Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Apartment buildings
1161 Shepherd Ave Fresno, CA 93720-1913
Individually Owned
10-yr Hold
Property ID
US10-2588521
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
WOOD
Total area
37,974 SF
Lot
2.21 ac (96,267 SF)
Zoning code
RS4
APN
403-021-03
UPID
US10-2588521
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
-
Drew Court Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Fawzy Awad · 10 yrs held
Fawzy Awad
since 2015
7 recorded transactions
Zoning & alternative use
RS4 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+20.4%
Industrial (general)
$5.3M
+9.8%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,865,000
Current use
AUTO REPAIR, GARAGE
$5,855,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,340,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$3,995,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±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
$95 / 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
$75,271
Tax year 2023
Assessed value
$6,173,839
Assessed 2023
Previous assessed
$6,173,839
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$437,559
Assessed improvement
$5,736,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
32
Bathrooms
58
Total area
37,974 SF
Lot
2.21 ac (96,267 SF)
Zoning code
RS4
APN
403-021-03
UPID
US10-2588521
Jurisdiction
FRESNO
Zoning & alternative use
RS4 · Fresno, CA
Zoning RS4 · permitted uses
RS4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2020
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
32
Bathrooms
58
Lot
2.21 ac
Current owner
From public records · entity-resolved
Fawzy Awad
Individual
Mailing address
581 W FALLBROOK AVE STE #100, FRESNO, CA 93711-5519
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
Drew Court LLC
—
Deed
related
$6,600,000 · Tri Counties Bank
Jun 11, 2019
—
Drew Court LLC
—
Deed
related
$6,000,000 · Tri Counties Bank
Sep 21, 2017
—
Drew Court LLC
—
Deed
related
$5,685,000 · Fresno First Bank
Dec 31, 2015
—
Fawzy Awad
Najdawi,hajeh
Quit Claim Deed
related
—
Dec 31, 2015
$238,000
Drew Court LLC
Awad,marcil
Grant Deed
$238,000 · Michael K Matson
Nov 3, 2014
—
Fawzy Awad
Najdawi,hajeh
Quit Claim Deed
related
—
May 18, 2010
—
Fawzy Awad
Awad,marcil
Quit Claim Deed
related
—
May 18, 2010
$260,000
Fawzy Awad
Taylor,vincent & Tracy
Grant Deed
—
Apr 16, 2010
$260,000
Vincent Taylor
Ramirez,elvia
Grant Deed
—
Apr 16, 2010
—
Elvia Ramirez
Awad,mark
Grant Deed
related
—
Jun 9, 2006
$300,000
Elvia Ramirez
Woo Daniel & Rita Trust
Grant Deed
$240,000 · Bank Of The Sierra
Jun 9, 2006
—
Rita Woo
Woo,daniel
Affidavit Of Death
related
—
Dec 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 8, 1979
$75,000
Woo,daniel & Rita|matteson,john D & Rosalene Trust
—
Grant Deed
related
—
—
—
Drew Court LLC
—
Deed Of Trust
related
$6,000,000 · Tri Counties Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1161 Shepherd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
