New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Apartment buildings
1797 Ave, Reedley, CA 93654-7053
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2109784
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Construction
WOOD
Total area
14,904 SF
Lot
0.61 ac (26,600 SF)
Zoning code
RM2
APN
370-440-17
UPID
US09-2109784
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
$2.18M
Blend (final)
Blend
$1.66M
Owner & transaction history
Keith Allen Holdings 2 LLC · 2 yrs held
Keith Allen Holdings 2 LLC
since 2023
7 recorded transactions
Zoning & alternative use
RM2 · Reedley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+33.2%
Auto repair, garage
$2.2M
+15.4%
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 Reedley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reedley 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
APARTMENT HOUSE (5+ UNITS)
$1,895,000
Current use
OFFICE BUILDING
$2,525,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,190,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,590,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$111 / 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
$29,260
Tax year 2023
Assessed value
$1,379,317
Assessed 2023
Previous assessed
$1,379,317
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$77,351
Assessed improvement
$1,301,966
Applied tax rate
8.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
16
Bathrooms
20
Total area
14,904 SF
Lot
0.61 ac (26,600 SF)
Zoning code
RM2
APN
370-440-17
UPID
US09-2109784
Jurisdiction
FRESNO
Zoning & alternative use
RM2 · Reedley, CA
Zoning RM2 · permitted uses
RM2 · Reedley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reedley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2012
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
16
Bathrooms
20
Lot
0.61 ac
Current owner
From public records · entity-resolved
Keith Allen Holdings 2 LLC
Entity
Mailing address
3 GOODRICH TRL, CARMEL, CA 93923-7723
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Kerth Allen Holdings LLC
—
Deed
related
$3,700,000 · Amentas Life Insurance Corp
Nov 16, 2023
—
Keith Allen Holdings 2 LLC
Paul K Quiring
Grant Deed
$2,000,000 · 1st Capital Bank
Nov 26, 2013
—
Quiring,p K & J P Family Trust
Quiring,paul
Quit Claim Deed
related
—
Aug 14, 2013
—
Keith Allen Holdings 2 LLC
Quiring,paul
Grant Deed
related
$2,480,000 · Security First Bank
Dec 31, 2008
—
Greg Quiring
Quiring,valerie
Quit Claim Deed
related
—
Dec 31, 2008
$250,000
Paul Quiring
Lennar Fresno INC
Grant Deed
—
Apr 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1797 Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
