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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2950 California Ave Fresno, CA 93721-3304

    • Manufacturing properties
    • 173,949 SF
    • 11.53 lot acres
    OFF-MARKET
    Last Sale
    Jun 06, 2022
    $16,800,000
    Value Estimations
    $17,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3358295
    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

    • S.J. Distributors LLC (Fresno) / Food And Beverage Consultant
    • Swift Cold Storage / Storage Facility
    • Final Mile Cold Storage / Transportation Service

    Property Details for 2950 California Ave

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    11.53 lot acres
    Property size
    173,949 SF
    Zone code
    IH
    Property type
    Manufacturing properties
    APN
    480-040-11
    APU
    48004011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,454,000
      Market price range: $5.06M - $24.7M

    • Alternative Use

      Use
      Estimation
      FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY)
      $12,670,000
      Current use
      AUTO REPAIR, GARAGE
      $26,820,000
      Change: +112% Conversion: Difficult
      OFFICE BUILDING
      $24,875,000
      Change: +96% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $24,460,000
      Change: +93% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $22,285,000
      Change: +76% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.775
    Latitude
    36.7206
    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
    2024
    $160,856
    $1,560,600
    $10,924,200
    $12,484,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,565,000
      38,845 SF

      1755 Broadway St

      FACTORY (MANUFACTURING) • 38,845 SF
      1755 Broadway St, Fresno, CA 93721-1670
      View Details
    • Value Estimation
      $8,375,000
      47,750 SF

      1954 Anna St

      FOOD PACKING, PACKING PLANT • 47,750 SF
      1954 Anna St, Fresno, CA 93721
      View Details
    • Value Estimation
      $745,000
      26,120 SF

      120 O St

      FOOD PACKING, PACKING PLANT • 26,120 SF
      120 O St, Fresno, CA 93721-3023
      View Details
    • Value Estimation
      $5,390,000
      314,915 SF

      1888 Ave

      FOOD PACKING, PACKING PLANT • 314,915 SF
      1888 Ave, Fresno, CA 93721-3231
      View Details
    • Value Estimation
      $695,000
      30,084 SF

      944 Topeka Ave

      FOOD PACKING, PACKING PLANT • 30,084 SF
      944 Topeka Ave, Fresno, CA 93721-2408
      View Details
    • Value Estimation
      $1,650,000
      87,184 SF

      2003 Cherry Ave

      FOOD PACKING, PACKING PLANT • 87,184 SF
      2003 Cherry Ave, Fresno, CA 93721-3300
      View Details

    Similar Nearby for Sale

    • $1,500,000
      30,084 SF

      Fresno Industrial Building For Sale

      ±30,000 SF Manufacturing/Warehouse
      944 Topeka Ave, Fresno, CA 93721
      View Details
    • $900,000
      7,500 SF

      Warehouse with Fenced Yard

      7,500 SF warehouse featuring skylights, cooler, and fenced yard.
      2050 H St, Fresno, CA 93721
      View Details
    • $1,895,000
      15,500 SF

      Freestanding Warehouse with Fenced Yard

      Fully leased investment property with long-term tenancy and high traffic.
      2304 Monterey St, Fresno, CA 93721
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    • $895,000
      30,084 SF

      Fresno Commercial Property for Sale

      Industrial warehouse property available in Fresno, California.
      944 S Topeka Ave, Fresno, CA 93721
      View Details
    • $1,880,000
      17,928 SF

      Downtown Fresno Warehouse with Yard

      Well-maintained warehouse with fenced yard and undeveloped parcel.
      1900 S Van Ness Ave, Fresno, CA 93721
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    • $795,000

      Arts District Landmark Opportunity

      Transformative property in Fresno's Arts District with flexible zoning.
      1440 Fulton St, Fresno, CA 93721
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    Similar Nearby for Lease

    • $0.50 SF/Yr
      10,000 SF

      Downtown Fresno Warehouse Space Available

      Office/warehouse building in downtown Fresno, perfect for warehousing and manufacturing.
      1600-1650 H St, Fresno, CA 93721
      View Details
    • $8 SF/Yr
      25,140 SF

      Fresno Warehouse: 25,140 SF

      Industrial warehouse, ideal for multiple tenants. 20-25' ceilings, ample yard space.
      2045 Van Ness Ave, Fresno, CA 93721
      View Details
    • $3,750 /Mo
      7,900 SF

      Downtown Fresno Office/Warehouse Space

      7,900 SF office/warehouse with 19' clearance and rollup doors.
      635 Broadway St, Fresno, CA 93721
      View Details
    • $0.55 SF/Yr
      3,000 SF

      Industrial Warehouse with Renovated Office

      3,000 SF warehouse with renovated office space for lease.
      2730 E Woodward Ave, Fresno, CA 93721
      View Details
    • $7 SF/Yr
      11,840 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for lease in Fresno, California.
      1530 S Pearl St, Fresno, CA 93721
      View Details
    • $0.85 SF/Yr
      19,606 SF

      Industrial Space with Flexible Zoning

      Available industrial space with immediate occupancy and flexible zoning.
      1820 Monterey St, Fresno, CA 93721
      View Details
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    2950 California Ave
    Fresno, CA 93721-3304
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    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
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