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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Motels
102 Herndon Ave, Fresno, CA 93720-2914
Trust Owned
7-yr Hold
Property ID
US09-3122048
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
WOOD
Total area
38,368 SF
Lot
1.41 ac (61,419 SF)
Zoning code
CR
APN
303-170-71
UPID
US09-3122048
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Comfort Suites Fresno River Park Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.31M
Owner & transaction history
Patel,j B & V J Trust · 7 yrs held
Patel,j B & V J Trust
since 2019
7 recorded transactions
Zoning & alternative use
CR · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$89,562
Tax year 2023
Assessed value
$7,398,139
Assessed 2023
Previous assessed
$7,398,139
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$905,457
Assessed improvement
$6,492,682
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Stories
3
Units
70
Total area
38,368 SF
Lot
1.41 ac (61,419 SF)
Zoning code
CR
APN
303-170-71
UPID
US09-3122048
Jurisdiction
FRESNO
Zoning & alternative use
CR · Fresno, CA
Zoning CR · permitted uses
CR · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
NONE
Stories
3
Units
70
Lot
1.41 ac
Current owner
From public records · entity-resolved
Patel,j B & V J Trust
Trust
Mailing address
6018 N WOODSON AVE, FRESNO, CA 93711-2277
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
—
Jagdishkumar Bhikhabhai Patel
—
Deed
related
$121,360 · Fresno First Bank
Mar 28, 2019
—
Patel,j B & V J Trust
Patel,jagdishkumar B
Quit Claim Deed
related
—
Nov 14, 2018
—
Jagdishkumar B Patel
—
Deed
related
$3,100,000 · Fresno First Bk
Jun 4, 2012
—
Jagdishkumar B Patel
Patel,vinaben
Quit Claim Deed
related
—
Jun 4, 2012
$6,650,000
Jagdishkumar Bhikhabhai Patel
Narender Taneja
Grant Deed
$3,245,000 · Business Loan Capital Fund V LLC
Oct 9, 2008
—
Taneja Family Trust
Taneja,narendr & Amita
Quit Claim Deed
related
—
Nov 17, 2006
—
Narender Taneja
—
Deed Of Trust
related
$1,500,000 · Nara Bank
Oct 14, 2003
$693,500
Narender Taneja
Abe,tr
Grant Deed
$3,100,000 · General Electric Capital Corp
—
—
Narender Taneja
—
Deed Of Trust
related
$920,000 · Mercury Investment INC
—
—
Narender Taneja
—
Deed Of Trust
related
$5,525,000 · Centennial Bank
—
—
Jagdishkumar B Patel
—
Deed Of Trust
related
$3,100,000 · Fresno First Bk
—
—
Narender Taneja
—
Deed Of Trust
related
$270,919 · Mercury Investments INC
—
—
Narender Y Taneja
—
Deed Of Trust
related
$1,068,200 · Community National Bank
—
—
Taneja Family Trust
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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