Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    242 Clark St Fresno, CA 93701-2109
    Back to Search
    Property profile & analytics

    242 Clark St, Fresno, CA 93701-2109

    View on Map
    • Automotive properties
    • 924 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US09-1092913
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Automotive properties

    Property Details for 242 Clark St

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Zone code
    PI
    Property type
    Automotive properties
    APN
    459-261-17
    APU
    45926117

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 20, 2015 $145,000 Community Hospitals Of Central Carns Michael & Joyce Grant Deed —
    Jun 21, 2006 $145,000 Michael Carns Gutierrez,evelina J P Grant Deed —
    Jul 29, 1992 — Evelina J P Gutierrez Zarate,evelina G Grant Deed $26k · Standard Mortgage Co INC
    Mar 1, 1989 $22,538 Thomas A Heckel Ryas Inv INC Trustees Deed · related —
    — — Michael Carns — Deed Of Trust · related $65k · C U Members Mortgage
    — — Evelina J Gutierrez — Deed Of Trust · related $32k · Pacific Thrift & Loan Co
    — — Evelina J Gutierrez — Deed Of Trust · related $56k · Bank Of America
    — — Evelina J Gutierrez — Deed Of Trust · related $3k · Arrowhead Service Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.786
    Latitude
    36.746
    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
    $146
    $17,323
    $17,845
    $35,168
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Fresno, CA 93701

      VEHICLE SALES, RENTALS
      Fresno, CA 93701
      View Details
    • Value Estimation
      $37,850,000
      480,570 SF

      188 Wayte Ln

      VEHICLE SALES, RENTALS
      188 Wayte Ln, Fresno, CA 93701
      View Details
    • Value Estimation by Request
      0.17 Acres

      252 Clark St

      VEHICLE SALES, RENTALS
      252 Clark St, Fresno, CA 93701
      View Details
    • Value Estimation by Request
      286 SF

      921 Blackstone Ave

      VEHICLE SALES, RENTALS
      921 Blackstone Ave, Fresno, CA 93701-1013
      View Details
    • Value Estimation
      $620,000
      0.16 Acres

      453 Abby St

      VEHICLE SALES, RENTALS
      453 Abby St, Fresno, CA 93701
      View Details
    • Value Estimation by Request
      0.22 Acres

      Fresno, CA 93701

      VEHICLE SALES, RENTALS
      Fresno, CA 93701
      View Details

    Similar Nearby for Sale

    • $1,995,000

      Prime Fresno Corner Property

      Highly visible showroom, service, and accessory buildings on over one acre.
      276 N Abby St, Fresno, CA 93701
      View Details
    • Contact for pricing
      1,296 SF

      Remodeled Freestanding Building with Solar

      Remodeled building with owned solar, wash rack, and ample parking.
      408 N Blackstone Ave, Fresno, CA 93701
      View Details
    • Contact for pricing
      1,589 SF

      Freestanding Building on Corner Lot

      Freestanding building on a highly visible corner with large lot.
      204 N Abby St, Fresno, CA 93701
      View Details
    • Contact for pricing
      5,910 SF

      Freestanding Retail Building on Blackstone

      5,910 SF retail building with parking and visibility.
      426 N Blackstone Ave, Fresno, CA 93701
      View Details
    • $395,000
      1,499 SF

      Retail Space in Fresno, CA

      Retail space available for purchase in Fresno, California.
      Fresno, CA 93701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      816 SF

      Retail Space with Auto Sales Zoning

      816 SF retail space with approved zoning for auto sales.
      166 N Abby St, Fresno, CA 93701
      View Details
    • Contact for pricing
      950 SF

      Downtown Fresno Retail Space Available

      Retail space in downtown Fresno with high visibility and parking.
      365 N Fresno St, Fresno, CA 93701
      View Details
    • Contact for pricing

      Freestanding Warehouse on Olive Avenue

      Freestanding warehouse space with high visibility and secure gated access.
      1907 E Olive Ave, Fresno, CA 93701
      View Details
    • Contact for pricing
      12,140 SF

      Freestanding Warehouse Near Blackstone Avenue

      Freestanding warehouse with security gate, suitable for industrial uses.
      1839-1939 E Olive Ave, Fresno, CA 93701
      View Details
    • Contact for pricing
      3,378 SF

      Move-in-Ready Medical Office Space

      Class A medical office space with high-end finishes.
      311 N Abby St, Fresno, CA 93701
      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.
    242 Clark St
    Fresno, CA 93701-2109
    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

    Thank You for Inquiry
    242 Clark St, Fresno, CA, 93701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!