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Property profile & analytics
FOR LEASE
Flex space
2045 S Van Ness Ave Fresno, CA 93721
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0560175
For Lease
1 / 8
$7.80 SF/Yr
2045 S Van Ness Ave, Fresno, CA 93721
View Listing →
Property summary
AI-generated overview
This exceptional 25,140-square-foot industrial warehouse, located at 2045 S Van Ness Ave, Fresno, CA 93721, presents a significant opportunity for businesses seeking versatile space. Classified as a Class B property, this multi-tenant warehouse boasts a substantial 20-25-foot ceiling height, providing ample vertical storage capacity. The property features four 12x14 roll-up doors, ensuring efficient loading and unloading. A fully fenced perimeter and additional yard space offer secure outdoor storage or operational areas. Recent improvements significantly enhance the property's functionality and appeal. These upgrades include a brand-new asphalt surface, a completely new roof and gutters, and energy-efficient LED lighting throughout the interior and exterior. The interior includes a restroom facility, with the remaining space dedicated to warehouse operations. The property is zoned IH and is conveniently located near the cross streets of S East & E California Avenues. Electricity is provided by a 240-volt, 3-phase system. This property is available for sale or lease.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1945
Construction
TILT-UP CONCRETE
Total area
25,140 SF
Lot
1.21 ac (52,707 SF)
Zoning code
IH
APN
468-333-16
UPID
US09-0560175
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
-
Fresno Wholesales Big Box & Wholesale Store
-
E & G Food Distributors Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
South Van Ness Partners LLC · 1 yrs held
South Van Ness Partners LLC
since 2024
Last sale
$875,000
4 recorded transactions
Zoning & alternative use
IH · Fresno, 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 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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (Jul 23 2024)
Last sale anchor
$875k
Jul 23 2024
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
$35 / 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
$5,217
Tax year 2024
Assessed value
$390,459
Assessed 2024
Previous assessed
$390,459
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$149,082
Assessed improvement
$241,377
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
25,140 SF
Lot
1.21 ac (52,707 SF)
Zoning code
IH
APN
468-333-16
UPID
US09-0560175
Jurisdiction
FRESNO
Zoning & alternative use
IH · Fresno, CA
Zoning IH · permitted uses
IH · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
South Van Ness Partners LLC
Entity
Mailing address
2218 S VAN NESS AVE, FRESNO, CA 93721-3431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
—
South Van Ness Partners LLC
—
Deed
related
$1,475,000 · Tri Counties Bank
Oct 30, 2024
—
South Van Ness Partners LLC
South Van Ness Partners LLC
Deed
related
$1,350,000 · Pact Capital INC
Jul 23, 2024
$875,000
South Van Ness Partners LLC
Oelsner Commercial Properties
Grant Deed
$925,000 · Wilshire Quinn Income Fund LLC
Nov 25, 2002
$275,000
Oelsner Commercial Properties
Victor Leasing Co
Grant Deed
—
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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