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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4260 Mckinley Ave Fresno, CA 93722

    • Commercial real estate
    • 18.93 lot acres
    For Sale
    View listing
    $1,893,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2692672
    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

    • Commercial real estate

    Property Details for 4260 Mckinley Ave

    Lot size
    18.93 lot acres
    Property type
    Commercial real estate
    APN
    312-082-16

    Description

    This exceptional 18.93-acre (approximately 824,590 square feet) residential land parcel presents a remarkable development opportunity in Fresno, California. Located off McKinley and Blythe Avenues, this property boasts a prime location with convenient access to major thoroughfares, regional retail centers, and established amenities. The site is fully prepared for immediate development, with all utilities—power, city water, and city sewer—already stubbed to the location. Its zoning designation, Residential - Medium Density, allows for a variety of residential construction projects. The property's excellent access, ample road capacity, and conformity to existing policies ensure a smooth and efficient development process. The seller is also offering an adjacent 12.34-acre parcel for sale. This property's strategic location near existing newer housing developments, major corridors serving the college, airport, downtown, and schools, further enhances its investment potential. Seller financing may be available. The APN is 312-082-16. The asking price is $1,893,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.867901
    Latitude
    36.766437

    Comparable in this City

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      Fresno Development Land

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      3308 Cornelia Ave, Fresno, CA 93722
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      36.75 Acres

      Ashlan/Parkway Prime Development Land

      36.75 Acres, Fresno, CA - Mixed-Use Potential
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      10.00 Acres

      Fresno 10-Acre Multifamily Land

      152-unit development ready, prime location.
      3257 Shields Ave, Fresno, CA 93722
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    • $35,000

      Manufactured Home in All Ages Park

      Two-bedroom, two-bath manufactured home in Fresno's Four Seasons park.
      3138 W Dakota Ave, Fresno, CA 93722
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    • $1,893,000

      Residential Land for Development

      Vacant land suitable for residential development with utilities nearby.
      4260 W Mckinley Ave, Fresno, CA 93722
      View Details
    • $450,000
      5.00 Acres

      5-Acre Fresno Land Parcel

      5-acre parcel with agricultural potential in a convenient location.
      3129 N Milburn Ave, Fresno, CA 93722
      View Details

    Similar Nearby for Sale

    • $3,400,000
      19.65 Acres

      Fresno Development Land

      19.65 Acres, Multifamily Potential
      3308 Cornelia Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      36.75 Acres

      Ashlan/Parkway Prime Development Land

      36.75 Acres, Fresno, CA - Mixed-Use Potential
      0 Parkway Dr, Fresno, CA 93722
      View Details
    • Contact for pricing
      10.00 Acres

      Fresno 10-Acre Multifamily Land

      152-unit development ready, prime location.
      3257 Shields Ave, Fresno, CA 93722
      View Details
    • $35,000

      Manufactured Home in All Ages Park

      Two-bedroom, two-bath manufactured home in Fresno's Four Seasons park.
      3138 W Dakota Ave, Fresno, CA 93722
      View Details
    • $1,893,000

      Residential Land for Development

      Vacant land suitable for residential development with utilities nearby.
      4260 W Mckinley Ave, Fresno, CA 93722
      View Details
    • $450,000
      5.00 Acres

      5-Acre Fresno Land Parcel

      5-acre parcel with agricultural potential in a convenient location.
      3129 N Milburn Ave, Fresno, CA 93722
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      87,120 SF

      Fresno Medical Office Pad Site

      High-traffic location, build-to-suit opportunity.
      35 Hayes Ave, Fresno, CA 93722
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      Highway 99 Frontage Land

      Land with Highway 99 frontage, build-to-suit options available.
      4825 N Cornelia Ave, Fresno, CA 93722
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      Fresno Land for Lease

      Land available for lease in high-growth commercial area.
      5965 N Golden State Blvd, Fresno, CA 93722
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      5,320 SF

      Fresno Office Space for Lease

      Modern Office Suites, Northwest Fresno
      7039 Blythe Ave, Fresno, CA 93722
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    • Contact for pricing
      22,900 SF

      Herndon & Hayes Retail Spaces

      Fresno Retail Center: 3 Spaces Available
      0 Sec Herndon & Hayes Ave, Fresno, CA 93722
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    • Contact for pricing
      18,863 SF

      El Paseo Marketplace Retail Spaces

      Fresno County retail spaces available now.
      99 Seq Herndon & Fwy, Fresno, CA 93722
      View Details
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    Fresno, CA 93722
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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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