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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1885 E Griffith Way Fresno, CA 93705

    • Warehouses
    • 10,068 SF
    • 0.72 lot acres
    For Lease
    View listing
    $0.80 SF/Yr
    Last Sale
    Apr 20, 2022
    $1,040,000
    Value Estimations
    $1,515,000
    Cap Rate Potential
    5.8%
    Warehouses
    Location Intelligence
    Property ID
    US09-2903417
    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

    • Pipes Are Us / Plumber
    • Tawney Wood Solutions / Cabinet Maker
    • Addison & Associates / Store

    Property Details for 1885 E Griffith Way

    Year built
    2006
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.72 lot acres
    Property size
    10,068 SF
    Zone code
    RMX
    Property type
    Warehouses
    APN
    436-100-19
    APU
    43610019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,540,000
      ML approach
      $1,415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,380,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,541,000
      Market price range: $512k - $1.54M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $950,000
      Current use
      RESTAURANT
      $2,365,000
      Change: +150% Conversion: Difficult
      MEDICAL BUILDING
      $2,025,000
      Change: +114% Conversion: Difficult
      OFFICE BUILDING
      $1,600,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,550,000
      Change: +64% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,415,000
      Change: +49% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,410,000
      Change: +49% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.789
    Latitude
    36.791
    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
    $13,868
    $228,888
    $853,128
    $1,082,016
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $450,000
      7,000 SF

      4656 Dakota Ave

      WAREHOUSE, STORAGE • 7,000 SF
      4656 Dakota Ave, Fresno, CA 93726-4727
      View Details
    • Value Estimation
      $475,000
      11,650 SF

      4920 Ashlan Ave

      WAREHOUSE, STORAGE • 11,650 SF
      4920 Ashlan Ave, Fresno, CA 93726-3099
      View Details
    • Value Estimation
      $1,340,000
      62,769 SF

      3880 Hayston Ave

      MINI-WAREHOUSE, STORAGE • 62,769 SF
      3880 Hayston Ave, Fresno, CA 93726-4620
      View Details
    • Value Estimation
      $995,000
      33,300 SF

      4333 Effie St

      WAREHOUSE, STORAGE • 33,300 SF
      4333 Effie St, Fresno, CA 93726-2006
      View Details
    • Value Estimation
      $600,000
      14,200 SF

      Fresno, CA 93726

      MINI-WAREHOUSE, STORAGE • 14,200 SF
      Fresno, CA 93726
      View Details
    • Value Estimation
      $285,000
      3,886 SF

      3929 Blackstone Ave

      WAREHOUSE, STORAGE • 3,886 SF
      3929 Blackstone Ave, Fresno, CA 93726-3804
      View Details

    Similar Nearby for Sale

    • $6,250,000
      39,695 SF

      Manufacturing Building with Large Yard

      Manufacturing building with large yard and highway access for sale.
      3488 W Ashlan Ave, Fresno, CA 93726
      View Details
    • $223,000
      1,088 SF

      Well-Maintained Condo with Modern Updates

      Updated condo in gated community, close to amenities and freeways.
      4849 N 7Th St, Fresno, CA 93726
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    • $2,500,000

      Office Zoned Lots at Granite Park

      Office zoned lots available for sale near Granite Park.
      4084 N Cedar Ave, Fresno, CA 93726
      View Details
    • $2,500,000

      Office Zoned Lots Near Freeways

      Office zoned lots available near Granite Park Sports Complex.
      4078 N Cedar Ave, Fresno, CA 93726
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    • $525,000
      2,407 SF

      Fresno Office Space - $525K

      2,407 sq ft, move-in ready office
      4685 Cedar Ave, Fresno, CA 93726
      View Details
    • $1,950,000
      19,396 SF

      Blackstone Ave Retail Center

      Fresno retail building, high traffic
      4344 Blackstone Ave, Fresno, CA 93726
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      2,175 SF

      Workshop/Office/Warehouse with Yard

      Turn-key space with yard, parking, and easy freeway access.
      3953 N Blackstone Ave, Fresno, CA 93726
      View Details
    • $2,000 /Mo
      2,000 SF

      Industrial Warehouse Near Highway 168

      2,000 SF warehouse with highway access and IL zoning.
      4914 E Ashlan Ave, Fresno, CA 93726
      View Details
    • $15 SF/Yr
      45,667 SF

      Fresno Office Space: Ashlan Ave

      Prime Fresno Office, Flex Space Available
      4910 Ashlan Ave, Fresno, CA 93726
      View Details
    • $0.85 SF/Yr
      7,936 SF

      Industrial Space Near Freeway 99

      Industrial property near Freeway 99 and retail amenities for lease.
      4041 W Ashcroft Ave, Fresno, CA 93726
      View Details
    • Contact for pricing
      16,616 SF

      Fresno Retail Space For Lease

      Retail property in Fresno with ample parking and easy access.
      3303 N Cedar Ave, Fresno, CA 93726
      View Details
    • Contact for pricing
      2,341 SF

      Retail Space in Shopping Center

      Retail and restaurant spaces available in Manchester North Shopping Center.
      3782-3790 N Blackstone Ave, Fresno, CA 93726
      View Details
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    1885 E Griffith Way
    Fresno, CA 93705
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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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