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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2023 Van Ness Blvd Fresno, CA 93704-6014

    • Office buildings
    • 1,679 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    8.9%
    Office buildings
    Location Intelligence
    Property ID
    US09-3389348
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ockey E Golden DC / Chiropractor
    • Mr. Larry Tsutsui / Chiropractor / Practitioner Service Location
    • Larry Masuo Tsutsui / Chiropractor

    Property Details for 2023 Van Ness Blvd

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    1,679 SF
    Zone code
    CMS
    Property type
    Office buildings
    APN
    444-143-07
    APU
    44414307

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $214,000
      Market price range: $150k - $384k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $265,000
      Current use
      MEDICAL BUILDING
      $335,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $260,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.804
    Latitude
    36.769
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,111
    $35,504
    $119,368
    $154,872
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $620,000
      18,356 SF

      555 Shaw Ave

      OFFICE BUILDING • 18,356 SF
      555 Shaw Ave, Fresno, CA 93704-2517
      View Details
    • Value Estimation
      $460,000
      10,064 SF

      726 Barstow Ave Ste, Unit 101

      OFFICE BUILDING • 10,064 SF
      726 Barstow Ave Ste, Fresno, CA 93704-1955
      View Details
    • Value Estimation
      $270,000
      1,040 SF

      1616 Shields Ave

      OFFICE BUILDING • 1,040 SF
      1616 Shields Ave, Fresno, CA 93704-5141
      View Details
    • Value Estimation
      $495,000
      14,617 SF

      1617 Saginaw Way

      OFFICE BUILDING • 14,617 SF
      1617 Saginaw Way, Fresno, CA 93704-4458
      View Details
    • Value Estimation
      $290,000
      1,845 SF

      2811 Wishon Ave

      OFFICE BUILDING • 1,845 SF
      2811 Wishon Ave, Fresno, CA 93704-5572
      View Details
    • Value Estimation
      $510,000
      5,335 SF

      6435 Palm Ave Ste, Unit 101

      OFFICE BUILDING • 5,335 SF
      6435 Palm Ave Ste, Fresno, CA 93704-1086
      View Details

    Similar Nearby for Sale

    • $675,000
      8,219 SF

      Freestanding Central Fresno Office Building

      Efficient office/retail building with SBA owner/user opportunity.
      2965-2977 N Maroa Ave, Fresno, CA 93704
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    • $675,000
      8,219 SF

      Fresno Office Building Investment

      Multi-tenant office building, high ROI potential.
      2971 Maroa Ave, Fresno, CA 93704
      View Details
    • $2,950,000
      14,400 SF

      North Fresno Medical Office Building

      Prime Medical Office Space, High Visibility
      6335 Fresno St, Fresno, CA 93704
      View Details
    • $3,500,000
      21,208 SF

      Shaw Avenue Office Building

      Prime Fresno Office Space, 21,208 SF
      191 Shaw Ave, Fresno, CA 93704
      View Details
    • $595,000
      3,900 SF

      Fresno Multifamily Value-Add

      Five-unit apartment complex, high potential.
      2118 Glenn Ave, Fresno, CA 93704
      View Details
    • $425,000
      1,736 SF

      Remodeled Fresno Home with Upgrades

      Updated Fresno home featuring remodeled kitchen, updated bathrooms, and private patio.
      6300 N Palm Ave, Fresno, CA 93704
      View Details

    Similar Nearby for Lease

    • $1.85 SF/Yr

      Renovated Class A Office Center

      Premier Fresno office complex with recent renovations and convenient location.
      6715 N Palm Ave, Fresno, CA 93704
      View Details
    • Contact for pricing
      2,199 SF

      Renovated Office Space For Lease

      High-image office building with suites available in prime location.
      770 E Shaw Ave, Fresno, CA 93704
      View Details
    • $1.85 SF/Yr

      Renovated Class A Fresno Center

      Class A mixed-use complex with recent renovations and prime location.
      6795 N Palm Ave, Fresno, CA 93704
      View Details
    • $25 SF/Yr
      697 SF

      Executive Suites, Fresno, CA

      Prime Fresno Office Space Available
      790 Shaw Ave, Fresno, CA 93704
      View Details
    • $16 SF/Yr
      41,010 SF

      Prime Fresno Office Space

      Multiple Suites Available, 490-1200 SF
      5151 Palm Ave, Fresno, CA 93704
      View Details
    • $1.50 SF/Yr
      1,360 SF

      Office Space with Shaw Avenue Exposure

      Office space for rent with excellent exposure and parking.
      600 W Shaw Ave, Fresno, CA 93704
      View Details
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    Fresno, CA 93704-6014
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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