2015 Mariposa St Fresno, CA 93721-2003
Property Lookup
Property profile & analytics
2015 Mariposa St Fresno, CA 93721-2003
- Retail space
- 10,018 SF
- 0.28 lot acres
Property ID
US09-2810081
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
- Retail space
Property Details for 2015 Mariposa St
- Year built
- 1970
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.28 lot acres
- Property size
- 10,018 SF
- Zone code
- DTC
- Property type
- Retail space
- APN
- 466-171-11
- APU
- 46617111
Description
This exceptional value-add opportunity consists of three buildings totaling 55,258 square feet in Fresno's vibrant Fulton District. The portfolio includes a mix of retail and restaurant spaces, currently housing six tenants across three buildings situated on three separate parcels (APN: 466-171-11,12,13) with a combined lot size of 30,771 square feet. Built in 1948, these three buildings, featuring a three-story mixed-use structure and two single-story buildings, offer significant upside potential. The property boasts a current NOI of $200,245 and a pro-forma NOI of $483,443, translating to a 7.42% cap rate and a pro-forma cap rate of 13.37%, respectively. The asking price is $2,700,000, representing a price per square foot of $48.86. The permitted zoning is DTC. The prime location offers ample street parking and proximity to major attractions, including the Brewery District, Fresno Convention & Entertainment Center, Saroyan Theatre, and Robert A. Schoettler Conference Center. The surrounding area has a population of over 305,000 within a 5-mile radius, with an average household income of $54,040. This presents a compelling investment opportunity for buyers or owner-users seeking to capitalize on the growth and potential of Downtown Fresno. The portfolio's strategic location and significant upside potential make it an attractive addition to any investment portfolio. The buildings are situated at 2015 Mariposa St, 1118 Fulton St, and 1130 Fulton St, Fresno, CA 93721. One building features a unique Art Deco design. This fee simple ownership opportunity is priced well below replacement cost.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,139,000
Market price range: $198k - $1.47M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $900,000 Current use
- AUTO REPAIR, GARAGE
- $1,545,000 Change: +72% Conversion: Difficult
- OFFICE BUILDING
- $1,435,000 Change: +59% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,410,000 Change: +57% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,285,000 Change: +43% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.791
- Latitude
- 36.7353
- 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
$11,106
$150,000
$500,000
$650,000
-
$0.00
$0.00
$0.00
