Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2028 3rd St Fresno, CA 93702-4156

    • Manufacturing properties
    • 142,336 SF
    • 15.30 lot acres
    OFF-MARKET
    Value Estimations
    $2,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2967512
    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

    • Valley Fig Growers / Big Box & Wholesale Store / Agricultural Supply
    • Vinicas Inc / Warehouse & Storage

    Property Details for 2028 3rd St

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.30 lot acres
    Property size
    142,336 SF
    Zone code
    IH
    Property type
    Manufacturing properties
    APN
    471-253-21
    APU
    47125321

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,804,000
      Market price range: $1.51M - $5.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.771
    Latitude
    36.7225
    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
    $80,698
    $324,779
    $5,779,417
    $6,104,196
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,510,000
      146,282 SF

      3158 Hamilton Ave

      FOOD PACKING, PACKING PLANT • 146,282 SF
      3158 Hamilton Ave, Fresno, CA 93702-4163
      View Details
    • Value Estimation by Request
      51,298 SF

      3310 California Ave

      FOOD PACKING, PACKING PLANT • 51,298 SF
      3310 California Ave, Fresno, CA 93702-4210
      View Details
    • Value Estimation
      $13,075,000
      110,259 SF

      3115 Hamilton Ave

      INDUSTRIAL (GENERAL) • 110,259 SF
      3115 Hamilton Ave, Fresno, CA 93702
      View Details
    • Value Estimation by Request
      3,728 SF

      3857 Cesar Chavez Blvd

      LIGHT INDUSTRIAL • 3,728 SF
      3857 Cesar Chavez Blvd, Fresno, CA 93702-3405
      View Details
    • Value Estimation by Request
      3,420 SF

      3620 Townsend Ave

      WAREHOUSE, STORAGE • 3,420 SF
      3620 Townsend Ave, Fresno, CA 93702-4315
      View Details
    • Value Estimation by Request
      4,950 SF

      3605 Tulare St

      WAREHOUSE, STORAGE • 4,950 SF
      3605 Tulare St, Fresno, CA 93702-2850
      View Details

    Similar Nearby for Sale

    • $295,000
      4,000 SF

      Industrial Building with Flexible Zoning

      4,000 SF industrial building with excellent highway access.
      2025 S Hazelwood Blvd, Fresno, CA 93702
      View Details
    • $295,000
      4,000 SF

      Fresno Industrial Warehouse For Sale

      ±4,000 SF warehouse, excellent freeway access.
      2025 Hazelwood Blvd, Fresno, CA 93702
      View Details
    • $4,950,000
      30,300 SF

      Fresno Industrial Multi-Space

      Brand new office/warehouse, multiple units.
      4630 Olive Ave, Fresno, CA 93702
      View Details
    • $150,000
      0.17 Acres

      Fresno Mixed-Use Land Investment

      0.17 Acres, High Growth Potential
      3849 Ventura Ave, Fresno, CA 93702
      View Details
    • $449,000
      1,408 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      4605 E Belmont Ave, Fresno, CA 93702
      View Details
    • $150,000

      Land Near New School

      Commercial land available across the street from a new school.
      3849 E Ventura Ave, Fresno, CA 93702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,765 SF

      Fresno Retail/Warehouse Space Available

      Retail and warehouse property in southeast Fresno for lease.
      3515 E Tulare St, Fresno, CA 93702
      View Details
    • $2 SF/Yr
      2,020 SF

      Prime Fresno Retail Opportunity

      High-traffic retail space in central Fresno with on-site parking.
      4190 E Ventura Ave, Fresno, CA 93702
      View Details
    • Contact for pricing

      Commercial Retail Land For Rent

      Approximately 1.13 acres of commercial retail land available for rent.
      4204 E Olive Ave, Fresno, CA 93702
      View Details
    • Contact for pricing
      4,125 SF

      Retail Space Near Vallarta

      Retail space with high visibility and easy access.
      1281 S Chestnut Ave, Fresno, CA 93702
      View Details
    • $1.00 SF/Yr
      2,720 SF

      Retail Space on Kings Canyon

      Retail and restaurant spaces available in established Fresno location.
      4798 E Kings Canyon Rd, Fresno, CA 93702
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Heritage Square

      Retail space for lease in Heritage Square Shopping Center.
      3226-3276 E Tulare St, Fresno, CA 93702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2028 3rd St
    Fresno, CA 93702-4156
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!