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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Apartment buildings
1250 Rorden Ave Selma, CA 93662-3800
Entity Owned
1-yr Hold
Property ID
US09-2748303
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2000
Construction
WOOD
Total area
48,660 SF
Lot
4 ac (174,240 SF)
Zoning code
R3
APN
389-320-33
UPID
US09-2748303
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
$4.10M
Blend (final)
Blend
$5.80M
Owner & transaction history
Bethel Lutheran Home INC · 1 yrs held
Bethel Lutheran Home INC
since 2025
5 recorded transactions
Zoning & alternative use
R3 · Selma, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.5M
+53.4%
Office building
$8.2M
+33.2%
Auto repair, garage
$7.1M
+15.4%
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 Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma 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)
$6,190,000
Current use
MEDICAL BUILDING
$9,490,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$8,245,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,145,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$5,185,000
Change: -16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,185,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±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
$119 / 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
$14,405
Tax year 2023
Assessed value
$5,155,958
Assessed 2023
Previous assessed
$5,155,958
+0.0% YoY
Effective rate
0.28%
On assessed value
Assessed land
$86,782
Assessed improvement
$5,069,176
Applied tax rate
11.0000
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
2000
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
36
Bathrooms
72
Total area
48,660 SF
Lot
4 ac (174,240 SF)
Zoning code
R3
APN
389-320-33
UPID
US09-2748303
Jurisdiction
FRESNO
Zoning & alternative use
R3 · Selma, CA
Zoning R3 · permitted uses
R3 · Selma, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2000
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
36
Bathrooms
72
Lot
4 ac
Current owner
From public records · entity-resolved
Bethel Lutheran Home INC
Entity
Mailing address
2280 DOCKERY AVE, SELMA, CA 93662-3806
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2025
—
Bethel Lutheran Home INC
—
Deed
related
—
Apr 26, 2022
—
Bethel Luthern Homr INC
—
Deed
related
$2,000,000 · United States Small Business Admin
May 19, 2020
—
Bethel Lutheran Home INC
—
Deed
related
$900,000 · National Ln Acquisitions
Sep 24, 1999
—
Bethel Lutheran Home INC
—
Grant Deed
related
$3,700,000 · Bank Of America Community Dev
—
—
Bethel Lutheran Home INC
—
Deed Of Trust
related
$900,000 · National Ln Acquisitions
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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