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Property profile & analytics
OFF-MARKET
Turn key restaurants
2111 Blackstone Ave Fresno, CA 93703-2109
Individually Owned
7-yr Hold
Free & Clear
Property ID
US09-2431515
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
WOOD
Total area
3,600 SF
Lot
1.24 ac (54,000 SF)
Zoning code
NMX
APN
444-173-15
UPID
US09-2431515
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
-
Jenna Towing & Roadside Auto Repair Shop
-
Procure Canada Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard Fong · 7 yrs held
Richard Fong
since 2019
7 recorded transactions
Zoning & alternative use
NMX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,653
Tax year 2023
Assessed value
$348,463
Assessed 2023
Previous assessed
$348,463
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$225,161
Assessed improvement
$123,302
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,600 SF
Lot
1.24 ac (54,000 SF)
Zoning code
NMX
APN
444-173-15
UPID
US09-2431515
Jurisdiction
FRESNO
Zoning & alternative use
NMX · Fresno, CA
Zoning NMX · permitted uses
NMX · 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
1970
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Richard Fong
Individual
Free & Clear · 7 yrs held
Mailing address
1780 E MCKINLEY AVE, FRESNO, CA 93703-2901
Ownership since
2019
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 22, 2022
—
Avedis A Terzian
—
Deed
related
$1,295,000 · Home Hold Finance LLC
Mar 29, 2019
—
Richard Fong
Mak,pearl W K
Quit Claim Deed
related
—
Mar 29, 2019
$325,000
Investment Granett Trust
Mmf Blackstone INC
Grant Deed
—
Apr 5, 2016
—
Mmf Blackstone INC
Fong,richard
Quit Claim Deed
related
—
May 1, 2002
—
Richard L Fong
Fong Trust
Quit Claim Deed
related
—
Dec 31, 1996
—
Fong Trust
Fong,lee
Quit Claim Deed
related
—
Feb 1, 1994
$370,000
Fong Trust
Kushner White As
Grant Deed
—
May 30, 1990
$334,700
Kushner White Associates
Unknown
Grant Deed
—
Dec 18, 1986
$83,000
—
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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