Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5051 Forkner Ave Fresno, CA 93711
    Back to Search
    Property profile & analytics

    5051 Forkner Ave, Fresno, CA 93711

    View on Map
    • Automotive properties
    • 975 SF
    • 0.38 lot acres
    Off-Market
    Property ID
    US09-2592619
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Automotive properties

    Property Details for 5051 Forkner Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Zone code
    CMX
    Property type
    Automotive properties
    APN
    415-070-17
    APU
    41507017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 1997 $92,500 Educational Employees Cu Ramirez,dolores M Grant Deed · related —
    Oct 30, 1980 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.831
    Latitude
    36.8095
    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
    $3,343
    $141,953
    $110,784
    $252,737
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.23 Acres

      Fresno, CA 93711

      VEHICLE SALES, RENTALS
      Fresno, CA 93711
      View Details
    • Value Estimation by Request
      1.16 Acres

      961 Alluvial Ave

      VEHICLE SALES, RENTALS
      961 Alluvial Ave, Fresno, CA 93711
      View Details
    • Value Estimation by Request
      2.44 Acres

      Fresno, CA 93711

      VEHICLE SALES, RENTALS
      Fresno, CA 93711
      View Details
    • Value Estimation by Request
      1.25 Acres

      Fresno, CA 93711

      VEHICLE SALES, RENTALS
      Fresno, CA 93711
      View Details
    • Value Estimation
      $10,875,000
      1.59 Acres

      Fresno, CA 93711

      VEHICLE SALES, RENTALS
      Fresno, CA 93711
      View Details
    • Value Estimation by Request
      0.29 Acres

      Fresno, CA 93711

      VEHICLE SALES, RENTALS
      Fresno, CA 93711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Tobacco Store For Sale

      Thriving tobacco business in a prime Fresno location for sale.
      3733 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      42,300 SF

      Prime Retail Corridor Community Center

      High-exposure retail space with pylon signage in Clovis.
      147 West Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      3,011 SF

      Retail Property on Shaw Avenue

      3,011 SF retail property for sale in Fresno, CA.
      1784 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      24,839 SF

      Retail and Office Strip Center

      Commercial strip center with retail and office spaces for sale.
      2221-2261 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      7,510 SF

      Leased Investment: Remodeled Office Suites

      Leased investment opportunity featuring six remodeled general/professional suites.
      2377 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      4,772 SF

      Northwest Fresno Office Condo

      General/medical office condo in desirable Northwest Fresno market.
      3585 W Beechwood Ave, Fresno, CA 93711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,170 SF

      Retail Space Near Business Park

      Retail space available near Palm Bluffs Business Park.
      675 W Nees Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space with Great Visibility

      Retail space with easy access and high visibility available for rent.
      2710-2722 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      4,554 SF

      Retail Space in High-Traffic Area

      Retail space available in high-income area with significant traffic.
      3006 W Bullard Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      2,113 SF

      Retail Space Near Major Retailers

      Retail spaces available near Target, FoodMaxx, and other major retailers.
      3025-3139 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing

      Retail Space in Times Square

      Retail spaces for lease in high-traffic Fresno shopping center.
      3173 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing

      Retail Space in Lively Center

      Retail space and turn-key restaurant in Fresno shopping center.
      132 W Nees Ave, Fresno, CA 93711
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5051 Forkner Ave
    Fresno, CA 93711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5051 Forkner Ave, Fresno, CA, 93711
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!