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    Property profile & analytics

    240 Robertson Blvd Chowchilla, CA 93610-9385

    • Gas stations
    • 1,920 SF
    • 1.71 lot acres
    OFF-MARKET
    Last Sale
    Apr 19, 2023
    $4,000,000
    Value Estimations
    $3,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0358279
    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

    • Gas stations

    Property Details for 240 Robertson Blvd

    Year built
    1980
    Construction
    WOOD
    Lot size
    1.71 lot acres
    Property size
    1,920 SF
    Property type
    Gas stations
    APN
    001-190-009-000
    APU
    1190009000

    Description

    This exceptional 1,879-square-foot executive office space in Chowchilla, California, presents a unique blend of vintage charm and modern convenience. Located at 240 W Robertson Blvd, Madera County, this single-tenant property offers a captivating retail or office environment. The space boasts attractive vinyl plank flooring throughout, simplifying maintenance. High ceilings create an airy atmosphere, enhanced by abundant natural light streaming through a glass storefront, ideal for showcasing merchandise or creating a welcoming office presence. The building's vintage character adds a distinctive touch, while its prime location offers easy access to other retail establishments. This property is perfect for a business seeking a unique and well-maintained space in a thriving community. The address is 240 W Robertson Blvd, Chowchilla, CA 93610. The property is classified as Retail and Office, specifically an Executive Office, and is a single-tenant space. The property's convenient location and charming aesthetics make it an attractive option for businesses seeking a distinctive presence in Chowchilla. The combination of vintage appeal and practical features makes this a truly unique opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,270,000
      ML approach
      $3,230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chowchilla
    County
    Madera
    State
    California
    Longitude
    -120.255
    Latitude
    37.1273
    CBSA code
    31460
    CBSA name
    MADERA, 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
    $48,061
    $402,900
    $4,004,559
    $4,407,459
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $420,000
      1,662 SF

      107 Robertson Blvd

      GAS STATION • 1,662 SF
      107 Robertson Blvd, Chowchilla, CA 93610-2931
      View Details
    • Value Estimation by Request
      708 SF

      235 Robertson Blvd

      GAS STATION • 708 SF
      235 Robertson Blvd, Chowchilla, CA 93610
      View Details
    • Value Estimation
      $345,000
      1,036 SF

      22792 Rd 4th 4

      GAS STATION • 1,036 SF
      22792 Rd 4th 4, Chowchilla, CA 93610-9291
      View Details
    • Value Estimation
      $395,000
      4,000 SF

      18208 Ave 24

      GAS STATION • 4,000 SF
      18208 Ave 24, Chowchilla, CA 93610-9510
      View Details
    • Value Estimation
      $290,000
      1,185 SF

      441 Robertson Blvd

      GAS STATION • 1,185 SF
      441 Robertson Blvd, Chowchilla, CA 93610-2846
      View Details
    • Value Estimation
      $355,000
      1,890 SF

      1617 Robertson Blvd

      AUTO REPAIR, GARAGE • 1,890 SF
      1617 Robertson Blvd, Chowchilla, CA 93610-8542
      View Details

    Similar Nearby for Sale

    • $340,000

      Downtown Chowchilla Retail Opportunity

      Retail shop in downtown Chowchilla with high visibility.
      1005 Robertson Blvd, Chowchilla, CA 93610
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    • $5,950,000
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      Chowchilla Commercial Building For Sale

      24,805± SF building on 4.366± acres in Chowchilla, CA.
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    • $595,000
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      Chowchilla Retail Building - Prime Location

      High-Visibility Retail Space, 6,385 sq ft
      404 Robertson Blvd, Chowchilla, CA 93610
      View Details
    • $450,000
      13.27 Acres

      Prime Chowchilla Farmland

      13.27 Acres, $450K, Hwy 99 Access
      22492 Road 19, Chowchilla, CA 93610
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    • $315,000
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      Chowchilla Commercial Land - $315K

      Prime Chowchilla commercial lot, freeway access.
      442 Robertson Blvd, Chowchilla, CA 93610
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    • $390,000
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      Chowchilla Business Opportunity

      Dual-Address Commercial Building, High Potential
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      4,525 SF

      Retail Space in Chowchilla

      Retail spaces available in high-traffic Chowchilla location.
      305 S Chowchilla Blvd, Chowchilla, CA 93610
      View Details
    • $1.25 SF/Yr
      18,160 SF

      High-Traffic Retail Center Space

      Retail spaces available in recently renovated, high-traffic Chowchilla center.
      1702-1780 Robertson Blvd, Chowchilla, CA 93610
      View Details
    • Contact for pricing

      Chowchilla Land Pads Available

      Fast food and hotel pads for sale or lease.
      313 Prosperity Blvd, Chowchilla, CA 93610
      View Details
    • $1.00 SF/Yr
      12,000 SF

      Chowchilla Industrial Warehouse For Lease

      12,000 SF clear span warehouse with immediate occupancy.
      21707 Road 20, Chowchilla, CA 93610
      View Details
    • $1.15 SF/Yr
      1,893 SF

      Professional Office Space Available

      Freestanding office building with parking and new finishes.
      3275 E Robertson Blvd, Chowchilla, CA 93610
      View Details
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    Chowchilla, CA 93610-9385
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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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