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

    2414 Marks Ave Fresno, CA 93722-5216

    • Community centers
    • 18,000 SF
    • 1.65 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2020
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3110794
    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

    • Watermill Express / Big Box & Wholesale Store
    • GULF GAS STATION AND LIQUOR STORE / Gas Station
    • Evergreen Food Store / Grocery & Convenience Store
    • VALERO / Gas Station
    • ATM (Evergreen Food Stores) / Atm

    Property Details for 2414 Marks Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    1.65 lot acres
    Property size
    18,000 SF
    Zone code
    CG
    Property type
    Community centers
    APN
    442-081-23
    APU
    44208123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $589,000
      Market price range: $295k - $590k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $430,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.844
    Latitude
    36.7725
    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
    $38,540
    $728,280
    $2,288,880
    $3,017,160
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      26,640 SF

      Nwc Of Ashlan & Blythe Avenues

      Lifestyle centers • 26,640 SF
      0 Nwc Of Ashlan & Blythe Avenues, Fresno, CA 93722
      View Details
    • Value Estimation
      $845,000
      26,640 SF

      4422 Ashlan Ave

      MINI-MALL • 26,640 SF
      4422 Ashlan Ave, Fresno, CA 93722-4391
      View Details
    • Value Estimation
      $1,245,000
      48,658 SF

      4005 Marks Ave

      SHOPPING CENTER, STRIP CENTER • 48,658 SF
      4005 Marks Ave, Fresno, CA 93722-4555
      View Details
    • Value Estimation by Request

      Shaw & Blythe Ave

      Power centers
      0 Shaw & Blythe Ave, Fresno, CA 93722
      View Details
    • Value Estimation by Request

      99 Seq Herndon & Fwy

      Neighborhood centers
      99 Seq Herndon & Fwy, Fresno, CA 93722
      View Details
    • Value Estimation by Request
      5,824 SF

      4416 Shaw Ave

      Power centers • 5,824 SF
      4416 Shaw Ave, Fresno, CA 93722
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,009 SF

      Retail Investment Opportunity Near Highway

      Retail property with long-term leases and highway access.
      5151 N Gates Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      24,368 SF

      Former CVS Retail Opportunity

      24,368 SF retail property on 2.37 acres.
      4043-4077 W Clinton Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      77,176 SF

      Fresno Corporate Campus Opportunity

      Class A Office Complex, 77,176 SF
      5104 Blythe Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      5,184 SF

      Shaw Westgate Center Office Complex

      Fresno Executive Office Buildings For Sale
      3443 Shaw Ave, Fresno, CA 93722
      View Details
    • $3,400,000
      19.65 Acres

      Fresno Development Land

      19.65 Acres, Multifamily Potential
      3308 Cornelia Ave, Fresno, CA 93722
      View Details
    • $1,893,000

      Residential Land for Development

      Vacant land suitable for residential development with utilities nearby.
      4260 W Mckinley Ave, Fresno, CA 93722
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,640 SF

      Nwc Of Ashlan & Blythe Avenues

      Lifestyle centers • 26,640 SF
      0 Nwc Of Ashlan & Blythe Avenues, Fresno, CA 93722
      View Details
    • Contact for pricing
      13,932 SF

      Fresno Retail Center: Prime Location

      High-traffic retail space available in Fresno, CA.
      4025 Figarden Dr, Fresno, CA 93722
      View Details
    • Contact for pricing
      18,863 SF

      El Paseo Marketplace Retail Spaces

      Fresno County retail spaces available now.
      99 Seq Herndon & Fwy, Fresno, CA 93722
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Figarden New Town

      Retail space available in Figarden New Town shopping center.
      6015-6051 N Figarden Dr, Fresno, CA 93722
      View Details
    • Contact for pricing
      3,200 SF

      Retail and Office Center Space

      Multi-tenant retail and office center near Target.
      3201-3225 E Shields Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      5,824 SF

      Retail Space in Fresno Center

      Retail spaces available in a busy, anchored shopping center.
      4416-4486 W Shaw Ave, Fresno, CA 93722
      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.
    2414 Marks Ave
    Fresno, CA 93722-5216
    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!