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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail space
1741 Van Ness Ave Fresno, CA 93721
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2959952
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Construction
TILT-UP CONCRETE
Total area
3,000 SF
Lot
0.17 ac (7,500 SF)
Zoning code
DTN
APN
466-134-04
UPID
US09-2959952
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
-
Smoothiez Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Shumway Investments LLC · 3 yrs held
Shumway Investments LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
DTN · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The DTC District will foster the enhancement of Fresno's business, shopping, and cultural heart by guiding the development of the densest, most active, and most interesting mixed-use urban center in the region.
Zone name
Downtown Neighborhood
General category
MIXED_USE
Zone area
357.32 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.0M
+287.3%
Medical building
$605,000
+124.1%
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 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
$810,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,040,000
Change: +287% · Conversion: Easy
MEDICAL BUILDING
$605,000
Change: +124% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $1.04M (May 16 2023)
Last sale anchor
$1.04M
May 16 2023
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
$270 / 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
$1,200
Tax year 2023
Assessed value
$120,139
Assessed 2023
Previous assessed
$120,139
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$40,987
Assessed improvement
$79,152
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
0.17 ac (7,500 SF)
Zoning code
DTN
APN
466-134-04
UPID
US09-2959952
Jurisdiction
FRESNO
Zoning & alternative use
DTN · Fresno, CAZoning DTN · permitted uses
DTN · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The DTC District will foster the enhancement of Fresno's business, shopping, and cultural heart by guiding the development of the densest, most active, and most interesting mixed-use urban center in the region.
Zone name
Downtown Neighborhood
General category
MIXED_USE
Zone area
357.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$605,000
COMMERCIAL (GENERAL)
MEDICAL 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
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Shumway Investments LLC
Entity
Mailing address
224 PONTIUS AVE N APT #104, SEATTLE, WA 98109-5493
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
$1,035,000
Shumway Investments LLC
Pietro De Santis
Grant Deed
$650,000 · Bmo Harris Bank NA
Aug 23, 2019
—
Pietro De Santis
—
Deed
related
$231,000 · Silver Hill Financial LLC
Feb 28, 2019
—
Pietro De Santis
—
Deed
related
$350,000 · Freespool Invs LLC
Jun 18, 2015
—
Pietro De Santis
De Santis Pat & Carmela
Quit Claim Deed
related
—
Mar 12, 2004
—
Pat De Santis
De Santis,pat & Carmela
Quit Claim Deed
related
—
Mar 11, 2004
$177,000
Pat De Santis
Evans,ivan Est
Grant Deed
—
Mar 24, 1998
$54,000
Ivan Evans
La Canada Holding Co INC
Grant Deed
—
Sep 19, 1997
$45,000
La Canada Holding Company INC
Alto Real Estate INC
Grant Deed
—
—
—
Pietro De Santis
—
Deed Of Trust
related
$350,000 · Freespool Invs LLC
—
—
Pietro De Santis
—
Deed Of Trust
related
$550,000 · Pat & Camila De Santis
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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