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Property profile & analytics
OFF-MARKET
Estimated value
$5,390,000
Manufacturing properties
1888 Ave Fresno, CA 93721-3231
Entity Owned
Free & Clear
Property ID
US09-1394952
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Year built
1990
Construction
TILT-UP CONCRETE
Total area
314,915 SF
Lot
14.12 ac (615,067 SF)
Zoning code
IH
APN
468-040-06S
UPID
US09-1394952
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
$5.39M
Owner & transaction history
Charles Matoian Enterprises INC
Charles Matoian Enterprises INC
since 2025
6 recorded transactions
Zoning & alternative use
IH · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IH district is intended to accommodate the broadest range of industrial uses on sites identified in the General Plan. It includes manufacturing, assembly, wholesaling, distribution, and storage activities that are essential to the development of a balanced economic base. Small-scale commercial services and ancillary office uses are also permitted.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,925.30 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$262,570
Tax year 2024
Assessed value
$20,538,309
Assessed 2024
Previous assessed
$20,538,309
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,187,219
Assessed improvement
$19,351,090
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
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
314,915 SF
Lot
14.12 ac (615,067 SF)
Zoning code
IH
APN
468-040-06S
UPID
US09-1394952
Jurisdiction
FRESNO
Zoning & alternative use
IH · Fresno, CAZoning IH · permitted uses
IH · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IH district is intended to accommodate the broadest range of industrial uses on sites identified in the General Plan. It includes manufacturing, assembly, wholesaling, distribution, and storage activities that are essential to the development of a balanced economic base. Small-scale commercial services and ancillary office uses are also permitted.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,925.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
14.12 ac
Current owner
From public records · entity-resolved
Charles Matoian Enterprises INC
Entity
Free & Clear · 0 yrs held
Mailing address
1888 SE AVE, FRESNO, CA 93721-3231
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Charles Matoian Enterprises INC
Charlies Enterprises INC
Deed
related
—
Jan 30, 2018
$386,500
Charlies Ents
Redevelopment Agency Of The City Of The Fresno
Grant Deed
—
Aug 15, 2014
$11,325,000
Charlies Ents INC
Endsley Fresno Properties LP
Grant Deed
—
Oct 28, 2008
$133,000
Endsley Fresno Properties LP
Dermody Properties
Grant Deed
$8,775,000 · Wells Fargo Bank NA
Feb 17, 2000
—
Dermody Family LP
Dermody,john A & Martha S
Quit Claim Deed
related
—
—
—
Endsley Fresno Properties LP
—
Loan Modification
related
$7,912,381 · Wells Fargo Bk
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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