527 Sunrise AveMadera, CA 93638

  • Healthcare properties
  • 1,397 SF
For Sale
$1,900,000 View listing

Property Details for 527 Sunrise Ave

Year built
1968
Construction
TILT-UP CONCRETE
Lot size
0.44 AC
Property size (Sq ft)
1,397 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
011-092-002-000
APU
11092002000

Description

This Madera, CA retail property, located at 527 Sunrise Ave, 93638, presents a unique investment opportunity. The 1,397 sq ft building sits on a 0.44-acre lot (19,166 sq ft) and includes a thriving grocery store and liquor store business. The business boasts strong monthly gross sales of $100,000 with a 30% margin, supplemented by substantial check-cashing revenue ($500,000-$800,000 annually at a 1% fee). Additional income streams are generated from a house rental ($1,500/month) and taco truck rental ($750/month). The property operates with three employees and holds a valuable 21 - Off-Sale General License, permitting the sale of alcoholic beverages for off-premises consumption. The asking price is $1,900,000 ($1,360.06/sq ft). This turnkey operation offers diverse income streams and significant potential for growth within a spacious lot. The property features one building, one unit, and is a single-story structure. The APN is 011-092-002. This is an exceptional opportunity to acquire a well-established business with substantial revenue and a strong foundation for future expansion.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $306,621
    6.5%
    $283,035
    7%
    $262,818
  • Comparable approach

    Method
    Valuation
    Relative Method
    $205,417
    Geo Method
    $389,637
  • Alternative Use

    Use
    Valuation
    Residential
    $350,963
    Hospitality
    $321,480
    Educational
    $267,468
    Medical
    $276,666
    Retail
    $416,061
527 Sunrise Ave, Madera, California

Location Insight

City
Madera
County
Madera
State
California
Latitude
36.9602
Longitude
-120.049
CBSA code
31460
CBSA name
MADERA, 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
2024
$10,215
$234,090
$617,940
$852,030
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