Property profile

9505 N Sommerville Dr Fresno, CA 93720

FOR LEASE
Retail space
Property ID
US10-3257169
4,000 SF 0.96 ac lot Built 2005
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

The Crossroads Shopping Center offers a fantastic retail opportunity in northeast Fresno, California. This vibrant shopping center is situated at the Northwest corner of Sommerville Drive and Perrin Avenue, in a highly affluent neighborhood. The available space totals 101 square feet, perfect for a smaller business or supplemental location. The center boasts a diverse tenant mix, providing a strong synergy and established customer base. Current businesses within the center include restaurants, banking services, a salon, fitness center, dental practice, veterinary clinic, and dry cleaners, catering to the immediate community's needs. This location benefits from excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The property is located in Fresno County, California, with the precise address being 9505 N. Sommerville Drive, Fresno, CA 93720. This is an exceptional chance to establish or expand your business within a thriving retail environment. The property is classified as retail, with a specific subtype of ATM, and features multiple tenancies. The total building square footage is not currently specified. This 101 square foot space presents a unique opportunity for a variety of businesses seeking a high-traffic location in a well-established shopping center.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction WOOD
Total area 4,000 SF
Lot 0.96 ac (41,817 SF)
Zoning code CC
APN 568-120-50S
UPID US10-3257169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Barber Shop

Location

9505 N Sommerville Dr Fresno, CA 93720
Fresno metro Census 5505 FRESNO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2010
5 recorded transactions
2010
$1.3M
2007
Price N/A
2005
Price N/A
2004
Price N/A
2003
Price N/A

Zoning & alternative use

CC · Fresno, CA
Zoning description

CC: Medium-scale development that serves local needs such as convenience shopping & offices CR: Large, urban-scale retail, office, civic/entertainment uses to meet local and regional demands CG: A range of retail/service…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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