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    Property profile & analytics

    4188 E Dakota Ave Fresno, CA 93726

    • Retail space
    • 6,200 SF
    • 1.01 lot acres
    For Lease
    View listing
    $1.00 SF/Yr
    Last Sale
    Jul 02, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1503991
    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

    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant

    Property Details for 4188 E Dakota Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Property size
    6,200 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    437-090-54
    APU
    43709054

    Description

    This exceptional 4,000-square-foot retail space, located at 4188 E Dakota Ave, Fresno, CA 93726 (cross streets Cedar & Dakota), presents a fantastic opportunity for a discerning business. Built in 1996, the property offers a single-tenant occupancy in a highly visible location. The space is currently vacant and ready for immediate occupancy. Previously used as a title loan store, the layout features a large, open floor plan, providing significant flexibility for a variety of retail uses. The spacious interior is adaptable to suit diverse showroom needs, allowing for creative design and efficient product display. Its convenient location in Fresno, California, ensures high foot traffic and excellent accessibility for customers. This property is perfect for businesses seeking a well-established space with ample room for growth and a strong presence in a thriving community. The address is easily accessible from major thoroughfares, offering convenient access for both employees and customers. This single-tenant space provides the ideal environment for a business seeking a dedicated and expansive retail presence. Don't miss this chance to secure a prime retail location in a desirable Fresno neighborhood. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $433,000
      Market price range: $162k - $434k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $655,000
      Current use
      OFFICE BUILDING
      $985,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $955,000
      Change: +47% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $870,000
      Change: +34% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $870,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.755
    Latitude
    36.7865
    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
    $12,311
    $377,400
    $581,400
    $958,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,340,000
      26,454 SF

      4942 Ashlan Ave

      RETAIL STORES (PERSONAL SERVICES) • 26,454 SF
      4942 Ashlan Ave, Fresno, CA 93726-4721
      View Details
    • Value Estimation
      $1,375,000
      43,656 SF

      4935 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 43,656 SF
      4935 Blackstone Ave, Fresno, CA 93726-0109
      View Details
    • Value Estimation
      $1,630,000
      16,600 SF

      4593 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 16,600 SF
      4593 Cedar Ave, Fresno, CA 93726-2540
      View Details
    • Value Estimation
      $1,055,000
      13,820 SF

      3420 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,820 SF
      3420 Cedar Ave, Fresno, CA 93726
      View Details
    • Value Estimation by Request
      3,200 SF

      4616 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      4616 Blackstone Ave, Fresno, CA 93726-0102
      View Details
    • Value Estimation
      $765,000
      4,819 SF

      4629 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,819 SF
      4629 Blackstone Ave, Fresno, CA 93726-0103
      View Details

    Similar Nearby for Sale

    • $2,140,993
      12,096 SF

      Retail Investment Opportunity

      Retail investment opportunity in a free-standing building.
      4021 E Ashlan Ave, Fresno, CA 93726
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    • $1,950,000
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      Blackstone Ave Retail Center

      Fresno retail building, high traffic
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      4,634 SF

      Restaurant with Banquet Room

      Restaurant with two kitchens, coolers, freezer, and banquet room.
      3851 N Blackstone Ave, Fresno, CA 93726
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      3,986 SF

      Restaurant/Retail Opportunity on Blackstone Avenue

      Spacious property on a large lot with high visibility.
      4280 N Blackstone Ave, Fresno, CA 93726
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    • $1,950,000
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      Retail Property on Blackstone Avenue

      Retail property available for sale on N Blackstone Ave.
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    • $525,000
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      Fresno Office Space - $525K

      2,407 sq ft, move-in ready office
      4685 Cedar Ave, Fresno, CA 93726
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      34,250 SF

      Large Retail Space on Shaw

      34,250 SF retail space with high visibility available for lease.
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      Retail Space in Shopping Center

      Retail and restaurant spaces available in Manchester North Shopping Center.
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      2,282 SF

      Retail Space in Fresno Center

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      3730-3780 N Blackstone Ave, Fresno, CA 93726
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    • Contact for pricing
      900 SF

      Retail Space in Fresno Center

      Neighborhood retail center with established tenants and ample parking.
      2602-2626 E Ashlan Ave, Fresno, CA 93726
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    • Contact for pricing
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      Retail Space in Fresno Center

      Neighborhood retail center with established tenants and ample parking.
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      View Details
    • $1.00 SF/Yr
      1,640 SF

      Retail and Office Center Space

      Multi-tenant retail and office center near Target.
      3257-3281 E Shields Ave, Fresno, CA 93726
      View Details
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    Fresno, CA 93726
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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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