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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
1589 Fruit Ave Fresno, CA 93728-1405
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2143458
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1973
Construction
WOOD
Total area
1,750 SF
Lot
0.19 ac (8,100 SF)
Zoning code
CC
APN
450-044-03
UPID
US10-2143458
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
-
Sunrise Market liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$530k
Owner & transaction history
Gurmeet Singh And Raj Kaur · 1 yrs held
Gurmeet Singh And Raj Kaur
since 2025
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
CC · 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
$525,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $630k (Mar 4 2025)
Last sale anchor
$630k
Mar 4 2025
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
$303 / 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
$6,627
Tax year 2023
Assessed value
$510,000
Assessed 2023
Previous assessed
$510,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$102,000
Assessed improvement
$408,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,750 SF
Lot
0.19 ac (8,100 SF)
Zoning code
CC
APN
450-044-03
UPID
US10-2143458
Jurisdiction
FRESNO
Zoning & alternative use
CC · Fresno, CA
Zoning CC · permitted uses
CC · 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
1973
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Gurmeet Singh And Raj Kaur
Individual
Mailing address
1148 CARY AVE, WILMINGTON, CA 90744-3508
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
$630,000
Gurmeet Singh And Raj Kaur
Rakan Abdulnour
Grant Deed
$1,000,000 · Pcb Bank
Apr 28, 2022
$500,000
Rakan Abdulnour
Avtar S Bains
Grant Deed
$350,000 · The Avtar And Balwinder Bains Famil
May 11, 2016
—
Avtar S Bains
—
Deed
related
$160,000 · Wells Fargo Bank NA
May 30, 2008
$400,000
Avtar S Bains
Borello Family Trust
Grant Deed
$275,000 · Bank Of America
Jul 18, 2007
—
Borello Family Trust
Borello Family Trust
Quit Claim Deed
related
—
Jun 12, 2007
—
Borello Family Trust
Borello,nancy F
Affidavit Of Death
related
—
Dec 3, 2002
$110,000
Borello,tr
Tambelini,tr
Grant Deed
—
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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