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Property profile & analytics
OFF-MARKET
Office buildings
1305 Olive Ave Fresno, CA 93728-3609
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US10-2106793
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
WOOD
Total area
1,214 SF
Lot
0.1 ac (4,212 SF)
Zoning code
CMS
APN
451-275-13
UPID
US10-2106793
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
by Request
Owner & transaction history
Michael J Terlouw · 15 yrs held
Michael J Terlouw
since 2011
7 recorded transactions
Zoning & alternative use
CMS · 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
—
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
$1,240
Tax year 2023
Assessed value
$80,032
Assessed 2023
Previous assessed
$80,032
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$36,939
Assessed improvement
$43,093
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,214 SF
Lot
0.1 ac (4,212 SF)
Zoning code
CMS
APN
451-275-13
UPID
US10-2106793
Jurisdiction
FRESNO
Zoning & alternative use
CMS · Fresno, CA
Zoning CMS · permitted uses
CMS · 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
1945
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Michael J Terlouw
Individual
Mailing address
2469 TUSCANY AVE, MERCED, CA 95340-9371
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2011
$65,000
Michael J Terlouw
Bayview Ln Svcg LLC
Grant Deed
$61,000 · Op Dev INC
Jul 9, 2010
$50,100
Bayview Ln Svcg LLC
Asset Foreclosure Svcs INC
Trustees Deed
related
—
Sep 30, 2005
$160,000
Gabriel Gutierrez
Rosales,richard L SR & Rosemarie O
Grant Deed
$113,548 · Richard L SR & Rosemarie O Rosales
Aug 9, 2002
$75,000
Richard L Rosales
Cude,joe
Grant Deed
$65,000 · Joe Cude
Jul 23, 1997
—
Joe Cude
Cude,jean
Quit Claim Deed
related
—
Nov 9, 1984
$54,000
Joe Cude
—
Grant Deed
related
—
Jun 7, 1983
$13,500
—
—
Grant Deed
related
—
—
—
Michael J Terlouw
—
Deed Of Trust
related
$50,000 · Valley Small Busn Dev
—
—
Rosemarie O Rosales
—
Deed Of Trust
related
$92,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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