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    668 Fresno St Parlier, CA 93648

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    668 Fresno St Parlier, CA 93648

    View on Map
    • Commercial land
    • 7,100 SF
    • 0.17 lot acres
    For Sale
    $180,000
    View Listing →
    Downtown Parlier Fenced Land Parcel For Sale
    $180,000
    7,500 SF

    Downtown Parlier Fenced Land Parcel

    Fenced land with utilities in downtown Parlier, California.

    668 Fresno St, Parlier, CA 93648
    View Listing
    Property ID
    US09-2892157
    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

    • Commercial land

    Property Details for 668 Fresno St

    Year built
    1919
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    7,100 SF
    Zone code
    C2
    Property type
    Commercial land
    APN
    355-082-03
    APU
    35508203

    Description

    This 0.172-acre commercial land parcel in Parlier, CA, presents a unique investment opportunity. Located at 668 Fresno St, the property boasts an existing concrete pad, complete utilities (curb, gutter, and sidewalk), and excellent visibility. Its prime location in the heart of downtown Parlier, near Highway 99, places it within easy reach of major thoroughfares and a high volume of daily traffic (23,897 on Manning Ave and 5,413 on Mendocino Ave). The property is situated near established businesses such as Starbucks, Dollar General, Burger King, AutoZone, and RN Market, ensuring high consumer traffic and exposure. Further enhancing its appeal is its proximity to City Heritage Park, a 3.25-acre community park featuring recreational amenities. The property's zero-lot-line former building allowed for efficient use of space, and the rear alley access provides convenient delivery and additional parking options. This highly visible and walkable location offers unmatched potential for various commercial ventures. The property is zoned CG General Commercial and has APN 355-082-03. The asking price is $180,000. This is an exceptional opportunity to acquire a well-situated commercial lot in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $663,000
      Market price range: $489k - $4.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Parlier
    County
    Fresno
    State
    California
    Longitude
    -119.527
    Latitude
    36.6111
    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
    $1,413
    $35,504
    $0.00
    $35,504
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

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      VACANT COMMERCIAL LAND • 0.28 Acres
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    • Value Estimation by Request
      3.90 Acres

      Parlier, CA 93648

      VACANT COMMERCIAL LAND • 3.90 Acres
      Parlier, CA 93648
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    • Value Estimation by Request
      0.17 Acres

      Parlier, CA 93648

      VACANT COMMERCIAL LAND • 0.17 Acres
      Parlier, CA 93648
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    • Value Estimation by Request
      0.08 Acres

      Parlier, CA 93648

      VACANT COMMERCIAL LAND • 0.08 Acres
      Parlier, CA 93648
      View Details
    • Value Estimation by Request
      0.44 Acres

      755 Tulare St

      VACANT COMMERCIAL LAND • 628 SF
      755 Tulare St, Parlier, CA 93648-2541
      View Details
    • Value Estimation
      $925,000
      1.61 Acres

      Parlier, CA 93648

      VACANT COMMERCIAL LAND • 1.61 Acres
      Parlier, CA 93648
      View Details

    Similar Nearby for Sale

    • $130,000

      Improved Land with Concrete Pad

      Land with utilities, concrete pad, and high traffic exposure.
      668 Fresno St, Parlier, CA 93648
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      Prime Commercial Land in Parlier

      Commercial development land available in Parlier, California.
      13600 Manning Ave, Parlier, CA 93648
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      Retail Pad Development Opportunity

      Prime commercial land for retail development in Parlier, CA.
      13500 Manning Ave, Parlier, CA 93648
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      Vacant Commercial Land For Sale

      2.34 acres of commercially zoned land with good access.
      885 Manning Ave, Parlier, CA 93648
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      Improved Pads at Signalized Intersection

      Eleven fully improved commercial pads with utilities in Parlier, CA.
      8896 S Mendocino Ave, Parlier, CA 93648
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      Prime Commercial Land Opportunity

      Large site ideal for big box development in Parlier, CA.
      13550 Manning Ave, Parlier, CA 93648
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    Similar Nearby for Lease

    • Contact for pricing
      8,400 SF

      Versatile Industrial Space Available

      8,400 SF industrial building with office, lab, and warehouse.
      9225 S Milton Ave, Parlier, CA 93648
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      1,650 SF

      Retail Space in Parlier, CA

      Retail space available for lease in Parlier, California.
      Manning Ave, Parlier, CA 93648
      View Details
    • Contact for pricing
      4,904 SF

      Retail Space in Parlier, CA

      Retail property available for lease in Parlier, California.
      13001-13199 Manning Ave, Parlier, CA 93648
      View Details
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    668 Fresno St
    Parlier, CA 93648
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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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