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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
103 Academy Ave Sanger, CA 93657-2130
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2097470
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
TYPE NOT SPECIFIED
Total area
4,000 SF
Lot
0.56 ac (24,450 SF)
Zoning code
CM
APN
315-160-36
UPID
US09-2097470
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Neri Romero Martin · 2 yrs held
Neri Romero Martin
since 2024
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
CM · Sanger, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$780,000
+111.1%
Office building
$680,000
+83.4%
Auto repair, garage
$585,000
+58.9%
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 Sanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanger 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$370,000
Current use
MEDICAL BUILDING
$780,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Mar 5 2024)
Last sale anchor
$600k
Mar 5 2024
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
$150 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$730
Tax year 2024
Assessed value
$57,664
Assessed 2024
Previous assessed
$57,664
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$18,220
Assessed improvement
$39,444
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,000 SF
Lot
0.56 ac (24,450 SF)
Zoning code
CM
APN
315-160-36
UPID
US09-2097470
Jurisdiction
FRESNO
Zoning & alternative use
CM · Sanger, CA
Zoning CM · permitted uses
CM · Sanger, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanger. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$370,000
MEDICAL BUILDING
Est. value
$780,000
OFFICE BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$585,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Neri Romero Martin
Individual
Mailing address
826 HOAG AVE, SANGER, CA 93657-2837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
$600,000
Neri Romero Martin
Larry James Pistacchio
Grant Deed
$510,000 · Celtic Bank Corporation
Mar 5, 2024
—
Teresa Jasmine Neri
Christian Espinoza
Intrafamily Transfer
related
—
Jul 28, 2023
—
Emet And Alma Properties LLC
Emeterio P Perez
Deed
related
—
Oct 28, 2016
$850,000
Emeterio P Perez
Academy Investments LLC
Grant Deed
$850,000 · Academy Investments LLC
Apr 18, 2005
—
Academy Investments LLC
Thll Family Trust
Grant Deed
related
—
Sep 1, 2004
—
Thll Family Trust
Bedoian,tarjian
Grant Deed
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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