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Property profile & analytics
OFF-MARKET
Estimated value
$8,215,000
Warehouses
2059 Olson Ave Reedley, CA 93654
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3266078
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
68,550 SF
Lot
12.58 ac (547,984 SF)
Zoning code
MP
APN
370-350-20
UPID
US09-3266078
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
$10.35M
Blend (final)
Blend
$8.22M
Owner & transaction history
Maxco Supply INC · 1 yrs held
Maxco Supply INC
since 2025
1 recorded transaction
Zoning & alternative use
MP · Reedley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of MP district is to provide a wider variety of land uses that are more land intensive manufacturing uses than allowed in the ML Zone District and appropriate for light industrial and manufacturing, warehousing, offices, and assembly uses, Land uses allowed in the ML zone will not create objectionable noise, smoke, odor, dust, noxious gases, glar…
Zone name
Planned Industrial District
General category
INDUSTRIAL
Zone area
65.57 ac
Source
Realmo
Top alternative use upside
Medical building
$13.4M
+111.1%
Office building
$11.6M
+83.4%
Auto repair, garage
$10.1M
+58.9%
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 Reedley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reedley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,335,000
Current use
MEDICAL BUILDING
$13,370,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$11,615,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,065,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,720,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,305,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$8.22M
Range $7.39M – $9.04M · ±10%
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
$120 / 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
$141,284
Tax year 2024
Assessed value
$10,629,061
Assessed 2024
Previous assessed
$10,629,061
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$473,904
Assessed improvement
$10,155,157
Applied tax rate
8.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
68,550 SF
Lot
12.58 ac (547,984 SF)
Zoning code
MP
APN
370-350-20
UPID
US09-3266078
Jurisdiction
FRESNO
Zoning & alternative use
MP · Reedley, CAZoning MP · permitted uses
MP · Reedley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of MP district is to provide a wider variety of land uses that are more land intensive manufacturing uses than allowed in the ML Zone District and appropriate for light industrial and manufacturing, warehousing, offices, and assembly uses, Land uses allowed in the ML zone will not create objectionable noise, smoke, odor, dust, noxious gases, glare, heat, vibration, or industrial wastes
Zone name
Planned Industrial District
General category
INDUSTRIAL
Zone area
65.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$13.4M
OFFICE BUILDING
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
12.58 ac
Current owner
From public records · entity-resolved
Maxco Supply INC
Entity
Mailing address
PO BOX 814, PARLIER, CA 93648-0814
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Maxco Supply INC
—
Deed
related
$250,000 · Wells Fargo Bank NA
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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