

      Commercial lot in Fresno with potential business venture.
      436 W Olive Ave, Fresno, CA 93728
      View Details
    • $199,000
      5,330 SF

      Individual Retail Property

      For-sale individual retail property on W Olive Avenue, suited for an owner-operator or small investment opportunity.
      441 W Olive Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      3,000 SF

      Freestanding Retail Building Near Tower

      High-exposure, remodeled 3,000 SF retail building in Central Fresno.
      915 N Fulton St, Fresno, CA 93728
      View Details
    • Contact for pricing
      23,497 SF

      Fulton Apartments: Income Growth Potential

      39 residential and 10 retail units near Downtown Fresno.
      532-620 North Fulton St, Fresno, CA 93728
      View Details
    • Contact for pricing
      3,000 SF

      Freestanding Retail Building Near Tower District

      High-exposure, move-in ready retail building near Fresno's Tower District.
      915 N Fulton St, Fresno, CA 93728
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Landmark Restaurant Opportunity in Fresno

      Restaurant space with patio and parking in vibrant Tower District.
      1110 N Van Ness Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      1,950 SF

      Retail and Flex Spaces Available

      Retail and flex spaces for rent with high visibility.
      1377 N Blackstone Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      1,338 SF

      Retail/Office Space in Tower District

      Retail or office space with high visibility and foot traffic.
      1302-1306 N Wishon Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      8,320 SF

      Family Dollar Investment Opportunity

      Corporate Family Dollar with five+ years remaining in Fresno, CA.
      1928 W Olive Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      13,328 SF

      Tower District Retail Space Available

      Retail space available in the Tower District business hub.
      1028-1050 N Fulton St, Fresno, CA 93728
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Tower District

      Retail space available in Fresno's Tower District.
      710-728 N Fulton St, Fresno, CA 93728
      View Details

    Property Visit Statistics

    • Visits by month
      11.2k
    • Visitors by month
      9.0k
    • Avg Time on site
      41 min
    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.
    1247 Wishon Ave
    Fresno, CA 93728-2310
    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
    1247 Wishon Ave, Fresno, CA, 93728
    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!