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

    4790 Cornelia Ave Fresno, CA 93722-3825

    • Office buildings
    • 2,545 SF
    • 15.28 lot acres
    OFF-MARKET
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    8%
    Office buildings
    Location Intelligence
    Property ID
    US09-0598073
    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

    • Standard Trailer Leasing / Trailer Rental Service / Agricultural Service

    Property Details for 4790 Cornelia Ave

    Year built
    1960
    Construction
    WOOD
    Lot size
    15.28 lot acres
    Property size
    2,545 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    510-060-38
    APU
    51006038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $480,000
      6.5%
      $445,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $582,000
      Market price range: $228k - $582k
      AI Estimate
      $430,000
      Market price range: $118k - $430k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $405,000
      Current use
      MEDICAL BUILDING
      $510,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $390,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.877
    Latitude
    36.8032
    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
    $11,940
    $596,366
    $70,987
    $667,353
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $410,000
      2,136 SF

      4375 Golden State Blvd

      OFFICE BUILDING • 2,136 SF
      4375 Golden State Blvd, Fresno, CA 93722-3828
      View Details
    • Value Estimation
      $530,000
      8,868 SF

      4185 Figarden Dr

      OFFICE BUILDING • 8,868 SF
      4185 Figarden Dr, Fresno, CA 93722-6069
      View Details
    • Value Estimation
      $1,090,000
      51,264 SF

      5104 Blythe Ave, Unit 101

      OFFICE BUILDING • 51,264 SF
      5104 Blythe Ave, Fresno, CA 93722-6429
      View Details
    • Value Estimation
      $435,000
      8,939 SF

      4491 Shaw Ave Ste, Unit 101

      OFFICE BUILDING • 8,939 SF
      4491 Shaw Ave Ste, Fresno, CA 93722-6232
      View Details
    • Value Estimation
      $840,000
      21,550 SF

      4201 Shaw Ave Ste, Unit 101

      OFFICE BUILDING • 21,550 SF
      4201 Shaw Ave Ste, Fresno, CA 93722-6216
      View Details
    • Value Estimation
      $360,000
      4,580 SF

      4590 Bendel Ave

      OFFICE BUILDING • 4,580 SF
      4590 Bendel Ave, Fresno, CA 93722-3901
      View Details

    Similar Nearby for Sale

    • $825,000
      4,930 SF

      Fresno Office Building For Sale

      Office building with 4930 square feet of space.
      4285 N Valentine Ave, Fresno, CA 93722
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    • Contact for pricing
      77,176 SF

      Fresno Corporate Campus Opportunity

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      5,184 SF

      Shaw Westgate Center Office Complex

      Fresno Executive Office Buildings For Sale
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    • Contact for pricing
      6,486 SF

      Herndon Ave Office Land, Fresno

      Prime Fresno office land, ideal development.
      4700 Herndon Ave, Fresno, CA 93722
      View Details
    • $3,400,000
      19.65 Acres

      Fresno Development Land

      19.65 Acres, Multifamily Potential
      3308 Cornelia 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

    Similar Nearby for Lease

    • Contact for pricing
      75,000 SF

      Vacant Office Building Available

      75,000 SF vacant office building for rent.
      5104 N Blythe Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      5,320 SF

      Fresno Office Space for Lease

      Modern Office Suites, Northwest Fresno
      7039 Blythe Ave, Fresno, CA 93722
      View Details
    • $1.25 SF/Yr
      14,500 SF

      Office Space Available Q2 2026

      Turn-key office space with many ADA features, available Q2 2026.
      4303 E Ashlan Ave, Fresno, CA 93722
      View Details
    • Contact for pricing

      Prime Fresno Location Available

      Exceptional property on N Figarden Dr, ideal for diverse tenants.
      Fresno, CA 93722
      View Details
    • $13 SF/Yr
      2,868 SF

      Prime Fresno Office Space Available

      2,868 sq ft, Multiple Tenants Possible
      4539 Brawley Ave, Fresno, CA 93722
      View Details
    • $700 /Mo
      305 SF

      Newly Constructed Office Space

      Newly constructed office space with utilities included, near Freeway 99.
      4165 W Alamos Ave, Fresno, CA 93722
      View Details
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    Fresno, CA 93722-3825
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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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