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

    466 Academy Ave Sanger, CA 93657-2409

    • Grocery and convenience stores
    • 6,578 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Jan 24, 2020
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2388186
    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

    • Grocery and convenience stores

    Property Details for 466 Academy Ave

    Year built
    2005
    Construction
    WOOD
    Lot size
    0.58 lot acres
    Property size
    6,578 SF
    Zone code
    ML
    Property type
    Grocery and convenience stores
    APN
    320-061-10S
    APU
    32006110S

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,244,000
      Market price range: $745k - $2.92M
      AI Estimate
      $603,000
      Market price range: $580k - $1.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $885,000
      AUTO REPAIR, GARAGE
      $855,000
      OFFICE BUILDING
      $825,000
      RESTAURANT
      $805,000
      MEDICAL BUILDING
      $655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanger
    County
    Fresno
    State
    California
    Longitude
    -119.556
    Latitude
    36.7097
    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
    $15,349
    $91,867
    $1,158,982
    $1,250,849
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,520 SF

      25425 Trimmer Spgs Rd

      CONVENIENCE STORE • 3,520 SF
      25425 Trimmer Spgs Rd, Sanger, CA 93657-9119
      View Details
    • Value Estimation by Request
      2,391 SF

      2880 Jensen Ave

      Restaurants • 2,391 SF
      2880 Jensen Ave, Sanger, CA 93657
      View Details
    • Value Estimation by Request
      2,296 SF

      1785 Sanger Ave

      CONVENIENCE STORE • 2,296 SF
      1785 Sanger Ave, Sanger, CA 93657-3728
      View Details
    • Value Estimation
      $755,000
      3,848 SF

      850 Academy Ave

      CONVENIENCE STORE • 3,848 SF
      850 Academy Ave, Sanger, CA 93657-3110
      View Details
    • Value Estimation
      $805,000
      7,104 SF

      3537 Academy Ave

      CONVENIENCE STORE • 7,104 SF
      3537 Academy Ave, Sanger, CA 93657-9566
      View Details
    • Value Estimation
      $1,415,000
      44,485 SF

      237 Academy Ave

      GROCERY, SUPERMARKET • 44,485 SF
      237 Academy Ave, Sanger, CA 93657-2128
      View Details

    Similar Nearby for Sale

    • $700,000
      15,000 SF

      Versatile Retail/Warehouse Space For Sale

      15,000 SF retail/warehouse with high-traffic frontage and flexible layout.
      929 Academy Ave, Sanger, CA 93657
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    • $349,000
      1,992 SF

      Retail Property in Sanger, CA

      Retail property for sale in Sanger, California.
      1950 N Academy Ave, Sanger, CA 93657
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    • $6,377,693
      13,779 SF

      Walgreens Leased Property For Sale

      Thriving Walgreens property in Sanger, CA with long-term absolute NNN lease.
      2589 Jensen Ave, Sanger, CA 93657
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    • $109,900
      Pending

      Cleared Land Ready for Construction

      Cleared land in Sanger, CA, ready for new construction.
      531 K St, Sanger, CA 93657
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    • $85,000
      3.61 Acres

      Sanger Land Opportunity

      3.61 acre lot in Wonder Valley, ready for your dream home.
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      40.71 Acres

      Sanger Industrial Land - ±40 Acres

      ±40 acres of rail-served industrial land, divisible.
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    Similar Nearby for Lease

    • $1.45 SF/Yr
      1,400 SF

      Retail Space in Sanger, CA

      Retail space available for lease in Sanger, California.
      1501 Academy Ave, Sanger, CA 93657
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Sanger, CA

      2400 SF retail space available for lease.
      775 Bethel Ave, Sanger, CA 93657
      View Details
    • $1.15 SF/Yr
      1,405 SF

      Downtown Sanger Retail Space Available

      Prime retail spaces in downtown Sanger with high consumer traffic.
      1336 7Th St, Sanger, CA 93657
      View Details
    • $1.15 SF/Yr
      1,635 SF

      Prime Retail Space in Sanger

      High-exposure retail spaces available in downtown Sanger corridor.
      1332 7Th St, Sanger, CA 93657
      View Details
    • Contact for pricing
      2,464 SF

      Retail Endcap Space Available

      Endcap retail space on Sanger's primary retail corridor.
      333 Academy Ave, Sanger, CA 93657
      View Details
    • Contact for pricing
      18,900 SF

      Former Retail Space Available

      Former retail space of 18,900± SF available for rent.
      2680 Jensen Ave, Sanger, CA 93657
      View Details
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    466 Academy Ave
    Sanger, CA 93657-2409
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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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