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Property profile & analytics
OFF-MARKET
Estimated value
$8,375,000
Office buildings
1665 Ee St, Fresno, CA 93706-2025
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1509099
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
TILT-UP CONCRETE
Total area
74,628 SF
Lot
3.94 ac (171,626 SF)
Zoning code
IL
APN
465-121-20
UPID
US09-1509099
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
by Request
Comparable Approach
Comparable
$9.49M
Blend (final)
Blend
$8.38M
Owner & transaction history
Key Island LLC · 9 yrs held
Key Island LLC
since 2017
7 recorded transactions
Zoning & alternative use
IL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,860,000
Current use
AUTO REPAIR, GARAGE
$10,640,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,560,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±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
$112 / 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
$60,870
Tax year 2023
Assessed value
$4,752,718
Assessed 2023
Previous assessed
$4,752,718
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$613,534
Assessed improvement
$4,139,184
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
74,628 SF
Lot
3.94 ac (171,626 SF)
Zoning code
IL
APN
465-121-20
UPID
US09-1509099
Jurisdiction
FRESNO
Zoning & alternative use
IL · Fresno, CA
Zoning IL · permitted uses
IL · 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
OFFICE BUILDING Current
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
3.94 ac
Current owner
From public records · entity-resolved
Key Island LLC
Entity
Mailing address
CARLSBAD, CA 92011
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2018
—
Key Island LLC
—
Deed
related
$9,100,000 · Deutsche Bank
May 12, 2017
—
Key Island LLC
Dbsi State Offices LLC
Intrafamily Transfer
related
$4,119,000 · San Diego Private Bank
Mar 6, 2007
—
Weber D & S Family Trust
Daniel C Fessenden
Quit Claim Deed
related
—
Jan 16, 2004
$1,432,500
Daniel C Fessenden Co
Dbsi State Offices LLC
Grant Deed
—
Oct 16, 2003
—
Dbsi State Offices LLC
Cl Properties IV
Grant Deed
$6,000,000 · Umpqua Bank
Jan 10, 2001
$1,875,000
Cl Properties IV
Dvorak Trust
Grant Deed
$4,322,647 · Clovis Community Bank
May 21, 1999
—
Dvorak Trust
Dvorak,david S & Melissa K
Quit Claim Deed
related
—
Aug 10, 1990
$2,250,000
Dvorak,david S &
Equity Reserve
Trustees Deed
—
Aug 10, 1990
$1,527,000
Equity Reserve I
Fresno Office
Trustees Deed
related
—
—
—
Cl Properties IV
—
Deed Of Trust
related
$5,750,000 · General Electric Capital Busin
—
—
Dbsi State Ofices LLC
—
Deed Of Trust
related
$880,000 · Umpqua 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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