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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
216 Merced St Fowler, CA 93625-2500
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-3530049
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
4,784 SF
Lot
0.52 ac (22,500 SF)
Zoning code
C2
APN
343-131-06
UPID
US09-3530049
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
-
Quiznos Take-out & Catering
-
Little Caesars Pizza Restaurant
-
Starbucks Cafe & Coffee Shop
-
Bank of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$815k
Owner & transaction history
Marderosian Family LP · 13 yrs held
Marderosian Family LP
since 2013
7 recorded transactions
Zoning & alternative use
C2 · Fowler, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$935,000
+81.2%
Office building
$810,000
+57.4%
Auto repair, garage
$700,000
+36.4%
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 Fowler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fowler 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%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
RETAIL STORES
$515,000
Current use
MEDICAL BUILDING
$935,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$170 / 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
$10,777
Tax year 2023
Assessed value
$923,207
Assessed 2023
Previous assessed
$923,207
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$213,045
Assessed improvement
$710,162
Applied tax rate
4.0000
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
2007
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,784 SF
Lot
0.52 ac (22,500 SF)
Zoning code
C2
APN
343-131-06
UPID
US09-3530049
Jurisdiction
FRESNO
Zoning & alternative use
C2 · Fowler, CA
Zoning C2 · permitted uses
C2 · Fowler, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fowler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$515,000
MEDICAL BUILDING
Est. value
$935,000
OFFICE BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$700,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2007
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Marderosian Family LP
Entity
Mailing address
416 ES AVE, FOWLER, CA 93625-2813
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2019
—
Marderosian Family LP
—
Grant Deed
related
$5,300,000 · Wells Fargo Bk
Mar 15, 2013
—
Marderosian Family LP
Jmm Ents INC
Grant Deed
—
Mar 13, 2013
—
Chelsea M Marderosian
Marderosian,martin J & Michelle A
Quit Claim Deed
related
—
Dec 27, 2012
—
Martin J Marderosian
Marderosian Family Trust
Quit Claim Deed
related
—
Jun 7, 2005
$250,000
Marderosian Family Trust
Hovsepian Eddie Trust
Grant Deed
—
Nov 13, 1998
—
Eddie Hovsepian
Hovsepian,eddie
Quit Claim Deed
related
—
Jul 12, 1979
$45,000
Hovsepian,eddie Trust
Hovsepian,eddie
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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