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    Property profile & analytics

    1467 Dinuba Ave Reedley, CA 93654-3586

    • Manufacturing properties
    • 379,550 SF
    • 28.55 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2025
    Value Estimations
    $20,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2468922
    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

    • Manufacturing properties

    Property Details for 1467 Dinuba Ave

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    28.55 lot acres
    Property size
    379,550 SF
    Zone code
    MP
    Property type
    Manufacturing properties
    APN
    370-070-68
    APU
    37007068

    Description

    This ±360,207 square foot cold storage facility presents a unique investment opportunity in Reedley, CA. Situated on a substantial 28.55-acre lot at 1467 E Dinuba Ave (cross streets: Dinuba and Buttonwillow Avenues), this single-tenant industrial property is currently vacant and ready for immediate occupancy. The building boasts a ceiling height ranging from 26 to 30 feet, providing ample vertical space for efficient storage. Loading and unloading are facilitated by 5 loading docks and 20 dock-high doors. The property is zoned 370-070-68 (City of Reedley) and is ideally located approximately 13 miles east of Highway 99, providing convenient access to major transportation routes. The facility offers a cooling capacity of 32 degrees and an estimated pallet capacity of approximately 19,000. Furthermore, the current ownership has secured interconnect approval for a 3.6 MW ground-mounted solar system based on NEM 2.0, presenting significant potential for energy cost savings. This exceptional property is perfect for businesses requiring large-scale refrigerated storage in a thriving agricultural region of Fresno County, CA, zip code 93654.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,286,000
      Market price range: $11.0M - $53.9M

    • Alternative Use

      Use
      Estimation
      FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY)
      $27,645,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedley
    County
    Fresno
    State
    California
    Longitude
    -119.433
    Latitude
    36.5881
    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
    2024
    $213,532
    $1,591,812
    $16,674,191
    $18,266,003
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,955,000
      82,994 SF

      18878 Es Ave

      FOOD PACKING, PACKING PLANT • 82,994 SF
      18878 Es Ave, Reedley, CA 93654-9711
      View Details
    • Value Estimation by Request
      36.80 Acres

      16432 Manning Ave

      FOOD PACKING, PACKING PLANT • 36.80 Acres
      16432 Manning Ave, Reedley, CA 93654-9231
      View Details
    • Value Estimation
      $960,000
      13,200 SF

      43103 Rd 68

      MANUFACTURING (LIGHT) • 13,200 SF
      43103 Rd 68, Reedley, CA 93654
      View Details
    • Value Estimation
      $8,055,000
      40,000 SF

      6801 Ave 430

      MANUFACTURING (LIGHT) • 40,000 SF
      6801 Ave 430, Reedley, CA 93654-9001
      View Details
    • Value Estimation
      $760,000
      45,577 SF

      787 Wn Ave

      FOOD PACKING, PACKING PLANT • 45,577 SF
      787 Wn Ave, Reedley, CA 93654-2417
      View Details
    • Value Estimation by Request
      24,600 SF

      Reedley, CA 93654

      FOOD PACKING, PACKING PLANT • 24,600 SF
      Reedley, CA 93654
      View Details

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    Similar Nearby for Lease

    • $0.60 SF/Yr

      Industrial Property with Development Potential

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    • $1.25 SF/Yr
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      Retail space available in established, high-traffic area with ample parking.
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      View Details
    • Contact for pricing
      2,664 SF

      Retail Space Near Reedley Campus

      Retail space available near Reedley College and High School.
      589 I St, Reedley, CA 93654
      View Details
    • $1.25 SF/Yr
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      Downtown Reedley Office Space Available

      1,300 SF office space with great signage and parking.
      1202 G St, Reedley, CA 93654
      View Details
    • $1,200 /Mo
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      Retail Space in Busy Corridor

      Available retail space in a busy, established retail corridor.
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      View Details
    • $2.00 SF/Yr
      1,336 SF

      Move-In Ready Medical Office Space

      First-class medical/professional office space near Reedley Hospital.
      326-346 W Carob Ave, Reedley, CA 93654
      View Details
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    Reedley, CA 93654-3586
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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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