Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    605 Thorne Ave Fresno, CA 93728-3037

    • Turn key restaurants
    • 2,827 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2843947
    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

    • Intimo Bar & Lounge / Bar & Pub

    Property Details for 605 Thorne Ave

    Year built
    1957
    Construction
    TILT-UP CONCRETE
    Lot size
    0.91 lot acres
    Property size
    2,827 SF
    Zone code
    CMS
    Property type
    Turn key restaurants
    APN
    450-260-08
    APU
    45026008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.814
    Latitude
    36.7514
    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
    $4,999
    $173,789
    $199,823
    $373,612
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,491 SF

      1507 Ave

      RESTAURANT • 1,491 SF
      1507 Ave, Fresno, CA 93728-1305
      View Details
    • Value Estimation by Request
      1,974 SF

      1365 Olive Ave

      RESTAURANT • 1,974 SF
      1365 Olive Ave, Fresno, CA 93728-2817
      View Details
    • Value Estimation
      $720,000
      2,834 SF

      1402 Van Ness Ave

      RESTAURANT • 2,834 SF
      1402 Van Ness Ave, Fresno, CA 93728-1939
      View Details
    • Value Estimation by Request
      2,280 SF

      1130 Van Ness Ave

      RESTAURANT • 2,280 SF
      1130 Van Ness Ave, Fresno, CA 93728
      View Details
    • Value Estimation by Request
      1,226 SF

      555 Belmont Ave

      RESTAURANT • 1,226 SF
      555 Belmont Ave, Fresno, CA 93728-2803
      View Details
    • Value Estimation by Request
      2,516 SF

      1904 Olive Ave

      RESTAURANT • 2,516 SF
      1904 Olive Ave, Fresno, CA 93728-2631
      View Details

    Similar Nearby for Sale

    • $350,000
      2,300 SF

      Fresno Office Building Investment

      Three-unit office building, high ROI potential.
      617 Fulton St, Fresno, CA 93728
      View Details
    • $1,250,000
      33,308 SF

      Tower District Infill Project

      Three-story infill project in Tower District with commercial and residential spaces.
      1504 N Van Ness Ave, Fresno, CA 93728
      View Details
    • $1,995,000
      15,060 SF

      Retail Space with Garage Parking

      Retail property featuring street and covered garage parking.
      1025 Fulton St, Fresno, CA 93728
      View Details
    • $399,999
      898 SF

      Fresno Retail Space: Prime Location

      898 SF Retail Space, $399,999
      436 Olive Ave, Fresno, CA 93728
      View Details
    • New
      $199,000
      5,330 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      441 W Olive Ave, Fresno, CA 93728
      View Details
    • $350,000
      3,000 SF

      Fresno Retail Building - $350K

      Prime Fresno storefront, remodeled 2019.
      915 Fulton St, Fresno, CA 93728
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,280 SF

      Van Ness Ave Restaurant Opportunity

      Fresno Restaurant, High Traffic Area
      1110 Van Ness Ave, Fresno, CA 93728
      View Details
    • $8 SF/Yr
      6,700 SF

      Fresno Warehouse: Blackstone Ave

      6,700 SF Warehouse, Showroom, Excellent Location
      1311 Blackstone Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      1,080 SF

      Downtown Fresno Office/Retail Space

      Renovated office/retail spaces for lease in Downtown Fresno.
      1250 Fulton St, Fresno, CA 93728
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space in Tower District

      Retail space available for lease in Fresno's Tower District.
      210-224 E Olive Ave, Fresno, CA 93728
      View Details
    • Contact for pricing
      1,721 SF

      Retail Space on Fulton Street

      Retail space available for lease in Fresno, California.
      845 Fulton St, Fresno, CA 93728
      View Details
    • Contact for pricing
      2,930 SF

      Tower District Retail Space Available

      Retail space available in the Tower District business hub.
      1028-1050 N Fulton St, Fresno, CA 93728
      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.
    605 Thorne Ave
    Fresno, CA 93728-3037
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!