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1405 Van Ness Ave Fresno, CA 93728-1938

OFF-MARKET Retail space Google Maps
9,250 SF 0.29 ac lot Built 1937
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US09-2592539

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased 9,250 square foot retail building situated on a 0.29-acre lot at 1405 N Van Ness Avenue, Fresno, CA. The property boasts excellent visibility and high traffic counts due to its prime location within a thriving retail corridor and proximity to established neighborhoods. The building comprises three versatile retail spaces and one substantial warehouse space, offering diverse income streams and potential for future expansion. A significant advantage is the inclusion of a shared private parking lot providing ample parking for tenants and customers, exceeding 20 stalls. This strategic location offers easy access to major freeways, enhancing convenience and accessibility. The property's strong tenant occupancy ensures a consistent rental income stream, making it an attractive proposition for investors seeking a high-performing asset in a desirable Fresno location. The building's size, layout, and location combine to create a compelling investment opportunity with significant potential for long-term growth and return. This is a rare chance to acquire a cornerstone property in Fresno's dynamic retail market. The asking price is $835,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1937
Construction TILT-UP CONCRETE
Total area 9,250 SF
Lot 0.29 ac (12,500 SF)
Zoning code CMS
APN 451-121-10
UPID US09-2592539

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2004
Price N/A

Zoning & alternative use

CMS · Fresno, CA
Zoning description

Single Unit Dwelling, Attached | Multi-Unit Residential CMS,* CR* Adult Family Daycare, Small (6 clients or less) | Elderly & Long-Term Care CMS,* CR* Family Daycare, Small (8 children or less) & Large (9-14 children) CM…

General category COMMERCIAL

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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