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

    4303 E Ashlan Ave Fresno, CA 93722

    • Office buildings
    • 14,454 SF
    • 0.88 lot acres
    For Lease
    View listing
    $1.25 SF/Yr
    Last Sale
    May 17, 2022
    $1,200,000
    Value Estimations
    $1,640,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0581049
    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

    • Office buildings

    Property Details for 4303 E Ashlan Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.88 lot acres
    Property size
    14,454 SF
    Zone code
    O
    Property type
    Office buildings
    APN
    430-201-48
    APU
    43020148

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,470,000
      ML approach
      $1,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,147,000
      Market price range: $1.29M - $3.31M
      AI Estimate
      $1,146,000
      Market price range: $913k - $1.66M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,295,000
      Current use
      AUTO REPAIR, GARAGE
      $2,230,000
      Change: -3% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,035,000
      Change: -12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,025,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.754
    Latitude
    36.7946
    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
    $15,672
    $469,200
    $754,800
    $1,224,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $225,000
      1,120 SF

      2310 Gettysburg Ave

      OFFICE BUILDING • 1,120 SF
      2310 Gettysburg Ave, Fresno, CA 93726-0320
      View Details
    • Value Estimation
      $480,000
      13,400 SF

      4420 1st St, Unit 101

      OFFICE BUILDING • 13,400 SF
      4420 1st St, Fresno, CA 93726-2331
      View Details
    • Value Estimation
      $340,000
      1,935 SF

      2210 Gettysburg Ave

      OFFICE BUILDING • 1,935 SF
      2210 Gettysburg Ave, Fresno, CA 93726-0318
      View Details
    • Value Estimation
      $565,000
      6,415 SF

      4205 Rialto Ave

      OFFICE BUILDING • 6,415 SF
      4205 Rialto Ave, Fresno, CA 93726
      View Details
    • Value Estimation
      $420,000
      7,762 SF

      3381 Shields Ave

      OFFICE BUILDING • 7,762 SF
      3381 Shields Ave, Fresno, CA 93726
      View Details
    • Value Estimation
      $145,000
      1,678 SF

      3738 Shields Ave

      OFFICE BUILDING • 1,678 SF
      3738 Shields Ave, Fresno, CA 93726-7028
      View Details

    Similar Nearby for Sale

    • $3,500,000
      48,688 SF

      Fresno Office Building For Sale

      Office building in high-traffic area with easy highway access.
      3710-3798 N 1St St, Fresno, CA 93726
      View Details
    • $525,000
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      Fresno Office Space - $525K

      2,407 sq ft, move-in ready office
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      1,088 SF

      Well-Maintained Condo with Modern Updates

      Updated condo in gated community, close to amenities and freeways.
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    • $2,500,000

      Office Zoned Lots at Granite Park

      Office zoned lots available for sale near Granite Park.
      4084 N Cedar Ave, Fresno, CA 93726
      View Details
    • $2,500,000

      Office Zoned Lots Near Freeways

      Office zoned lots available near Granite Park Sports Complex.
      4078 N Cedar Ave, Fresno, CA 93726
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    • $1,950,000
      8,680 SF

      Fresno Assisted Living Facility

      Prime Assisted Living, 22 Beds, Fully Renovated
      3676 Dakota Ave, Fresno, CA 93726
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    Similar Nearby for Lease

    • $15 SF/Yr
      45,667 SF

      Fresno Office Space: Ashlan Ave

      Prime Fresno Office, Flex Space Available
      4910 Ashlan Ave, Fresno, CA 93726
      View Details
    • $15 SF/Yr
      9,079 SF

      Executive Suites, Fresno, CA

      Prime Fresno Office Space Available Now
      83 Shaw Ave, Fresno, CA 93726
      View Details
    • Contact for pricing
      2,200 SF

      Fresno Office Space Available

      Office space available for rent in Fresno, California.
      4832 N 1St St, Fresno, CA 93726
      View Details
    • $18 SF/Yr
      8,049 SF

      Fresno Office Space for Lease

      Central Fresno Office Complex - 5 Suites Available
      4005 Fresno St, Fresno, CA 93726
      View Details
    • $9 SF/Yr
      48,688 SF

      Fresno Office Space for Lease

      Versatile office suites, ample parking.
      3718 1St St, Fresno, CA 93726
      View Details
    • $12 SF/Yr
      45,068 SF

      Midtown Plaza: Fresno Retail Center

      Prime Fresno location, multi-tenant retail & office.
      3201-3289 Shields Ave, Fresno, CA 93726
      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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