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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
20937 Malsbary St Riverdale, CA 93656
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-3820547
Property summary
AI-generated overview
This exceptional 7,770 square foot commercial retail space is available for lease in the thriving Riverdale community. Situated on a 0.24-acre lot at 20937 S Malsbary Street, this property boasts a prime location with unparalleled visibility and high traffic volume, making it perfect for a wide range of businesses. The surrounding area is densely populated and features a diverse mix of amenities, including a bank, gas station, apartment complexes, an auto repair shop, supermarket, schools, churches, party halls, and car dealerships. This ensures a steady stream of potential customers and a strong local market. The property's size and location offer significant opportunities for businesses seeking a prominent presence in a vibrant and convenient neighborhood. The lease terms are designed for ease and flexibility, making this an attractive option for entrepreneurs and established businesses alike. Don't miss this chance to secure a retail space in a high-demand area with exceptional potential for growth and success. Inquire today to learn more about lease terms and availability.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
TILT-UP CONCRETE
Total area
7,770 SF
Lot
0.24 ac (10,500 SF)
Zoning code
C4
APN
053-317-13
UPID
US09-3820547
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
$620k
Blend (final)
Blend
$790k
Owner & transaction history
Saleh Qasem · 8 yrs held
Saleh Qasem
since 2017
7 recorded transactions
Zoning & alternative use
C4 · Riverdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+57.4%
Auto repair, garage
$1.1M
+36.4%
Apartment house (5+ units)
$990,000
+18.2%
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 Riverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverdale 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
RETAIL STORES
$835,000
Current use
OFFICE BUILDING
$1,315,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,140,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$990,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$830,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$102 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,567
Tax year 2023
Assessed value
$328,091
Assessed 2023
Previous assessed
$328,091
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$43,744
Assessed improvement
$284,347
Applied tax rate
170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,770 SF
Lot
0.24 ac (10,500 SF)
Zoning code
C4
APN
053-317-13
UPID
US09-3820547
Jurisdiction
FRESNO
Zoning & alternative use
C4 · Riverdale, CA
Zoning C4 · permitted uses
C4 · Riverdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$835,000
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$830,000
RETAIL STORES Current
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
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Saleh Qasem
Individual
Mailing address
21282 S MARKS AVE, RIVERDALE, CA 93656-9408
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Mukhtar Shaibi
—
Deed
related
$2,070,000 · Mid Valley Services INC
Dec 19, 2017
—
Saleh Qasem
Mohamed,adwaa
Quit Claim Deed
related
$200,000 · Ravinder P Thapar
Dec 19, 2017
$300,000
Mukhtar Shaibi
Thapar,ravinder P
Grant Deed
—
May 16, 2014
$200,000
Ravinder P Thapar
Pdy Ents INC
Grant Deed
—
Mar 14, 2008
$400,000
Pdy Ents INC
Motley,david & Karen M
Grant Deed
—
Jun 26, 2006
$400,000
David Motley
Kim,george & Jung I
Grant Deed
—
Nov 16, 2005
$450,000
George Kim
Gong Robert 1996 Trust
Grant Deed
$450,000 · Gong Robert 1996 Trust 006329
Jul 23, 1996
—
Gong Trust
Gong,florence F & Florence F
Quit Claim Deed
related
—
—
—
Pdy Ents INC
—
Deed Of Trust
related
$199,000 · Borrego Springs Bank
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.
Try Rey
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