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Property profile & analytics
OFF-MARKET
Estimated value
$11,410,000
Apartment buildings
220 Callisch Ave Fresno, CA 93721-1538
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1542544
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
74,594 SF
Lot
3.45 ac (150,282 SF)
Zoning code
RS5
APN
468-390-50
UPID
US09-1542544
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
$10.02M
CAP Approach
CAP
$13.17M
Comparable Approach
Comparable
$13.44M
Blend (final)
Blend
$11.41M
Owner & transaction history
Giganova LP · 4 yrs held
Giganova LP
since 2022
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
RS5 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.5M
+83.5%
Medical building
$15.0M
+56.9%
Auto repair, garage
$11.5M
+20.4%
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 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
Method
Estimation
Statistic approach
$11,835,000
ML approach
$10,020,000
CAP Approach
CAP Return
Estimation
6%
$14,265,000
6.5%
$13,170,000
7%
$12,225,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,555,000
Current use
RESTAURANT
$17,540,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$14,995,000
Change: +57% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,500,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$10,670,000
Change: +12% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,490,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$11.41M
Range $10.27M – $12.55M · ±10% · vs last sale $10.00M (Jun 13 2022)
Last sale anchor
$10.00M
Jun 13 2022
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
$153 / 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
$130,842
Tax year 2023
Assessed value
$10,188,800
Assessed 2023
Previous assessed
$10,188,800
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$612,000
Assessed improvement
$9,576,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
76
Bathrooms
88
Total area
74,594 SF
Lot
3.45 ac (150,282 SF)
Zoning code
RS5
APN
468-390-50
UPID
US09-1542544
Jurisdiction
FRESNO
Zoning & alternative use
RS5 · Fresno, CA
Zoning RS5 · permitted uses
RS5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.6M
RESTAURANT
Est. value
$17.5M
MEDICAL BUILDING
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$11.5M
OFFICE BUILDING
Est. value
$10.7M
INDUSTRIAL (GENERAL)
Est. value
$10.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1968
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
76
Bathrooms
88
Lot
3.45 ac
Current owner
From public records · entity-resolved
Giganova LP
Entity
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$10,000,000
Giganova LP
The Reserve Apartmenthomes Fresno L
Grant Deed
$50,000 · Banc Of California NA
Oct 29, 2018
—
Reserve Apt Hms Fresno LLC
—
Deed
related
$5,690,000 · Kinecta FCU
Aug 1, 2017
—
Reserve Apt Homes Fresno LLC
—
Deed
related
$4,600,000 · Other Institutional Lenders
Nov 2, 2016
—
Reserve Apartment Homes Fresno
Reserve LLC
Quit Claim Deed
$4,350,000 · Southland Equities LLC
Nov 1, 2002
—
Reserve LLC
Portfolio Apartment LLC
Grant Deed
$650,000 · Business Bank Of California
Apr 1, 1991
$1,500,000
John Hovannisian
Cal Fed Bank
Grant Deed
$1,200,000 · Seller
Dec 26, 1990
$1,464,071
Cal Fed Bank
Mcdonald,dennis
Trustees Deed
related
—
—
—
Reserve Apt Hms Fresno LLC
—
Deed Of Trust
related
$5,690,000 · Kinecta FCU
—
—
Reserve Apt Homes Fresno LLC
—
Loan Modification
related
$4,600,000 · Other Institutional Lenders
—
—
Reserve LLC
—
Deed Of Trust
related
$1,440,000 · Patriot Investments
—
—
Reserve LLC
—
Deed Of Trust
related
$600,000 · Patriot Investments
—
—
Reserve LLC
—
Deed Of Trust
related
$100,000 · Autumn Circle LP
—
—
Reserve LLC
—
Deed Of Trust
related
$4,050,000 · United Commercial 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.
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