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    Property profile & analytics

    3135 Central Ave Fresno, CA 93725-2505

    • Retail space
    • 7,000 SF
    • 0.89 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2833954
    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

    • Daana Paani indian cuisine / Restaurant

    Property Details for 3135 Central Ave

    Year built
    2002
    Construction
    WOOD
    Lot size
    0.89 lot acres
    Property size
    7,000 SF
    Zone code
    M3
    Property type
    Retail space
    APN
    331-190-32
    APU
    33119032

    Description

    This thriving Indian restaurant, located at 3135 E Central Avenue in Fresno, California, presents a unique business opportunity. Spanning 7,000 square feet on a 0.89-acre lot, this well-established eatery boasts a strong history of profitability and a loyal customer base. Its prime location ensures a steady stream of customers, attracting not only truck drivers but also local residents seeking dine-in or takeout options. Known for its exceptional cuisine and catering services, the restaurant has built a reputation for being among the best in town. The high sales volume and consistent customer traffic make this a highly attractive investment. The business is offered at $185,000. This turnkey operation provides an immediate opportunity to step into a successful and profitable venture within a vibrant community. The substantial square footage and ample land provide significant potential for expansion or further development. This is a rare chance to acquire a well-regarded restaurant with a proven track record of success in a desirable Fresno location. The existing infrastructure and loyal clientele provide a solid foundation for continued growth and profitability. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,365,000
      6.5%
      $1,260,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $961,000
      Market price range: $367k - $1.16M
      AI Estimate
      $651,000
      Market price range: $217k - $721k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $735,000
      Current use
      MEDICAL BUILDING
      $1,405,000
      Change: +91% Conversion: Difficult
      OFFICE BUILDING
      $1,115,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,080,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $895,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.735
    Latitude
    36.6776
    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
    $7,935
    $160,000
    $540,000
    $700,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,860,000
      13,006 SF

      2621 Chestnut Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,006 SF
      2621 Chestnut Ave, Fresno, CA 93725-2113
      View Details
    • Value Estimation by Request
      438 SF

      4109 Jensen Ave

      RETAIL STORES (PERSONAL SERVICES) • 438 SF
      4109 Jensen Ave, Fresno, CA 93725-1405
      View Details
    • Value Estimation by Request
      2,494 SF

      3709 Calvin Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,494 SF
      3709 Calvin Ave, Fresno, CA 93725-2503
      View Details
    • Value Estimation
      $510,000
      5,047 SF

      2584 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,047 SF
      2584 Cedar Ave, Fresno, CA 93725-1455
      View Details
    • Value Estimation by Request
      4,400 SF

      2590 Maple Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,400 SF
      2590 Maple Ave, Fresno, CA 93725-1674
      View Details
    • Value Estimation by Request
      2,384 SF

      4131 Jensen Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,384 SF
      4131 Jensen Ave, Fresno, CA 93725-1405
      View Details

    Similar Nearby for Sale

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      9.46 Acres

      Hallandale Beach Retail Space

      Prime Ocean Drive Retail Opportunity
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      Vacant Land For Sale

      10 acres of vacant land, previously a truck terminal.
      4737 E Florence Ave, Fresno, CA 93725
      View Details
    • $1,742,400
      10.00 Acres

      Florence Ave Residential Land

      10 Acres, Fresno, CA - Development Ready
      4737 Florence Ave, Fresno, CA 93725
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    Similar Nearby for Lease

    • Contact for pricing
      1,189 SF

      Retail Space in Shepherd Ranch

      Retail space for lease in Fresno's desirable Woodward Park.
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      2,063 SF

      Retail Space with High Traffic

      Retail space with major retailers, high traffic, and ample parking.
      7050-7094 N Cedar Ave, Fresno, CA 93725
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      Retail Space in Fresno Center

      Retail development with national tenants and residential building.
      4652 E Garrett Ave, Fresno, CA 93725
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      14,500 SF

      Retail Space with Highway Access

      Retail space with high visibility and easy highway access.
      3231 N Cedar Ave, Fresno, CA 93725
      View Details
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      1,265 SF

      Retail Space on Chestnut Avenue

      Retail space available in high-traffic Fresno location near CA-99.
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    • Contact for pricing
      9,000 SF

      Retail Space in Fresno Center

      Retail space available in a high-traffic Fresno shopping center.
      4664 E Garrett Ave, Fresno, CA 93725
      View Details
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    Fresno, CA 93725-2505
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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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