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

    2015 Mariposa St Fresno, CA 93721-2003

    • Retail space
    • 10,018 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    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.

    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

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $505,000
      Market price range: $251k - $617k

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

    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

    Comparable in this City

    • Value Estimation
      $220,000
      384 SF

      330 Nn Sth

      RETAIL STORES (PERSONAL SERVICES) • 384 SF
      330 Nn Sth, Fresno, CA 93721-3018
      View Details
    • Value Estimation
      $300,000
      11,250 SF

      3030 Tulare St

      RETAIL STORES (PERSONAL SERVICES) • 11,250 SF
      3030 Tulare St, Fresno, CA 93721-1415
      View Details
    • Value Estimation
      $330,000
      6,028 SF

      1822 Van Ness Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,028 SF
      1822 Van Ness Ave, Fresno, CA 93721-1133
      View Details
    • Value Estimation
      $405,000
      14,000 SF

      758 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 14,000 SF
      758 Broadway St, Fresno, CA 93721-2808
      View Details
    • Value Estimation
      $610,000
      65,244 SF

      1101 Fulton St

      RETAIL STORES (PERSONAL SERVICES) • 65,244 SF
      1101 Fulton St, Fresno, CA 93721-1913
      View Details
    • Value Estimation
      $290,000
      5,000 SF

      617 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      617 Broadway St, Fresno, CA 93721-2805
      View Details

    Similar Nearby for Sale

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      Downtown Fresno Retail Opportunity

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    • $835,000
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    • $575,000

      Downtown Fresno Retail/Office Opportunity

      5,250 SF property in downtown Fresno ready for renovation.
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    • $395,000
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      2428 San Benito St

      Individual retail properties • 2,000 SF
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    • $1,250,000
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    Similar Nearby for Lease

    • Contact for pricing
      770 SF

      Retail Space in Downtown Fresno

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      Retail Space in Tower District

      Retail space available in Fresno's Tower District.
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    • Contact for pricing
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      Downtown Retail Space Available

      Prime location with high foot traffic in Fulton Corridor.
      2013-2021 Mariposa St, Fresno, CA 93721
      View Details
    • Contact for pricing
      753 SF

      Downtown Retail Space For Rent

      Retail space in prime downtown location near entertainment venues.
      2349 Kern St, Fresno, CA 93721
      View Details
    • $12 SF/Yr
      11,250 SF

      Downtown Fresno Office/Retail

      Prime Fresno location, freeway access.
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      View Details
    • $15 SF/Yr
      21,526 SF

      Downtown Fresno Executive Suites

      Prime Fresno location, 21,526 sq ft available.
      1260 M St, Fresno, CA 93721
      View Details
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    2015 Mariposa St
    Fresno, CA 93721-2003
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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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