Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    171 Madera Ave Kerman, CA 93630-1101
    Back to Search
    Property profile & analytics

    171 Madera Ave, Kerman, CA 93630-1101

    View on Map
    • Medical Office Space
    • 6,138 SF
    • 0.42 lot acres
    Off-Market
    Last Sale Dec 31, 2020
    $336,000
    Property ID
    US09-1101575
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Valley Health Team Dental Services: Nassar Crystal DDS / Dental Office
    • Valley Health Team Dental Services: Huynh Loan DDS / Dental Office
    • Valley Health Team Inc / Dental Office

    Property Details for 171 Madera Ave

    Year built
    1965
    Construction
    TILT-UP CONCRETE
    Lot size
    0.42 lot acres
    Zone code
    CG
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    023-390-16S
    APU
    02339016S

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 4, 2021 — Gurminder Grewal — Deed · related $144k · Cen Cal Business Finance Group
    Dec 31, 2020 — Gurminder Grewal Grewal Pretti Quit Claim Deed · related —
    Dec 31, 2020 $336,000 Gurminder Grewal Kathleen Zanger Ruiz Grant Deed —
    Jun 29, 2000 $525,000 Ruiz Trust Kerman Medical & Professional Grant Deed —
    Dec 29, 1978 $150,000 Kerman Medical & Kerman Professional Bldg — Grant Deed · related —
    — — Kerman Medical & — Deed Of Trust · related $310k · Kerman State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerman
    County
    Fresno
    State
    California
    Longitude
    -120.061
    Latitude
    36.7335
    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
    $4,017
    $104,040
    $245,534
    $349,574
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,070,000
      10,200 SF

      14941 Whitesbridge Ave

      MEDICAL BUILDING
      14941 Whitesbridge Ave, Kerman, CA 93630-1111
      View Details
    • Value Estimation
      $735,000
      6,224 SF

      1000 Madera Ave

      MEDICAL BUILDING
      1000 Madera Ave, Kerman, CA 93630-1750
      View Details
    • Value Estimation
      $3,735,000
      16,834 SF

      517 Madera Ave

      MEDICAL BUILDING
      517 Madera Ave, Kerman, CA 93630-1523
      View Details
    • Value Estimation
      $725,000
      4,972 SF

      445 Madera Ave

      MEDICAL BUILDING
      445 Madera Ave, Kerman, CA 93630
      View Details
    • Value Estimation by Request
      1,772 SF

      547 Madera Ave

      MEDICAL BUILDING
      547 Madera Ave, Kerman, CA 93630-1535
      View Details
    • Value Estimation by Request
      1,534 SF

      207 Madera Ave

      MEDICAL BUILDING
      207 Madera Ave, Kerman, CA 93630-1103
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Productive Organic Raisin Vineyard

      Organic raisin vineyard with Grade 1 soils and dual water.
      35 N Of Ave 7, Kerman, CA 93630
      View Details
    • Contact for pricing

      Thompson Vineyard West of Kerman

      Excellent Thompson vineyard, well-maintained, west of Kerman, California.
      1 South Plumas Ave, Kerman, CA 93630
      View Details
    • Contact for pricing
      77,056 SF

      Almond Processing Facility on 19.72 Acres

      Almond processing facility in Kerman, CA with extensive equipment.
      1750 N Siskiyou Ave, Kerman, CA 93630
      View Details
    • Contact for pricing

      Vacant Commercial Land Available

      3.6± acres of vacant commercial land for sale/lease.
      88 N Vineland Ave, Kerman, CA 93630
      View Details
    • Contact for pricing
      4,003 SF

      New Valero Gas Station For Sale

      New gas station with convenience store and drive-thru restaurant.
      14859 W Whitesbridge Ave, Kerman, CA 93630
      View Details
    • Contact for pricing
      Pending

      78-Acre Farm with Young Almonds

      78 acres with young almonds, well, and open land.
      Whitebridge, Kerman, CA 93630
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Agricultural Property with Vineyard

      Expansive property featuring vineyard, wells, tanks, and office space.
      5806 N Modoc Ave, Kerman, CA 93630
      View Details
    • Contact for pricing
      1,140 SF

      Retail Space in Kerman Center

      Retail space available in established Kerman shopping center.
      190-200 N Madera Ave, Kerman, CA 93630
      View Details
    • Contact for pricing

      Highway Frontage Retail Kiosk Space

      Kiosk retail space with highway frontage, near Starbucks and Chipotle.
      40 S 1St St, Kerman, CA 93630
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    171 Madera Ave
    Kerman, CA 93630-1101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    171 Madera Ave, Kerman, CA, 93630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!