1928 W Olive Ave Fresno, CA 93728
Property profile & analytics
1928 W Olive Ave Fresno, CA 93728
- Retail space
- 8,320 SF
- 1.00 lot acres
Property ID
US09-5244758
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.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 1928 W Olive Ave
- Year built
- 2014
- Construction
- WOOD
- Lot size
- 1.00 lot acres
- Property size
- 8,320 SF
- Zone code
- NMX
- Property type
- Retail space
- APN
- 449-231-33
- APU
- 44923133
Description
This exceptional investment opportunity presents a fee-simple, single-tenant net-leased Family Dollar property in Fresno, CA. The 8,320 square foot building, constructed in 2014, sits on a 43,560 square foot lot zoned C-6. The property boasts a 100% occupancy rate with a corporate guarantee from Family Dollar, Inc., a subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR), holding a BBB S&P rating. The current lease, commenced September 21, 2012, has a remaining term of 4.5 years, with five 5-year options remaining, each including a 10% rent increase. The current annual net operating income (NOI) is $181,009, resulting in an 8.35% cap rate and a price per square foot of $260.55. The asking price is $2,167,777. Landlord responsibilities are limited to roof and structure maintenance. This strategically located Family Dollar is the only one west of Highway 99, over 14 miles from the nearest competitor, serving a substantial population within a 5-mile radius (301,416 people, $61,500 average household income). The property enjoys excellent visibility and accessibility near the intersection of Olive Ave. and Highway 99, a major thoroughfare with daily traffic exceeding 137,000 vehicles. This presents a compelling investment with significant long-term growth potential due to the strong tenant, lease terms, and prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,500,000
- 7%
- $1,395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,024,000
Market price range: $490k - $1.02M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,955,000
- MEDICAL BUILDING
- $1,670,000
- AUTO REPAIR, GARAGE
- $1,285,000
- APARTMENT HOUSE (5+ UNITS)
- $1,200,000
- INDUSTRIAL (GENERAL)
- $1,170,000
- OFFICE BUILDING
- $1,065,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.834
- Latitude
- 36.7579
- 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
$18,474
$404,308
$1,039,659
$1,443,967
-
$0.00
$0.00
$0.00
