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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Medical Office Space
1515 Shaw Ave 101 Fresno, CA 93711-3514
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0078758
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
WOOD
Total area
4,314 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CMX
APN
425-031-26
UPID
US09-0078758
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
-
All Kids Dental - Fresno Dental Office
-
JD Brows Medical Clinic Skin Care Clinic
-
Design Crowns Dental Lab Dental Office
-
PhiAcademy in USA Vocational School Training Center
-
Dr. Nabeel A. Joseph, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$785k
Owner & transaction history
St Patrick Building LLC · 5 yrs held
St Patrick Building LLC
since 2021
Last sale
$781,000
7 recorded transactions
Zoning & alternative use
CMX · 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
$755,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$865,000
Current use
OFFICE BUILDING
$855,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $781k (May 25 2021)
Last sale anchor
$781k
May 25 2021
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
$182 / 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
$10,443
Tax year 2023
Assessed value
$812,552
Assessed 2023
Previous assessed
$812,552
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$234,090
Assessed improvement
$578,462
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
1967
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Bathrooms
2
Total area
4,314 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CMX
APN
425-031-26
UPID
US09-0078758
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
MEDICAL BUILDING Current
Est. value
$865,000
OFFICE BUILDING
Est. value
$855,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
1967
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
St Patrick Building LLC
Entity
Mailing address
196 N THURSTON AVE, LOS ANGELES, CA 90049-2422
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$781,000
St Patrick Building LLC
Nabeel A Joseph
Grant Deed
$681,000 · Nabeel A Joseph Etux
Jan 14, 2005
—
Nabeel A Joseph
Nabeel A Joseph
Intrafamily Transfer
related
$396,000 · Us Bank NA
Feb 21, 2003
$124,000
Nabil Rezk
Murtagh,tr
Grant Deed
related
—
Feb 21, 2003
—
Nabil Rezk
Murtagh,tr
Grant Deed
related
—
May 14, 1987
$315,000
Murtagh Bart G
Boughton,robert L JR
Grant Deed
—
—
—
Nabeel A Joseph
—
Deed Of Trust
related
$419,505 · Us Bank NA
—
—
Murtagh Bart G
—
Deed Of Trust
related
$300,000 · Glendale Federal 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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