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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Office buildings
1601 7th St Sanger, CA 93657-2801
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-1881318
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
8,385 SF
Lot
0.9 ac (39,300 SF)
Zoning code
C2
APN
317-121-15
UPID
US09-1881318
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
$1.65M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.72M
Owner & transaction history
The American Legion Department Of C · 11 yrs held
The American Legion Department Of C
since 2015
7 recorded transactions
Zoning & alternative use
C2 · Sanger, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+84.0%
Restaurant
$1.8M
+25.8%
Medical building
$1.6M
+15.1%
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 Sanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanger 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%
$1,790,000
6.5%
$1,650,000
7%
$1,535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,420,000
Current use
COMMERCIAL (GENERAL)
$2,615,000
Change: +84% · Conversion: Easy
RESTAURANT
$1,790,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,635,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,230,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$205 / 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
$12,014
Tax year 2023
Assessed value
$978,528
Assessed 2023
Previous assessed
$978,528
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$449,440
Assessed improvement
$529,088
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1980
Construction
WOOD
Heating
NONE
Stories
2
Total area
8,385 SF
Lot
0.9 ac (39,300 SF)
Zoning code
C2
APN
317-121-15
UPID
US09-1881318
Jurisdiction
FRESNO
Zoning & alternative use
C2 · Sanger, CA
Zoning C2 · permitted uses
C2 · Sanger, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanger. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL 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
1980
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
The American Legion Department Of C
Entity
Mailing address
1601 7TH ST, SANGER, CA 93657-2801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
The American Legion
—
Deed
related
$600,000 · City National Bank
Jul 1, 2015
$860,000
The American Legion Department Of C
Madeline Chooljian
Grant Deed
$672,000 · Security First Bank
May 16, 2008
—
Madeline Chooljian
Chooljian,mehran
Affidavit Of Death
related
—
Jul 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 27, 2001
—
Chooljian Trust
Chooljian,mehran & Madeline
Quit Claim Deed
related
—
Aug 13, 1992
$1,075,000
Mehran Chooljian
Bank Fresno
Grant Deed
$675,000 · Seller
—
—
Chooljian,tr
—
Deed Of Trust
related
$365,000 · Westamerica Bank
—
—
Chooljian M Family Trust
—
Deed Of Trust
related
$792,000 · Westamerica 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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