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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Apartment buildings
1650 Floral Ave Selma, CA 93662-2860
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-3164387
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
27,426 SF
Lot
1.88 ac (81,892 SF)
Zoning code
R-1
APN
358-220-12
UPID
US10-3164387
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
$5.14M
CAP Approach
CAP
$5.34M
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$5.21M
Owner & transaction history
Selma Apartments 1 LLC · 1 yrs held
Selma Apartments 1 LLC
since 2025
7 recorded transactions
Zoning & alternative use
R-1 · Selma, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+145.1%
Restaurant
$5.8M
+67.6%
Medical building
$5.4M
+53.4%
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 Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma 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
$5,170,000
ML approach
$5,135,000
CAP Approach
CAP Return
Estimation
6%
$5,780,000
6.5%
$5,335,000
7%
$4,955,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,490,000
Current use
COMMERCIAL (GENERAL)
$8,550,000
Change: +145% · Conversion: Moderate
RESTAURANT
$5,845,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$5,350,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$4,645,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,025,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±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
$190 / 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
$39,334
Tax year 2023
Assessed value
$2,271,127
Assessed 2023
Previous assessed
$2,271,127
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$625,804
Assessed improvement
$1,645,323
Applied tax rate
11.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
38
Bathrooms
38
Total area
27,426 SF
Lot
1.88 ac (81,892 SF)
Zoning code
R-1
APN
358-220-12
UPID
US10-3164387
Jurisdiction
FRESNO
Zoning & alternative use
R-1 · Selma, CA
Zoning R-1 · permitted uses
R-1 · Selma, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$8.6M
RESTAURANT
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) 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
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
38
Bathrooms
38
Lot
1.88 ac
Current owner
From public records · entity-resolved
Selma Apartments 1 LLC
Entity
Mailing address
1650 FLORAL AVE, SELMA, CA 93662-2860
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
Selma Apartments 1 LLC
Seima Apartments 1 LLC
Grant Deed
$4,485,000 · Regions Bank
Dec 24, 2024
—
Selma Apartments 1 LLC
Aaf Consultants INC
Deed
related
—
Jul 20, 2022
$4,700,000
Selma Apartments 1 LLC
Aaf Consultants INC
Grant Deed
$3,087,500 · Western Adventist Foundation
Jan 22, 2016
$2,000,000
Aaf Consultants INC
Sak Management LLC
Grant Deed
$1,500,000 · Bank Of Whittier
Oct 28, 2013
—
Sak Management LLC
Kaiuum Sheikh A
Quit Claim Deed
related
—
Sep 25, 2013
—
Sak Management LLC
Kaiuum,sheikh A
Quit Claim Deed
related
—
Apr 2, 2007
—
Kaiuum Sheikh A Living Trust
Kaiuum,sheikh A
Quit Claim Deed
related
—
Aug 2, 2006
—
Sheikh A Kaiuum
Kaiuum,jaibul N
Quit Claim Deed
related
—
Aug 2, 2006
$2,450,000
Sheikh A Kaiuum
Westbrook E C & M V Trust
Grant Deed
$1,680,000 · East West Bank
Feb 17, 2006
—
Ernest C Westbrook
Westbrook,mignona V
Affidavit Of Death
related
—
Oct 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 12, 1986
—
Westbrook,ernest C & Mignona V Trust
Westbrook,ernest & M
Quit Claim Deed
related
—
Nov 7, 1986
—
—
—
Grant Deed
related
—
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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