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    2050 Fir Ave Fresno, CA 93720-0191
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    Property profile & analytics

    2050 Fir Ave, Fresno, CA 93720-0191

    View on Map
    • Apartment buildings
    • 35,000 SF
    • 3.18 lot acres
    Off-Market
    Property ID
    US09-2516474
    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.
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mariner's Park / Apartment Building / Apartment Complex

    Property Details for 2050 Fir Ave

    Year built
    1997
    Construction
    WOOD
    Lot size
    3.18 lot acres
    Zone code
    RM1
    Property type
    Apartment buildings
    APN
    404-300-21
    APU
    40430021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2022 — Gpi Mariners Park Investors — Deed · related $2.2M · Pnc Bank NA
    — — Gpi Mariners Park Investors — Deed Of Trust · related $2.1M · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,020,000
      Market price range: $2.71M - $6.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.747
    Latitude
    36.8396
    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
    $37,423
    $441,876
    $2,596,759
    $3,038,635
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $6,410,000
      79,970 SF

      7525 Willow Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $3,610,000
      37,974 SF

      1161 Shepherd Ave

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $15,740,000
      245,178 SF

      1050 Herndon Ave

      APARTMENT HOUSE (100+ UNITS)
      1050 Herndon Ave, Fresno, CA 93720-3152
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    • Value Estimation
      $2,180,000
      31,318 SF

      7178 Jackson Ave, Unit 101

      APARTMENT HOUSE (5+ UNITS)
      7178 Jackson Ave, Fresno, CA 93720-2733
      View Details
    • Value Estimation
      $22,015,000
      239,000 SF

      1700 Fir Ave, Unit 101

      APARTMENT HOUSE (100+ UNITS)
      1700 Fir Ave, Fresno, CA 93720-2711
      View Details
    • Value Estimation
      $8,905,000
      98,128 SF

      9143 Maple Ave

      APARTMENT HOUSE (5+ UNITS)
      9143 Maple Ave, Fresno, CA 93720-1406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,600 SF

      Multifamily Property with Five Units

      Multifamily property featuring five units.
      7089 N Howard St, Fresno, CA 93720
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      Turnkey five-unit apartment building in a desirable location.
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    • New
      $819,900
      4,032 SF

      Two-Structure 4-Unit Multifamily Property

      Four-unit multifamily on one lot with two structures, including several units with updated kitchens and baths.
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      7,923 SF

      Turnkey Office Space Available

      Well-designed office complex with ample parking and convenient location.
      7433 N 1St St, Fresno, CA 93720
      View Details
    • Contact for pricing
      2,268 SF

      Fresno Office Space For Sale

      Office space available in Fresno, California.
      7257 N Maple Ave, Fresno, CA 93720
      View Details
    • Contact for pricing

      Land in Fresno/Clovis Intersection

      Land near Fresno/Clovis rapid housing growth available for lease/buy.
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    Similar Nearby for Lease

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      3,441 SF

      Retail Space in Fresno, CA

      Retail space available within a luxury multi-family complex.
      2892 E Shepherd Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      1,496 SF

      Retail Space in High-End Apartments

      Retail space connected to 255 luxury multi-family units.
      2888 E Shepherd Ave, Fresno, CA 93720
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    • Contact for pricing
      3,136 SF

      Fresno Office Space For Rent

      3136 square feet of office space available for rent.
      30 River Park Pl W, Fresno, CA 93720
      View Details
    • Contact for pricing
      6,456 SF

      Fresno Office Space Available

      6,456 SF office space for rent in Fresno, CA.
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      View Details
    • Contact for pricing
      3,250 SF

      Fresno Street Office Space Available

      Office space for lease in a prominent Fresno location.
      7501 N Fresno St, Fresno, CA 93720
      View Details
    • Contact for pricing
      1,368 SF

      Retail Space Near River Park

      Retail space available near River Park shopping center and freeway.
      1085 E Herndon Ave, Fresno, CA 93720
      View Details
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    2050 Fir Ave
    Fresno, CA 93720-0191
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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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    2050 Fir Ave, Fresno, CA, 93720
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