Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2542 Elm Ave Fresno, CA 93706

    • Commercial real estate
    • 10.18 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3105703
    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

    • Commercial real estate

    Property Details for 2542 Elm Ave

    Lot size
    10.18 lot acres
    Property type
    Commercial real estate
    APN
    479-020-36, -52

    Description

    This exceptional 10.18-acre parcel in Fresno, CA (APN 479-020-36, -52), zoned RS-5 Med Density Residential, presents a remarkable opportunity for multifamily development. A tentative map and complete building plans are in place for a 96-unit project, comprising 24 two-story buildings. The development features 48 three-bedroom units and 48 four-bedroom units, providing ample living space. The project design includes 188 parking spaces (1.5 spaces per unit), 146,892 square feet of open space (49,329 square feet of which is active), and 20-foot setbacks, enhanced by plans for a quality rod iron fence. The total building size is approximately 131,376 square feet. This turnkey asset benefits from its location in a high-rental-demand area, close to schools and numerous commercial amenities, including recently developed apartment complexes. Convenient access to Highways 99 and 41, along with its placement within an Opportunity Zone, further enhances its appeal. The property is shovel-ready, with utilities already on-site. This represents a significant investment opportunity in a thriving Fresno submarket. The asking price is $995,000. The address is 2542 S Elm Ave, Fresno, CA 93706.

    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
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.791506
    Latitude
    36.709303

    Comparable in this City

    • $1,000,000
      9.53 Acres

      Fresno Residential Land - $1M

      9.53-acre lot, prime development opportunity.
      1608 California Ave, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1120 San Joaquin St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Fresno Triplex Investment Opportunity

      Income-producing triplex in Fresno, fully rented with long-term tenants.
      1622 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1624 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Fresno Triplex Investment Opportunity

      Income-producing triplex in Fresno, fully rented with long-term tenants.
      1614 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1620 B St, Fresno, CA 93706
      View Details

    Similar Nearby for Sale

    • $1,000,000
      9.53 Acres

      Fresno Residential Land - $1M

      9.53-acre lot, prime development opportunity.
      1608 California Ave, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1120 San Joaquin St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Fresno Triplex Investment Opportunity

      Income-producing triplex in Fresno, fully rented with long-term tenants.
      1622 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1624 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Fresno Triplex Investment Opportunity

      Income-producing triplex in Fresno, fully rented with long-term tenants.
      1614 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1620 B St, Fresno, CA 93706
      View Details

    Similar Nearby for Lease

    • $18,000 /Mo

      Downtown Fresno Commercial Land

      Commercial land for rent in Downtown Fresno, California.
      240 N Thorne Ave, Fresno, CA 93706
      View Details
    • Contact for pricing
      80,750 SF

      Fresno Warehouse/Office Space

      80,750 SF Flexible Space Available
      1931 G St, Fresno, CA 93706
      View Details
    • $1,938,640
      10,044 SF

      Fresno Warehouse with Office Space

      10,044 SF warehouse with 1,000 SF office in Fresno.
      820 W Lyman Ave, Fresno, CA 93706
      View Details
    • Contact for pricing
      1,033 SF

      Versatile Commercial Space Available

      Office and retail space for rent near shopping and restaurants.
      7031 N Blythe Ave, Fresno, CA 93706
      View Details
    • $2.00 SF/Yr
      Pending

      Fresno Warehouse Space Available

      Industrial warehouse space for lease in Fresno, California.
      2428 S West Ave, Fresno, CA 93706
      View Details
    • $0.78 SF/Yr
      24,090 SF

      Industrial Warehouse with Fenced Yard

      24,090 SF warehouse featuring a large, paved, fenced yard.
      96 S West Ave, Fresno, CA 93706
      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.
    2542 Elm Ave
    Fresno, CA 93706
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.