Technical
Financial
Distress signals
Property profile

580 Derrick Ave Mendota, CA 93640

OFF-MARKET
Grocery and convenience stores
Property ID
US09-2314404
28,000 SF 2.85 ac lot Built 1979
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial land opportunity presents a rare chance to establish a thriving business in a high-traffic area of Mendota, CA. The property, zoned C-2, offers a flexible buildable area ranging from 20,000 to 30,000 square feet, ideal for a variety of retail or restaurant concepts. Its strategic location within an established shopping center's parking lot on Highway 33 ensures exceptional visibility and accessibility. The site benefits from a drive-thru pad, perfect for quick-service restaurants or businesses requiring convenient customer access. This ground lease opportunity provides a cost-effective entry point into a vibrant market. The property boasts a strong tenant mix, including established businesses such as Star Super Market, Save a Dollar Superstore, Mendota Food Center, Burger King, Auto Zone, Dollar Tree, Mendota Donuts, and McDonald's, creating a synergistic environment and attracting a substantial customer base. This is a single-tenant property in Fresno County, offering a unique chance to capitalize on the high foot traffic and strong commercial presence in this thriving community. The C-2 zoning allows for a wide range of commercial uses, providing flexibility for potential buyers or lessees. Don't miss this opportunity to secure a prime location in a bustling retail environment.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 28,000 SF
Lot 2.85 ac (124,146 SF)
Zoning code C3
APN 012-190-33
UPID US09-2314404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service
  • Gym & Fitness Center
  • Department Store

Location

580 Derrick Ave Mendota, CA 93640-2202
Mendota metro Census 8303 FRESNO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2022
Last sale
$300,000
5 recorded transactions
2022
$300,000
2012
$1.2M
2012
Price N/A
2011
Price N/A
1998
Price N/A

Zoning & alternative use

C3 · Mendota, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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