Technical
Financial
Distress signals
Property profile

1281 Chestnut Ave Fresno, CA 93702

OFF-MARKET
Strip malls
Property ID
US09-2649202
63,790 SF 6.3 ac lot Built 1979
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail space within a neighborhood shopping center situated at a signalized intersection with frontage that supports high vehicular access; the site is described as having an estimated daily traffic count of 40,328 vehicles. Demographic information provided for the surrounding area indicates a population of 84,841 within a 2-mile radius. The available unit is approximately 1,250 square feet and is positioned adjacent to Vallarta. The center is located near Cambridge High School and Fresno Pacific College. The overall property size is reported as 4,125 square feet.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction TILT-UP CONCRETE
Total area 63,790 SF
Lot 6.3 ac (274,428 SF)
Zoning code TWR
APN 472-040-17
UPID US09-2649202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1281 Chestnut Ave Fresno, CA 93702-3909
Fresno metro Census 1407 FRESNO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$1.71M

Owner & transaction history

since 2019
5 recorded transactions
2019
$8.7M
2009
Price N/A
2009
Price N/A
2006
$584,500
1978
$400,000

Zoning & alternative use

TWR · Fresno, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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