255 El Paso Ave Fresno, CA 93711-5821
Property Lookup
Property profile & analytics
255 El Paso Ave Fresno, CA 93711-5821
- Retail space
- 92,446 SF
- 3.66 lot acres
Property ID
US09-1665455
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.
Location Intelligence
Current Use by Public Records
- Fashion Furniture / Furniture & Home Goods / Home Decor Store
- Fresno Fashion Furniture / Department Store
- The Sleep Retreat by Fashion / Furniture & Home Goods
Property Details for 255 El Paso Ave
- Year built
- 2001
- Construction
- TILT-UP CONCRETE
- Lot size
- 3.66 lot acres
- Property size
- 92,446 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 303-670-14S
- APU
- 30367014S
Description
This exceptional investment opportunity presents a freestanding, 89,080-square-foot Fashion Furniture store in Fresno, California. Located at 255 W El Paso Ave, 93711, this property sits on a 3.66-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $1,278,298. The property is subject to a 15-year absolute NNN lease with 14 years remaining, featuring a tenant, Fashion Furniture, with a proven 60-year operating history and a personal and corporate guaranty. Rent increases annually at 2.5%, ensuring consistent income growth. The lease includes one 5-year renewal option. This prime retail location benefits from its adjacency to Sprouts and Ross, and its proximity across the street from Lowe's and Sam's Club. The area is characterized by a high concentration of Class A retail space (over 2M+ SF) and strong demographics, with average household incomes within a 3-mile radius exceeding $116,476. Numerous nearby shopping centers anchored by national retailers like Costco, Target, Kohl's, Best Buy, Dick's Sporting Goods, Trader Joe's, and In-N-Out contribute to significant daily foot traffic. The asking price is $15,979,000, representing a price per square foot below replacement cost at $179.38. This is a rare opportunity to acquire a high-performing, net-leased retail asset in a thriving retail corridor.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,386,000
Market price range: $2.39M - $4.24M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.795
- Latitude
- 36.8452
- 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
$95,899
$1,978,876
$5,908,644
$7,887,520
-
$0.00
$0.00
$0.00
