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Property profile & analytics
FOR SALE
Retail space
1824 E Mckinley Ave Fresno, CA 93703
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US09-2529711
For Sale
1 / 30
$725,000
1824 E Mckinley Ave, Fresno, CA 93703
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Property summary
AI-generated overview
This exceptional 5,720-square-foot warehouse, located at 1824 E McKinley Ave in Fresno, CA 93703, presents a unique investment opportunity. Built in 1966, this two-story building sits on a 9,720-square-foot lot (APN 451-071-03) and features a 20-foot ceiling height. The property is owner-occupied and boasts a single unit with 5,720 square feet of net rentable space. Its strategic location within Fresno's key industrial corridor provides easy access to major transportation routes. The solid concrete construction ensures durability, while the open floor plan offers flexibility for various business needs. The NMX zoning allows for mixed-use possibilities, expanding potential applications beyond traditional warehousing. Ample on-site parking is available for convenient loading, unloading, and daily operations. Priced at $795,000 ($138.99/sq ft), this property offers a compelling combination of location, functionality, and zoning versatility. This is an ideal opportunity for businesses seeking a well-situated, adaptable industrial space in a thriving Fresno location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
5,720 SF
Lot
0.22 ac (9,720 SF)
Zoning code
NMX
APN
451-071-03
UPID
US09-2529711
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kirk's Kar Upholstery Auto Repair Shop
-
Emergency Dentist Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$535k
Owner & transaction history
Norman Kazanjian · 29 yrs held
Norman Kazanjian
since 1996
4 recorded transactions
Zoning & alternative use
NMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$805,000
+38.6%
Apartment house (5+ units)
$665,000
+14.8%
Office building
$600,000
+3.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
INDUSTRIAL (GENERAL)
$805,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,979
Tax year 2023
Assessed value
$381,379
Assessed 2023
Previous assessed
$381,379
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$51,992
Assessed improvement
$329,387
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
5,720 SF
Lot
0.22 ac (9,720 SF)
Zoning code
NMX
APN
451-071-03
UPID
US09-2529711
Jurisdiction
FRESNO
Zoning & alternative use
NMX · Fresno, CA
Zoning NMX · permitted uses
NMX · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$580,000
INDUSTRIAL (GENERAL)
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Norman Kazanjian
Individual
Mailing address
1824 E MCKINLEY AVE, FRESNO, CA 93703-2903
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 1996
—
Norman Kazanjian
Kazanjian,tina
Quit Claim Deed
related
—
—
—
Norman Kazanjian
—
Deed Of Trust
related
$113,000 · Bank Of The Sierra
—
—
Norman Kazanjian
—
Deed Of Trust
related
$10,000 · Individual
—
—
Norman Kazanjian
—
Deed Of Trust
related
$81,200 · Reinhard Cabinet Shop Pp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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