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    1608 11th St Reedley, CA 93654
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    Property profile & analytics

    1608 11th St, Reedley, CA 93654

    View on Map
    • Retail space
    • 17,592 SF
    • 0.43 lot acres
    Off-Market
    Last Sale Aug 30, 2024
    $850,000
    Property ID
    US09-3342507
    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
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1608 11th St

    Year built
    1935
    Construction
    TILT-UP CONCRETE
    Lot size
    0.43 lot acres
    Zone code
    CC
    Property type
    Retail space
    APN
    368-211-01
    APU
    36821101

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2024 $850,000 Javier Ruedas Rick J Jelmini Grant Deed —
    Aug 30, 2024 — Javier Ruedas Guadalupe Ruedas Intrafamily Transfer · related —
    Apr 18, 2008 — Jelmini Family Trust Jelmini,rick & Peggy Quit Claim Deed · related —
    Jun 1, 2005 $450,000 Rick Jelmini Pinkerton,wilma T Grant Deed $300k · Wilma T Pinkerton
    Aug 30, 1996 — Wilma T Pinkerton Pinkerton,robert E Quit Claim Deed · related —
    Aug 2, 1996 — Suzanne T Macpherson Tejerian Trust Grant Deed · related —
    Dec 31, 1986 $430,000 — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $850,000
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $967,000
      Market price range: $968k - $1.90M
      AI Estimate
      $628,000
      Market price range: $623k - $1.77M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,335,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedley
    County
    Fresno
    State
    California
    Longitude
    -119.45
    Latitude
    36.5967
    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
    $7,131
    $143,482
    $471,463
    $614,945
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,400,000
      22,177 SF

      1761 Manning Ave

      RETAIL STORES (PERSONAL SERVICES)
      1761 Manning Ave, Reedley, CA 93654-9468
      View Details
    • Value Estimation
      $2,855,000
      26,292 SF

      931 Manning Ave

      RETAIL STORES (PERSONAL SERVICES)
      931 Manning Ave, Reedley, CA 93654-2446
      View Details
    • Value Estimation by Request
      2,080 SF

      1225 11th St

      RETAIL STORES (PERSONAL SERVICES)
      1225 11th St, Reedley, CA 93654
      View Details
    • Value Estimation by Request
      3,712 SF

      1302 11th St

      RETAIL STORES (PERSONAL SERVICES)
      1302 11th St, Reedley, CA 93654-2927
      View Details
    • Value Estimation
      $695,000
      6,240 SF

      561 I St

      RETAIL STORES (PERSONAL SERVICES)
      561 I St, Reedley, CA 93654-2431
      View Details
    • Value Estimation
      $535,000
      3,260 SF

      1452 11th St

      RETAIL STORES (PERSONAL SERVICES)
      1452 11th St, Reedley, CA 93654-2947
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,260 SF

      Retail Building on Corner Lot

      Retail building with salon equipment and tenant-occupied suite.
      1452 11Th St, Reedley, CA 93654
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    • Contact for pricing

      Profitable Smoke Shop & Gift

      Thriving smoke shop and gift store in Reedley, CA for sale.
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      17,177 SF

      High-Visibility Corner Retail Opportunity

      Prime corner location suitable for retail or health services.
      1721 E Manning Ave, Reedley, CA 93654
      View Details
    • Contact for pricing

      Agricultural Land Near Reedley, CA

      Land with irrigation, residences, and shop building near Reedley.
      22337 Muscat Ave, Reedley, CA 93654
      View Details
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      3,144 SF

      Reedley Fourplex: Investment Opportunity

      Well-maintained fourplex in Reedley with long-term tenants and steady income.
      1405 East Cypress Ave, Reedley, CA 93654
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    • Contact for pricing

      Reedley Commercial Land For Sale

      Commercial land available for gas and convenience store.
      163 Panther Ave, Reedley, CA 93654
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    Similar Nearby for Lease

    • 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
    • Contact for pricing
      975 SF

      Retail Space in Busy Corridor

      Retail space available in established, high-traffic area with ample parking.
      1623 11Th St, Reedley, CA 93654
      View Details
    • Contact for pricing
      192 SF

      Retail Space in Busy Corridor

      Available retail space in a busy, established retail corridor.
      1056-1060 G St, Reedley, CA 93654
      View Details
    • Contact for pricing
      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
    • $0.60 SF/Yr

      Industrial Property with Development Potential

      Versatile industrial property with warehouses, crane, and development land.
      43016 Road 68, Reedley, CA 93654
      View Details
    • Contact for pricing
      1,100 SF

      Downtown Reedley Office Space Available

      1,300 SF office space with great signage and parking.
      1202 G St, Reedley, CA 93654
      View Details
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    Reedley, CA 93654
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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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