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    142 California Ave Fresno, CA 93706-3642
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    Property profile & analytics

    142 California Ave, Fresno, CA 93706-3642

    View on Map
    • Office buildings
    • 37,617 SF
    • 4.77 lot acres
    Off-Market
    Property ID
    US09-5510636
    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
    $5,865,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fresno County Black Infant Health / Medical Clinic
    • Hillary Leroux / Marriage Or Relationship Counselor
    • Vanessa Verduzco / Marriage Or Relationship Counselor
    • Lucia Lmft Avila-Martinez / Marriage Or Relationship Counselor
    • Fresno County Department of Social Services Client Services - West Fresno / County Government Office / Government Office

    Property Details for 142 California Ave

    Year built
    2010
    Construction
    WOOD
    Lot size
    4.77 lot acres
    Zone code
    NMX
    Property type
    Office buildings
    APN
    477-124-42
    APU
    47712442

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,502,000
      Market price range: $1.38M - $4.50M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,980,000
      Current use
      INDUSTRIAL (GENERAL)
      $9,530,000
      Change: +59% Conversion: Difficult
      RESTAURANT
      $8,845,000
      Change: +48% Conversion: Moderate
      MEDICAL BUILDING
      $7,560,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,365,000
      Change: -10% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,820,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.81
    Latitude
    36.7203
    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
    $69,961
    $400,000
    $6,600,000
    $7,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      17,920 SF

      2929 Dorothy St

      OFFICE BUILDING
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    • Value Estimation
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      5796 Elm Ave

      OFFICE BUILDING
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    • Value Estimation by Request
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      1040 C St

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    • Value Estimation by Request
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      2829 Nielsen Ave

      OFFICE BUILDING
      2829 Nielsen Ave, Fresno, CA 93706-1221
      View Details
    • Value Estimation
      $640,000
      11,388 SF

      1257 G St

      OFFICE BUILDING
      1257 G St, Fresno, CA 93706-1610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,500 SF

      Industrial Facility in Roeding Park

      Industrial facility with flexible space and functional office.
      1521 W Nielsen Ave, Fresno, CA 93706
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      11,388 SF

      Downtown Fresno Industrial Flex Space

      11,388 SF industrial space with office and warehouse components.
      1257 G St, Fresno, CA 93706
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      Pending

      Vacant Lot For Sale

      Vacant commercial lot on the corner of F St and Ventura.
      564 F St, Fresno, CA 93706
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      3,367 SF

      Multi-Family Apartment with Central Courtyard

      Inviting multi-family apartment with shared courtyard and on-site laundry.
      217 East Tuolumne St, Fresno, CA 93706
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    • Contact for pricing

      Prime Land Near Freeways

      4.77 acres with excellent visibility near major freeways.
      1705 W Kearney Blvd, Fresno, CA 93706
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flexible Warehouse and Office Space

      Adaptable warehouse and office solutions with comprehensive amenities.
      1931 G St, Fresno, CA 93706
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      2,240 SF

      Downtown Fresno Retail/Office Space

      Retail/office spaces in downtown Fresno with ample parking.
      938-952 F St, Fresno, CA 93706
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      7,500 SF

      Retail Pad Available For Lease

      Retail pad available for lease, approximately 7,500 square feet.
      172 E North Ave, Fresno, CA 93706
      View Details
    • Contact for pricing
      1,275 SF

      Downtown Fresno Retail/Office Space

      Retail/office spaces in downtown Fresno, move-in ready condition.
      1502-1520 Tulare St, Fresno, CA 93706
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    • Contact for pricing
      468,796 SF

      Industrial Park Center For Rent

      Industrial park featuring multiple buildings, available for lease.
      2740 West Nielsen Ave, Fresno, CA 93706
      View Details
    • Contact for pricing
      49,000 SF

      Truck Parking and Warehouse Space

      Five acres of truck parking with a 49,000 SF building.
      2365 S Delno Ave, Fresno, CA 93706
      View Details
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    142 California Ave
    Fresno, CA 93706-3642
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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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