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4224 Shields Ave Fresno, CA 93726-7120

OFF-MARKET Retail space Google Maps
17,226 SF 1.48 ac lot Built 2007
Entity Owned ~ Est. High Equity
Estimated value (blended)
$5.41M
Range $4.87M – $5.95M (±10%)
Property ID US09-3819442

Property summary

AI-generated overview

This exceptional retail opportunity presents a 17,226 square-foot former Rite Aid pharmacy located at 4224 E. Shields Avenue in Fresno, California, 93726. The property boasts a single-tenant configuration, ideal for a variety of retail uses. Its strategic location at the intersection of Cedar and Shields Avenues offers unparalleled visibility and accessibility, with a combined daily traffic count exceeding 76,990 vehicles. Furthermore, its proximity to Freeway 168, less than a quarter-mile away, provides convenient access to a substantial daily traffic volume of approximately 93,513 vehicles via on and off ramps located directly on Shields Avenue. This high-traffic location ensures significant exposure to potential customers. The property is situated in Fresno County and offers a substantial footprint for a business seeking a prominent presence in a busy commercial area. The building's previous use as a pharmacy suggests existing infrastructure suitable for retail operations. This prime retail space presents a unique opportunity for businesses seeking high visibility and convenient access in a densely populated area of Fresno. The property is ready for immediate occupancy and offers significant potential for growth and success.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction WOOD
Total area 17,226 SF
Lot 1.48 ac (64,468 SF)
Zoning code CC
APN 447-031-72
UPID US09-3819442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crypto Atm Atm
  • Restaurant Take-out & Catering
  • Pharmacy
  • Pharmacy
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.85M
Blend (final) Blend
$5.41M

Owner & transaction history

since 2025
Last sale
$6.0M
6 recorded transactions
2025
$3.1M
2020
$6.0M
2017
Price N/A
2012
Price N/A
2006
$2.9M
1969
Price N/A

Zoning & alternative use

CC · Fresno, CA
Zoning description

CC: Medium-scale development that serves local needs such as convenience shopping & offices CR: Large, urban-scale retail, office, civic/entertainment uses to meet local and regional demands CG: A range of retail/service…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $6.0M +230.0%
Restaurant $4.1M +123.4%
Medical building $3.5M +91.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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