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    Property profile & analytics

    1415 Tuolumne St Fresno, CA 93706

    • Office buildings
    • 19,253 SF
    • 0.60 lot acres
    For Lease
    View listing
    $0.65 SF/Yr
    Last Sale
    Apr 29, 2024
    $1,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0579555
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 1415 Tuolumne St

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.60 lot acres
    Property size
    19,253 SF
    Zone code
    DTN
    Property type
    Office buildings
    APN
    465-093-25
    APU
    46509325

    Description

    This exceptional industrial property, located at 1415 Tuolumne Street in Fresno, California, 93706, offers a rare opportunity to lease warehouse or flex space in a prime location. The property boasts a total of 19,253 square feet spread across two stories, with multiple tenancy options available. Currently, there are two spaces available, ranging in size from 9,873 to 19,253 square feet, providing flexibility for businesses of various scales. Its strategic location in downtown Fresno offers unparalleled convenience and accessibility, placing it within minutes of major transportation arteries including Highway 99 and Freeways 41 and 180. This ensures effortless connectivity for employees and clients. The property benefits from its proximity to Fresno's vibrant downtown core and the future High-Speed Rail station, providing a significant advantage in terms of access to amenities and transportation hubs. This makes it an ideal location for businesses seeking a blend of urban convenience and efficient logistics. The property is classified as Industrial, with a subtype of Warehouse and Flex space, catering to a diverse range of operational needs. This presents a unique opportunity to establish or expand your business in a thriving and well-connected area of Fresno.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $706k - $2.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.8
    Latitude
    36.7342
    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
    $8,184
    $60,261
    $572,594
    $632,855
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      814 Ee St

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    • Value Estimation
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      2716 Granite Ct

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    • Value Estimation
      $550,000
      6,316 SF

      1414 Stanislaus St

      OFFICE BUILDING • 6,316 SF
      1414 Stanislaus St, Fresno, CA 93706-1623
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    • Value Estimation
      $795,000
      15,547 SF

      1410 F St

      OFFICE BUILDING • 15,547 SF
      1410 F St, Fresno, CA 93706-1608
      View Details
    • Value Estimation by Request
      4,560 SF

      444 Fresno St

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      444 Fresno St, Fresno, CA 93706-3613
      View Details

    Similar Nearby for Sale

    • $1,195,000
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      Downtown Fresno Industrial Flex Space

      11,388 SF industrial space with office and warehouse components.
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      View Details
    • $695,000
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      Commercial land with high visibility and traffic exposure near CA-99.
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    • $4,850,000
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      Commercial Land Near Highway 99

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    Similar Nearby for Lease

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    • $2 SF/Yr
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    • Contact for pricing
      871 SF

      Office Space Available For Rent

      871 square feet office space available for rent.
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    • $0.40 SF/Yr
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      Medical/Professional Office Space Available

      2,400 SF medical/professional office space for lease.
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      View Details
    • $1.25 SF/Yr
      2,240 SF

      Downtown Fresno Retail/Office Space

      Retail/office spaces in downtown Fresno with ample parking.
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      View Details
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    Fresno, CA 93706
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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.

    More about this property
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