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Property profile & analytics
OFF-MARKET
Estimated value
$5,585,000
Motels
1241 Broadway Plz, Fresno, CA 93721-1909
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-5615580
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1912
Construction
CONCRETE
Total area
111,886 SF
Lot
0.6 ac (26,136 SF)
Zoning code
DTC
APN
466-214-31
UPID
US09-5615580
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.59M
Owner & transaction history
Broadway Plz Fam Apts LP · 6 yrs held
Broadway Plz Fam Apts LP
since 2019
3 recorded transactions
Zoning & alternative use
DTC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$50 / 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
$33,105
Tax year 2023
Assessed value
$2,564,345
Assessed 2023
Previous assessed
$2,564,345
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$284,133
Assessed improvement
$2,280,212
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
1912
Construction
CONCRETE
Heating
NONE
Stories
7
Total area
111,886 SF
Lot
0.6 ac (26,136 SF)
Zoning code
DTC
APN
466-214-31
UPID
US09-5615580
Jurisdiction
FRESNO
Zoning & alternative use
DTC · Fresno, CA
Zoning DTC · permitted uses
DTC · 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
1912
Construction
CONCRETE
Heating
NONE
Stories
7
Lot
0.6 ac
Current owner
From public records · entity-resolved
Broadway Plz Fam Apts LP
Entity
Mailing address
770 IROLO ST APT #1000, LOS ANGELES, CA 90005-2308
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
$2,511,818
Broadway Plz Fam Apts LP
Hotel Fresno Apartments LP
Grant Deed
$15,000,000 · Bank Of Hope
Jul 27, 2007
$1,050,100
Hotel Frezno LLC
Investor Credit Corp
Grant Deed
—
—
—
Hotel Frezno LLC
—
Deed Of Trust
related
$270,000 · Marvin S Waldman Dds INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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