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Property profile & analytics
OFF-MARKET
Estimated value
$10,685,000
Motels
1309 Shaw Ave, Fresno, CA 93711-3602
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2117669
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Construction
WOOD
Total area
46,838 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CMX
APN
425-041-39
UPID
US09-2117669
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
-
San Joaquin Hotel SureStay Collection by Best Western Hotel & Motel
-
Sanjauqinsweets Vacation Rental Hotel & Motel
-
The Parks Housing Complex
-
San Joaquin Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$10.69M
Owner & transaction history
Park 1309 Homekey LP · 3 yrs held
Park 1309 Homekey LP
since 2022
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
CMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.3M
+80.9%
Restaurant
$11.0M
+22.5%
Medical building
$9.4M
+4.7%
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
$11,160,000
ML approach
$9,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,990,000
Current use
COMMERCIAL (GENERAL)
$16,270,000
Change: +81% · Conversion: Difficult
RESTAURANT
$11,015,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$9,415,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$9,280,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,220,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$10.69M
Range $9.62M – $11.75M · ±10% · vs last sale $10.66M (Sep 30 2022)
Last sale anchor
$10.66M
Sep 30 2022
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
$228 / 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
$122,583
Tax year 2023
Assessed value
$9,660,500
Assessed 2023
Previous assessed
$9,660,500
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$770,000
Assessed improvement
$8,890,500
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
1970
Construction
WOOD
Heating
NONE
Stories
2
Units
68
Total area
46,838 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CMX
APN
425-041-39
UPID
US09-2117669
Jurisdiction
FRESNO
Zoning & alternative use
CMX · Fresno, CA
Zoning CMX · permitted uses
CMX · 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
HOTEL/MOTEL Current
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$16.3M
RESTAURANT
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$9.4M
OFFICE BUILDING
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$7.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1970
Construction
WOOD
Heating
NONE
Stories
2
Units
68
Lot
1.47 ac
Current owner
From public records · entity-resolved
Park 1309 Homekey LP
Entity
Mailing address
352 W BEDFORD AVE STE #110, FRESNO, CA 93711-6079
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$10,660,500
Park 1309 Homekey LP
1309 West Shaw LLC
Grant Deed
—
May 21, 2019
$5,200,000
1309 West Shaw LLC
Morning View Hotels Sj Inn LLC
Grant Deed
$4,280,000 · Cogent Bank
Oct 4, 2016
—
Morning View Hotels Sj Inn LLC
—
Deed
related
$3,100,000 · Evertrust Bank
Jun 24, 2014
—
Morning View Hotels-sj Inn LLC
Ittleson Sjs Hotel LLC
Grant Deed
$3,000,000 · Atlantic Pearl Investment INC
Dec 16, 2010
$2,200,000
Ittleson Sjs Hotel LLC
Fidelity National Title Co
Trustees Deed
related
—
Dec 29, 2006
—
Sjs Properties Group LLC
Sjs Partners Group LLC
Quit Claim Deed
related
—
Aug 29, 2006
$3,800,000
Sjs Partners Group LLC
Sharma,vinod K
Grant Deed
$4,500,000 · Charles & Lanna Borom
Feb 23, 2005
$3,190,000
Vinod K Sharma
Wickersham,valerie
Grant Deed
$2,110,168 · County Bank
Jan 18, 2005
$470,000
Valerie Wickersham
Alliance Title Co
Trustees Deed
related
—
Mar 23, 2001
$2,340,000
San Joaquin Lodging INC
Santa Barbara Investors
Grant Deed
$2,216,000 · County Bank
Jul 18, 1985
$2,025,500
Santa Barbara Investors
—
Grant Deed
related
—
Jun 18, 1982
$650,000
—
—
Grant Deed
related
$950,000
—
—
In Santa Barbara
—
Deed Of Trust
related
$2,850,000 · Sumitomo Bank
—
—
Sjs Properties Group LLC
—
Deed Of Trust
related
$7,000,000 · Cit Lending Services Corp
—
—
San Joaquin Lodging INC
—
Deed Of Trust
related
$60,000 · Robert D & Colleen Wiginton
—
—
San Joaquin Lodgin INC
—
Deed Of Trust
related
$292,000 · Valerie J Wickersham
—
—
Ittleson Sjs Hotel LLC
—
Deed Of Trust
related
$50,000,000 · Capitalsource 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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