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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Medical Office Space
1177 Warner Ave Fresno, CA 93710-4030
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-0594269
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
3,993 SF
Lot
0.35 ac (15,080 SF)
Zoning code
O
APN
408-140-28
UPID
US09-0594269
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
-
Valley Regional Sleep Disorder: Jones Kelly MD Physician
-
Valley Regional Sleep Disorder: Rana Naeem MD Physician
-
Vascular Center Of Intervention Medical Clinic Hospital
-
Arnold Rugama Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$810k
Owner & transaction history
Phillip Lionudakis · 3 yrs held
Phillip Lionudakis
since 2023
Last sale
$30,000
7 recorded transactions
Zoning & alternative use
O · 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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$930,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $30k (Jun 29 2023)
Last sale anchor
$30k
Jun 29 2023
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
$203 / 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
$9,096
Tax year 2023
Assessed value
$706,754
Assessed 2023
Previous assessed
$706,754
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$213,231
Assessed improvement
$493,523
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,993 SF
Lot
0.35 ac (15,080 SF)
Zoning code
O
APN
408-140-28
UPID
US09-0594269
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CA
Zoning O · permitted uses
O · 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
MEDICAL BUILDING Current
Est. value
$930,000
MEDICAL BUILDING Current
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
1979
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Phillip Lionudakis
Individual
Free & Clear · 3 yrs held
Mailing address
2202 W BEECHWOOD AVE, FRESNO, CA 93711-7128
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$30,000
Phillip Lionudakis
Marlene Murphey
Grant Deed
—
Jul 13, 2015
$300,000
Marlene Murphey
Lionudakis Phillip
Grant Deed
—
Mar 30, 2015
—
Marlene Murphey
Lionudakis N & F Trust
Quit Claim Deed
related
—
Dec 1, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 15, 2009
—
Marlene Murphey
Lionudakis,nick
Affidavit Of Death
related
—
May 25, 2001
$535,000
Lionudakis Trust
Abbate Trust
Grant Deed
—
Mar 30, 1999
—
Abbate Trust
Abbate,aileen C
Quit Claim Deed
related
—
Jan 5, 1987
$22,500,000
Byrne,aileen E|coelho,aileen L Tr Etal
Abbate,aileen C
Grant Deed
related
—
—
—
Abbate Trust
—
Deed Of Trust
related
$300,000 · Bank One Fresno
—
—
Abbate Trust
—
Deed Of Trust
related
$200,000 · Westamerica 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.
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