3389 Franklin Ave Fresno, CA 93706
Property profile & analytics
3389 Franklin Ave Fresno, CA 93706
- Warehouses
- 49,471 SF
- 6.79 lot acres
Property ID
US09-2990966
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
- Delta Body Works and Detailing Inc / Car Wash
Property Details for 3389 Franklin Ave
- Year built
- 1976
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.79 lot acres
- Property size
- 49,471 SF
- Zone code
- M1
- Property type
- Warehouses
- APN
- 326-180-38
- APU
- 32618038
Description
This exceptional 50,000-square-foot industrial property in Fresno, CA, presents a compelling investment opportunity. Located on a 9.06-acre lot, this Class B property features three buildings totaling 50,000 net rentable square feet, including a 36,000 sq ft warehouse, a 5,200 sq ft shop, and a 9,000 sq ft office space. The property boasts eight dock-high doors, making it ideal for efficient loading and unloading. Zoned M1, it offers versatility for various uses, including warehousing, distribution, manufacturing, and assembly. Its prime location provides easy access to major transportation routes, capitalizing on Fresno's growing industrial market and the increasing demand for logistics and last-mile distribution centers. The asking price is $6,990,000, representing a price per square foot of $139.80 and a 5.01% cap rate with a Net Operating Income (NOI) of $350,000. High-voltage electricity is available on-site for electric truck charging. This property is well-suited for owner-occupied use with an SBA 504 loan. The property's APN is 326-180-37, 326-180-38. The lease type is gross, and tenancy is single.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,410,000
- ML approach
- $6,220,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,355,000
- 6.5%
- $6,790,000
- 7%
- $6,305,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,475,000
Market price range: $2.56M - $6.48M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,640,000 Current use
- MEDICAL BUILDING
- $9,945,000 Change: +114% Conversion: Difficult
- OFFICE BUILDING
- $7,865,000 Change: +69% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $7,055,000 Change: +52% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $6,340,000 Change: +37% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.853
- Latitude
- 36.7473
- 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
$52,017
$1,428,000
$2,652,000
$4,080,000
-
$0.00
$0.00
$0.00
