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    Property profile & analytics

    24109 Ave 9th 9 Madera, CA 93637-9317

    • Grocery and convenience stores
    • 5,000 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0328297
    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

    • Grocery and convenience stores

    Property Details for 24109 Ave 9th 9

    Year built
    1993
    Construction
    WOOD
    Lot size
    0.65 lot acres
    Property size
    5,000 SF
    Zone code
    CRG
    Property type
    Grocery and convenience stores
    APN
    044-152-007-000
    APU
    44152007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $490,000
      Market price range: $490k - $905k

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

    Location Insight

    • Map
    • Local Demand
    City
    Madera
    County
    Madera
    State
    California
    Longitude
    -120.11
    Latitude
    36.8806
    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
    $9,075
    $153,688
    $614,785
    $768,473
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,070,000
      2,240 SF

      1210 Yosemite Ave

      CONVENIENCE STORE • 2,240 SF
      1210 Yosemite Ave, Madera, CA 93637
      View Details
    • Value Estimation
      $260,000
      3,000 SF

      210 Cypress St

      GROCERY, SUPERMARKET • 3,000 SF
      210 Cypress St, Madera, CA 93637
      View Details
    • Value Estimation
      $270,000
      1,600 SF

      518 Gtwy Dr

      GROCERY, SUPERMARKET • 1,600 SF
      518 Gtwy Dr, Madera, CA 93637-4719
      View Details
    • Value Estimation
      $305,000
      5,713 SF

      1301 Olive Ave

      GROCERY, SUPERMARKET • 5,713 SF
      1301 Olive Ave, Madera, CA 93637-5372
      View Details
    • Value Estimation
      $305,000
      8,970 SF

      701 Gtwy Dr

      GROCERY, SUPERMARKET • 8,970 SF
      701 Gtwy Dr, Madera, CA 93637-4722
      View Details
    • Value Estimation
      $270,000
      3,706 SF

      23879 Ave 8th 8

      CONVENIENCE STORE • 3,706 SF
      23879 Ave 8th 8, Madera, CA 93637-9508
      View Details

    Similar Nearby for Sale

    • $475,000
      1,368 SF

      Established Market & Taqueria Business

      Profitable market and taqueria business for sale in Madera.
      12890 Road 24, Madera, CA 93637
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    • $1,700,000
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      Freestanding Retail Building For Sale

      Freestanding retail building with warehouse and highway access.
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    • Contact for pricing

      Madera Development: Prime CA Land

      Five parcels, mixed-use potential, high-growth area.
      13 And Madera Ave, Madera, CA 93637
      View Details
    • $149,000
      4,000 SF

      Retail Property in Madera, CA

      Retail property available for sale in Madera, California.
      200 W Olive Ave, Madera, CA 93637
      View Details
    • $1,500,000
      963 SF

      Net Leased Rally's Restaurant

      Rally's restaurant for sale in Madera, California.
      2310 W Cleveland Ave, Madera, CA 93637
      View Details
    • Contact for pricing
      1.00 Acre

      Madera Retail Land: Prime Location

      Vacant Land, High Visibility, C-2 Zoning
      0 Nwc Ave 16 & Schnoor Ave, Madera, CA 93637
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Madera Retail Center Opportunity

      High-traffic retail spaces available.
      2060 Cleveland Ave, Madera, CA 93637
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      800 sq ft retail/office space in Madera, California.
      1301 W Olive Ave, Madera, CA 93637
      View Details
    • Contact for pricing
      1,596 SF

      Retail Space on Yosemite Avenue

      Former dry cleaning location near Madera High School.
      1201 W Yosemite Ave, Madera, CA 93637
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Madera Marketplace

      Retail space available in a busy shopping center.
      2001-2091 W Cleveland Ave, Madera, CA 93637
      View Details
    • $1.15 SF/Yr
      2,400 SF

      Retail Spaces in High-Traffic Area

      Move-in ready retail spaces with high visibility and ample parking.
      201 S Gateway Dr, Madera, CA 93637
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Madera, CA

      Retail space available in high-traffic Madera shopping center.
      313-345 W Olive Ave, Madera, CA 93637
      View Details
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    24109 Ave 9th 9
    Madera, CA 93637-9317
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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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