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Property profile & analytics
OFF-MARKET
Medical Office Space
1850 Floral Ave Selma, CA 93662-2808
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0340291
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
2,530 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C1
APN
358-220-45
UPID
US09-0340291
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fs Capital LLC · 3 yrs held
Fs Capital LLC
since 2022
Last sale
$473,000
7 recorded transactions
Zoning & alternative use
C1 · Selma, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,190
Tax year 2023
Assessed value
$472,800
Assessed 2023
Previous assessed
$472,800
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$180,000
Assessed improvement
$292,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
2,530 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C1
APN
358-220-45
UPID
US09-0340291
Jurisdiction
FRESNO
Zoning & alternative use
C1 · Selma, CA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Fs Capital LLC
Entity
Mailing address
3120 WILLOW AVE #101, CLOVIS, CA 93612-4714
Ownership since
2022
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
Dec 9, 2022
$473,000
Fs Capital LLC
Shin Ent Properties LLC
Grant Deed
—
May 24, 2018
—
Shin Ent Properties LLC
—
Deed
related
$134,000 · Southland Economic Dev
Dec 21, 2017
—
Shin Ent Properties LLC
—
Deed
related
$125,000 · Fresno First Bank
Dec 4, 2017
$320,000
Shin Ent Properties LLC
Mark P Lungren
Grant Deed
$160,000 · Fresno First Bank
May 6, 2015
—
Mark P Lungren
Lungren Angela
Quit Claim Deed
related
$285,450 · Bank Of The Sierra
Dec 18, 2008
—
Mark P Lungren
Floral Avenue Medical Ctr LLC
Grant Deed
—
Dec 15, 2006
—
Floral Avenue Medical Center
Lungren,mark
Grant Deed
—
Mar 11, 2005
$350,000
Mark Lungren
Keith B Butterfield
Grant Deed
—
—
—
Shin Ent Properties LLC
—
Deed Of Trust
related
$159,900 · Fresno First Bk
—
—
Shin Ent Properties LLC
—
Deed Of Trust
related
$134,000 · Southland Economic Dev
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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