Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2840 Tulare St Fresno, CA 93721-1319
    Back to Search
    Property profile & analytics

    2840 Tulare St, Fresno, CA 93721-1319

    View on Map
    • Turn key restaurants
    • 8,942 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Mar 15, 2024
    $3,750,000
    Property ID
    US09-1402793
    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
    $3,750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Starbucks / Cafe & Coffee Shop
    • Fresno Roof Repair / Roofing Company / General Contractor

    Property Details for 2840 Tulare St

    Year built
    1983
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Zone code
    DTN
    Property type
    Turn key restaurants
    APN
    468-071-31
    APU
    46807131

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 15, 2024 $3,750,000 J & M Thomas Ranch INC Mb Developers LLC Grant Deed —
    Jan 6, 2023 $1,000,000 Mb Developers LLC Skn Properties Grant Deed —
    Dec 27, 2019 $442,500 Skn Properties Khusi Hona INC Grant Deed —
    Dec 27, 2019 $300,000 Khusi Hona INC H Anthony Grant Deed —
    — — H Anthony Jew — Deed Of Trust · related $875k · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,750,000
      ML approach
      $3,750,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.781
    Latitude
    36.7399
    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
    $3,085
    $231,258
    $0.00
    $231,258
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      462 SF

      2331 G St

      RESTAURANT
      2331 G St, Fresno, CA 93721-3413
      View Details
    • Value Estimation
      $625,000
      4,814 SF

      1100 U St

      RESTAURANT
      1100 U St, Fresno, CA 93721-1437
      View Details
    • Value Estimation by Request
      4,316 SF

      2395 G St

      RESTAURANT
      2395 G St, Fresno, CA 93721-3426
      View Details
    • Value Estimation by Request
      5,813 SF

      625 O St

      RESTAURANT
      625 O St, Fresno, CA 93721-2722
      View Details
    • Value Estimation by Request
      5,778 SF

      575 Divisadero St

      RESTAURANT
      575 Divisadero St, Fresno, CA 93721-1006
      View Details
    • Value Estimation by Request
      4,290 SF

      1663 Fulton St

      RESTAURANT
      1663 Fulton St, Fresno, CA 93721-1627
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,750 SF

      Iconic Ballroom and Concert Venue

      Successful ballroom/concert venue with real estate and valuable amenities.
      1725 Broadway St, Fresno, CA 93721
      View Details
    • Contact for pricing
      15,000 SF

      Grocery Store For Sale

      15,000 SF grocery store available for purchase.
      2820 Tulare St, Fresno, CA 93721
      View Details
    • $395,000
      2,000 SF

      Fresno Retail Space w/ Apartment

      Prime Retail & Studio, High Visibility
      2428 San Benito St, Fresno, CA 93721
      View Details
    • $1,250,000
      38,500 SF

      Downtown Fresno Retail Gem

      Historic building, prime location, high foot traffic.
      1045 Fulton St, Fresno, CA 93721
      View Details
    • Contact for pricing

      Downtown Fresno Warehouse With Parking

      Downtown Fresno warehouse building with parking lot and storage for sale.
      1801 Broadway St, Fresno, CA 93721
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Turn-Key Restaurant Space Available

      3,500 SF restaurant space in downtown Fresno, CA for lease.
      1703 Fulton St, Fresno, CA 93721
      View Details
    • Contact for pricing

      Downtown Fresno Retail Spaces Available

      Prime retail spaces in thriving downtown Fresno environment.
      2405 Capitol St, Fresno, CA 93721
      View Details
    • Contact for pricing
      1,047 SF

      Downtown Retail Space For Rent

      Retail space in prime downtown location near entertainment venues.
      2349 Kern St, Fresno, CA 93721
      View Details
    • Contact for pricing
      1,500 SF

      Downtown Retail Space Available

      Prime location with high foot traffic in Fulton Corridor.
      2013-2021 Mariposa St, Fresno, CA 93721
      View Details
    • Contact for pricing
      770 SF

      Retail Space in Downtown Fresno

      Retail space adjacent to Fresno Convention Center and Selland Arena.
      2405 Capitol St, Fresno, CA 93721
      View Details
    • Contact for pricing
      1,620 SF

      Downtown Fresno Retail with Terrace

      Retail space in a historic landmark hotel with high visibility.
      1241 Broadway St, Fresno, CA 93721
      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.
    2840 Tulare St
    Fresno, CA 93721-1319
    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
    2840 Tulare St, Fresno, CA, 93721
    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!