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    Property profile & analytics

    628 Chestnut Ave, Unit 101 Fresno, CA 93702-3163

    • Retail space
    • 26,210 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $2,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2683227
    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

    • Hut Market / Grocery & Convenience Store / Food Market

    Property Details for 628 Chestnut Ave

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    1.44 lot acres
    Property size
    26,210 SF
    Zone code
    CMX
    Property type
    Retail space
    APN
    461-304-37S
    APU
    46130437S

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,909,000
      Market price range: $1.22M - $2.98M
      AI Estimate
      $1,851,000
      Market price range: $1.18M - $2.97M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,140,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,685,000
      Change: +72% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,160,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.737
    Latitude
    36.7365
    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
    $19,933
    $571,786
    $988,317
    $1,560,103
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      423 1st St

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      423 1st St, Fresno, CA 93702
      View Details
    • Value Estimation by Request
      3,154 SF

      4571 Belmont Ave Ste A

      RETAIL STORES (PERSONAL SERVICES) • 3,154 SF
      4571 Belmont Ave Ste A, Fresno, CA 93702-2485
      View Details
    • Value Estimation by Request
      1,600 SF

      3815 Belmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      3815 Belmont Ave, Fresno, CA 93702-2105
      View Details
    • Value Estimation by Request
      1,694 SF

      3752 Belmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,694 SF
      3752 Belmont Ave, Fresno, CA 93702-2104
      View Details
    • Value Estimation by Request
      680 SF

      3746 Belmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 680 SF
      3746 Belmont Ave, Fresno, CA 93702-2104
      View Details
    • Value Estimation by Request
      3,241 SF

      3624 Butler Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,241 SF
      3624 Butler Ave, Fresno, CA 93702-4303
      View Details

    Similar Nearby for Sale

    • New
      $449,000
      1,408 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      4605 E Belmont Ave, Fresno, CA 93702
      View Details
    • New
      $429,000
      1,650 SF

      Retail Space in Fresno, CA

      Retail space available for sale in Fresno, California.
      4584 E Tulare St, Fresno, CA 93702
      View Details
    • Contact for pricing
      3,760 SF

      High-Visibility Corner Retail Property

      Retail property with high visibility and strong traffic counts.
      2344 N Cedar Ave, Fresno, CA 93702
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    • $2,300,000
      16,630 SF

      Fresno Retail Strip Plaza

      Value-add retail strip plaza near Highway 99 and 180.
      4571 East Kings Canyon Rd, Fresno, CA 93702
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      Fresno Commercial Property - Kings Canyon Rd

      Prime Fresno location, 2,227 sq ft building on 0.29 acres.
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    • $295,000
      4,000 SF

      Industrial Building with Flexible Zoning

      4,000 SF industrial building with excellent highway access.
      2025 S Hazelwood Blvd, Fresno, CA 93702
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    Similar Nearby for Lease

    • $1.50 SF/Yr
      1,750 SF

      Retail Space on Kings Canyon

      Retail spaces available with high visibility and traffic.
      4595 E Kings Canyon Rd, Fresno, CA 93702
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    • Contact for pricing
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      Retail Space in Heritage Square

      Retail space for lease in Heritage Square Shopping Center.
      3226-3276 E Tulare St, Fresno, CA 93702
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      Retail Space Near Vallarta

      Retail space with high visibility and easy access.
      1281 S Chestnut Ave, Fresno, CA 93702
      View Details
    • $1.00 SF/Yr
      2,720 SF

      Retail Space on Kings Canyon

      Retail and restaurant spaces available in established Fresno location.
      4798 E Kings Canyon Rd, Fresno, CA 93702
      View Details
    • Contact for pricing
      16,765 SF

      Fresno Retail/Warehouse Space Available

      Retail and warehouse property in southeast Fresno for lease.
      3515 E Tulare St, Fresno, CA 93702
      View Details
    • $2 SF/Yr
      2,020 SF

      Prime Fresno Retail Opportunity

      High-traffic retail space in central Fresno with on-site parking.
      4190 E Ventura Ave, Fresno, CA 93702
      View Details
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    Fresno, CA 93702-3163
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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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