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For Sale
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3451 S Cherry Ave, Fresno, CA 93706
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Property summary
AI-generated overview
This exceptional 16.23-acre industrial land parcel, located at 3451 S. Cherry Avenue in Fresno, California (zip code 93706), presents a significant development opportunity. The property, identified by APN 329-120-26, is zoned AE-20 and is currently undergoing an application for rezoning to accommodate industrial use with Fresno County. Its strategic location near the intersection of Central Avenue and Highway 41 offers excellent accessibility and visibility. The site is cleared, with cherry trees removed, and features city water access. An existing house will be removed by the seller, and a current well will remain on the property. This expansive lot is perfectly suited for the construction of a large single-tenant industrial building, estimated to accommodate between 280,000 and 320,000 square feet. Alternatively, the property can be subdivided into four or more parcels to facilitate multi-tenant development, allowing for a variety of permitted uses under the applicable zoning code. The asking price for this exceptional property is $3,900,000. Don't miss this chance to acquire a premier industrial land site in a thriving Fresno location.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,666 SF
Lot
16.23 ac (706,978 SF)
Zoning code
AE20
APN
329-120-26
UPID
US09-0100903
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$485k
Owner & transaction history
since 2018
7 recorded transactions
Zoning & alternative use
AE20 · Fresno, CA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$485k
Value range
$437k – $534k
±10% around blend
Estimated value / SF
$291 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$437k
blend $485k
$534k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,666 SF
Lot area
16.23 ac
Year built
1918
Stories
1
APN
329-120-26
Zoning
AE20
Assessed value
$1,093,645
Annual tax
$15,126
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$485k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$253
+15%
Submarket 61 sales
$141
+107%
County 88 sales
$107
+173%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $291/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.09M
Move the market yield to see immediate price impact.
Value / SF
$656
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$69k
$1.38M
$984k
$766k
$77k
$1.53M
$1.09M
$851k
$84k
$1.68M
$1.20M
$936k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,126
Tax year 2024
Assessed value
$1,093,645
Assessed 2024
Previous assessed
$1,093,645
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,093,645
Applied tax rate
152.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,666 SF
Lot
16.23 ac (706,978 SF)
Zoning code
AE20
APN
329-120-26
UPID
US09-0100903
Jurisdiction
FRESNO
Zoning & alternative use
AE20 · Fresno, CAZoning AE20 · permitted uses
AE20 · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
16.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AE20
Jurisdiction
Fresno, CA
Recorded code
AE20
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for AE20 in Fresno, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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