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    Property profile & analytics

    2196 Reed Ave Reedley, CA 93654

    • Warehouses
    • 1,512 SF
    • 3.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2085749
    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

    • Warehouses

    Property Details for 2196 Reed Ave

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.03 lot acres
    Property size
    1,512 SF
    Zone code
    AE20
    Property type
    Warehouses
    APN
    363-062-06S
    APU
    36306206S

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedley
    County
    Fresno
    State
    California
    Longitude
    -119.453
    Latitude
    36.6169
    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
    2016
    $1,936
    $25,000
    $125,000
    $150,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,280 SF

      1235 11th St

      WAREHOUSE, STORAGE • 5,280 SF
      1235 11th St, Reedley, CA 93654-2924
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    • Value Estimation by Request
      2,400 SF

      821 Dinuba Ave

      WAREHOUSE, STORAGE • 2,400 SF
      821 Dinuba Ave, Reedley, CA 93654-3559
      View Details
    • Value Estimation
      $775,000
      20,300 SF

      1960 13th St

      WAREHOUSE, STORAGE • 20,300 SF
      1960 13th St, Reedley, CA 93654-3307
      View Details
    • Value Estimation
      $880,000
      12,500 SF

      1656 Buttonwillow Ave

      WAREHOUSE, STORAGE • 12,500 SF
      1656 Buttonwillow Ave, Reedley, CA 93654-9329
      View Details
    • Value Estimation
      $8,215,000
      68,550 SF

      2059 Olson Ave

      WAREHOUSE, STORAGE • 68,550 SF
      2059 Olson Ave, Reedley, CA 93654
      View Details
    • Value Estimation
      $13,270,000
      122,985 SF

      1219 Dinuba Ave

      MINI-WAREHOUSE, STORAGE • 122,985 SF
      1219 Dinuba Ave, Reedley, CA 93654-3557
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,200 SF

      Industrial Warehouses with Development Potential

      Two warehouses on 2.71 acres near Highway 99.
      43016 Road 68, Reedley, CA 93654
      View Details
    • $450,000
      1,600 SF

      1325 I St, Reedley, CA 93654

      Industrial properties • 1,600 SF
      1325 I St, Reedley, CA 93654
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    • $650,000
      3,000 SF

      Reedley Industrial Space & Home

      Prime Office, Rental Income Potential
      1301 I St, Reedley, CA 93654
      View Details
    • Contact for pricing
      35.50 Acres

      Kings River Village Development Land

      35.5 Acres, Reedley CA - Prime Location
      0 Buttonwillow Ave, Reedley, CA 93654
      View Details
    • $3,500,000
      38.20 Acres

      Reedley Mixed-Use Land

      38 Acres, Prime Location, $3.5M
      0 Swc Of Manning And Zumwalt Avenues, Reedley, CA 93654
      View Details
    • $649,900
      3,144 SF

      Reedley Fourplex: Investment Opportunity

      Well-maintained fourplex in Reedley with long-term tenants and steady income.
      1405 E Cypress Ave, Reedley, CA 93654
      View Details

    Similar Nearby for Lease

    • $0.60 SF/Yr

      Industrial Property with Development Potential

      Versatile industrial property with warehouses, crane, and development land.
      43016 Road 68, Reedley, CA 93654
      View Details
    • Contact for pricing
      2,664 SF

      Retail Space Near Reedley Campus

      Retail space available near Reedley College and High School.
      589 I St, Reedley, CA 93654
      View Details
    • $1.25 SF/Yr
      975 SF

      Retail Space in Busy Corridor

      Retail space available in established, high-traffic area with ample parking.
      1623 11Th St, Reedley, CA 93654
      View Details
    • $1,200 /Mo
      936 SF

      Retail Space in Busy Corridor

      Available retail space in a busy, established retail corridor.
      1056-1060 G St, Reedley, CA 93654
      View Details
    • $1.25 SF/Yr
      1,300 SF

      Downtown Reedley Office Space Available

      1,300 SF office space with great signage and parking.
      1202 G St, Reedley, CA 93654
      View Details
    • $2.00 SF/Yr
      1,336 SF

      Move-In Ready Medical Office Space

      First-class medical/professional office space near Reedley Hospital.
      326-346 W Carob Ave, Reedley, CA 93654
      View Details
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    2196 Reed Ave
    Reedley, CA 93654
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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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