Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 Nees Ave Fresno, CA 93720-2182
    Back to Search
    Property profile & analytics

    701 Nees Ave, Fresno, CA 93720-2182

    View on Map
    • Car washes
    • 5,852 SF
    • 1.49 lot acres
    Off-Market
    Property ID
    US09-5268843
    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
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Surf Thru Express Car Wash / Car Wash

    Property Details for 701 Nees Ave

    Year built
    2013
    Construction
    TILT-UP CONCRETE
    Lot size
    1.49 lot acres
    Zone code
    CC
    Property type
    Car washes
    APN
    303-190-83
    APU
    30319083

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2025 — Surf Thru INC — Deed · related $190M · Bmo Bank NA
    Jun 8, 2022 — Surf Thru INC — Deed · related $110M · Pnc Bank NA
    May 23, 2019 — Surf Thru INC — Deed · related $3.3M · Compass Bank
    Jul 17, 2013 — Surf Thru INC — Trustees Deed · related $2.8M · Bank Of The Sierra
    — — Surf Thru INC — Deed Of Trust · related $1.7M · Bank Of The Sierra
    — — Surf Thru INC — Deed Of Trust · related $1.1M · Bank Of The Sierra

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,092,000
      Market price range: $324k - $1.09M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $900,000
      Current use
      RESTAURANT
      $1,375,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $930,000
      Change: +3% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $825,000
      Change: -9% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $750,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.772
    Latitude
    36.8513
    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
    $31,882
    $632,950
    $1,993,153
    $2,626,103
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      Fresno, CA 93720

      VEHICLE SALES, RENTALS
      Fresno, CA 93720
      View Details
    • Value Estimation by Request
      3.16 Acres

      8470 Friant Rd

      VEHICLE SALES, RENTALS
      8470 Friant Rd, Fresno, CA 93720-1532
      View Details
    • Value Estimation by Request
      1,204 SF

      353 Herndon Ave

      VEHICLE SALES, RENTALS
      353 Herndon Ave, Fresno, CA 93720
      View Details
    • Value Estimation by Request
      0.88 Acres

      Fresno, CA 93720

      VEHICLE SALES, RENTALS
      Fresno, CA 93720
      View Details
    • Value Estimation by Request
      0.66 Acres

      7170 6th St

      VEHICLE SALES, RENTALS
      7170 6th St, Fresno, CA 93720-3226
      View Details
    • Value Estimation by Request
      3.58 Acres

      Fresno, CA 93720

      VEHICLE SALES, RENTALS
      Fresno, CA 93720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Available Single Story Office Building

      12,128 SF office building available for sale.
      Nwc Herndon Ave And Fresno St, Fresno, CA 93720
      View Details
    • Contact for pricing
      18,787 SF

      Office Complex at First & Alluvial

      Well-designed office complex with ample parking and convenient location.
      7447 N 1St St, Fresno, CA 93720
      View Details
    • $1,250,000

      Northeast Fresno Multifamily Investment

      Turnkey five-unit apartment building in a desirable location.
      7089 N Howard St, Fresno, CA 93720
      View Details
    • Contact for pricing
      9,505 SF

      Medical Office Building For Sale

      Fully leased medical office building in Meridian Professional Center.
      7085 N Maple Ave, Fresno, CA 93720
      View Details
    • Contact for pricing

      Commercial Land Near Fresno Street

      Proposed commercial land with high traffic and convenient location.
      6720 N Fresno St, Fresno, CA 93720
      View Details
    • $6,400,000
      21,802 SF

      Fresno Commercial Property For Sale

      21,802 sqft commercial property on 0.92 acres in Fresno.
      7011 N Howard St, Fresno, CA 93720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,098 SF

      Retail Space in High-Income Area

      Retail space available in Fresno's affluent Woodward Park area.
      1158 E Champlain Dr, Fresno, CA 93720
      View Details
    • Contact for pricing
      2,418 SF

      Retail Space in High-Income Area

      Retail space available in Fresno's affluent Woodward Park area.
      1102 E Champlain Dr, Fresno, CA 93720
      View Details
    • Contact for pricing
      1,189 SF

      Retail Space in Shepherd Ranch

      Retail space for lease in Fresno's desirable Woodward Park.
      8959 N Chestnut Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      625 SF

      Retail Space Near River Park

      Retail space available near River Park shopping center and medical centers.
      1055 E Herndon Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      1,296 SF

      Retail Space Available For Rent

      Retail space available for rent in Fresno, California.
      2930-2960 E Nees Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      4,104 SF

      Woodward Village Retail Spaces

      Fresno shopping center, 3 units available.
      0 Fresno Ca, Fresno, CA 93720
      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.
    701 Nees Ave
    Fresno, CA 93720-2182
    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
    701 Nees Ave, Fresno, CA, 93720
    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!