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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Apartment buildings
2234 Dakota Ave Fresno, CA 93705-2666
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-3211205
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
WOOD
Total area
34,680 SF
Lot
4 ac (174,230 SF)
Zoning code
CC
APN
433-185-29
UPID
US09-3211205
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
-
Dakota Meadows Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$3.68M
Owner & transaction history
Meganova LP · 7 yrs held
Meganova LP
since 2019
7 recorded transactions
Zoning & alternative use
CC · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.5M
+46.4%
Auto repair, garage
$5.3M
+42.0%
Industrial (general)
$4.9M
+29.5%
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
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
APARTMENT HOUSE (5+ UNITS)
$3,765,000
Current use
OFFICE BUILDING
$5,510,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,345,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,875,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$3,650,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±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
$106 / 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
$45,570
Tax year 2023
Assessed value
$3,547,694
Assessed 2023
Previous assessed
$3,547,694
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$562,904
Assessed improvement
$2,984,790
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
1983
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
40
Bathrooms
56
Total area
34,680 SF
Lot
4 ac (174,230 SF)
Zoning code
CC
APN
433-185-29
UPID
US09-3211205
Jurisdiction
FRESNO
Zoning & alternative use
CC · Fresno, CA
Zoning CC · permitted uses
CC · 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
$3.8M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
40
Bathrooms
56
Lot
4 ac
Current owner
From public records · entity-resolved
Meganova LP
Entity
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
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
Mar 28, 2025
—
Meganova LP
—
Deed
related
$3,770,000 · Pacific Premier Bank
Dec 27, 2021
—
Meganova LP
—
Deed
related
$3,031,000 · Pacific Premier Bank
Jun 28, 2019
$3,325,000
Meganova LP
Ronald Wayne Howard
Grant Deed
$2,325,000 · Banc Of California NA
Jul 19, 2016
—
Ronald Wayne Howard
Ronald W Howard
Intrafamily Transfer
related
$1,400,000 · Jpmorgan Chase Bank NA
May 16, 2003
—
Howard,tr
Howard,ronald W & Patricia A
Quit Claim Deed
related
—
Nov 12, 2002
—
Howard,tr
Howard,ronald W & Patricia A
Quit Claim Deed
related
—
Nov 5, 2002
$256,500
Ronald W Howard
Dakota Meadows Apt LP
Grant Deed
—
Oct 21, 1983
$405,000
Dakota Meadows Apts Ltd Partnership
—
Grant Deed
related
—
Nov 13, 1979
—
—
—
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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