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    7845 N Palm Ave Fresno, CA 93711
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    7845 N Palm Ave Fresno, CA 93711

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    • Retail space
    • 10,740 SF
    • 1.25 lot acres
    For Lease
    $1,040,000
    View Listing →
    Retail Space in Palm Bluffs For Lease
    $1,040,000
    1,474 SF

    Retail Space in Palm Bluffs

    Prime retail leasing opportunity in North Fresno's Palm Bluffs.

    7845 N Palm Ave, Fresno, CA
    View Listing
    Property ID
    US09-2784341
    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

    • Sabor Cocina Latina & Bar / Restaurant
    • Simply Soothing Therapy - Fresno / Alternative Medicine Practice / Spa & Massage Center
    • Planet Vegan / Restaurant
    • Michael Blunt Salon / Hair Salon / Nail Salon
    • Kanz Boutique / Clothing Store

    Property Details for 7845 N Palm Ave

    Year built
    2007
    Construction
    WOOD
    Lot size
    1.25 lot acres
    Property size
    10,740 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    405-531-08
    APU
    40553108

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,366,000
      Market price range: $564k - $1.78M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,130,000
      Current use
      AUTO REPAIR, GARAGE
      $1,655,000
      Change: +47% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,510,000
      Change: +34% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,375,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.806
    Latitude
    36.8517
    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
    $25,616
    $452,724
    $1,654,922
    $2,107,646
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $865,000
      27,246 SF

      7057 Marks Ave

      RETAIL STORES (PERSONAL SERVICES) • 27,246 SF
      7057 Marks Ave, Fresno, CA 93711-0261
      View Details
    • Value Estimation
      $635,000
      7,840 SF

      7280 Remington Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,840 SF
      7280 Remington Ave, Fresno, CA 93711-5748
      View Details
    • Value Estimation
      $665,000
      7,590 SF

      1731 Bullard Ave Ste, Unit 111

      RETAIL STORES (PERSONAL SERVICES) • 7,590 SF
      1731 Bullard Ave Ste, Fresno, CA 93711-2369
      View Details
    • Value Estimation
      $1,375,000
      15,000 SF

      270 El Paso Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,000 SF
      270 El Paso Ave, Fresno, CA 93711-5840
      View Details
    • Value Estimation
      $955,000
      10,230 SF

      3230 Shaw Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,230 SF
      3230 Shaw Ave, Fresno, CA 93711-3233
      View Details
    • Value Estimation
      $2,075,000
      26,940 SF

      3050 Shaw Ave

      RETAIL STORES (PERSONAL SERVICES) • 26,940 SF
      3050 Shaw Ave, Fresno, CA 93711-3239
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Tobacco Store For Sale

      Thriving tobacco business in a prime Fresno location for sale.
      3733 W Shaw Ave, Fresno, CA 93711
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    • $625,000
      3,800 SF

      Retail Property in Fresno, CA

      Retail property with 3,800 square feet of space.
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      24,839 SF

      Retail and Office Strip Center

      Commercial strip center with retail and office spaces for sale.
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      Retail Property on Shaw Avenue

      3,011 SF retail property for sale in Fresno, CA.
      1784 W Shaw Ave, Fresno, CA 93711
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      15,974 SF

      Freestanding Office Building For Rent

      Single-story office building with secured parking and excellent exposure.
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      Signalized Corner Land For Sale

      Commercial land with outstanding visibility, ideal for various uses.
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    Similar Nearby for Lease

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      1,436 SF

      Retail and Office Space Available

      Retail/office space in a busy Fresno shopping center.
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      Retail Space in High-Traffic Area

      Retail space available in north Fresno shopping center.
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    • $2.00 SF/Yr
      2,000 SF

      Retail Space in Fresno, CA

      Retail space available for lease in Fresno, California.
      659 E Nees Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      2,113 SF

      Retail Space Near Major Retailers

      Retail spaces available near Target, FoodMaxx, and other major retailers.
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      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Herndon Avenue

      Retail space available in high-income area with great visibility.
      7095 N Marks Ave, Fresno, CA 93711
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    • Contact for pricing
      1,474 SF

      Retail Space in Palm Bluffs

      Prime retail leasing opportunity in North Fresno's Palm Bluffs.
      7845 N Palm Ave, Fresno, CA 93711
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      896
    • Avg Time on site
      53 min
    View Listing
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    Fresno, CA 93711
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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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