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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Apartment buildings
2255 Shaw Ave Fresno, CA 93710-8203
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2555850
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
22,736 SF
Lot
0.99 ac (43,200 SF)
Zoning code
CMX
APN
430-090-30
UPID
US09-2555850
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
-
Ortiz Marketing LLC Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Cmh Shaw Terrace LLC · 8 yrs held
Cmh Shaw Terrace LLC
since 2017
7 recorded transactions
Zoning & alternative use
CMX · 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
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)
$3,670,000
Current use
AUTO REPAIR, GARAGE
$3,505,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$3,375,000
Change: -8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,195,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±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
$109 / 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
$26,933
Tax year 2023
Assessed value
$2,077,400
Assessed 2023
Previous assessed
$2,077,400
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$213,259
Assessed improvement
$1,864,141
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
1964
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
28
Bathrooms
28
Total area
22,736 SF
Lot
0.99 ac (43,200 SF)
Zoning code
CMX
APN
430-090-30
UPID
US09-2555850
Jurisdiction
FRESNO
Zoning & alternative use
CMX · Fresno, CA
Zoning CMX · permitted uses
CMX · 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
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
28
Bathrooms
28
Lot
0.99 ac
Current owner
From public records · entity-resolved
Cmh Shaw Terrace LLC
Entity
Mailing address
294 PARSONS AVE, VENTURA, CA 93003-1916
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
$1,900,000
Cmh Shaw Terrace LLC
Dale M Johnson
Grant Deed
$1,520,000 · Dougherty Mortgage LLC
Feb 28, 2007
—
Dale M Johnson
Johnson,dale M
Quit Claim Deed
related
$800,000 · Citibank NA
Aug 6, 2003
—
Dale M Johnson
Johnson,dale M
Quit Claim Deed
related
$710,000 · Citibank West Fsb
Jul 18, 1994
—
Johnson Trust
Johnson,harry &
Quit Claim Deed
related
—
Jul 12, 1993
—
Armstrong Crossing LP Clovis
—
Grant Deed
related
$130,100 · Regency Bank
May 14, 1992
$950,000
Dale M Johnson
Fech INC
Grant Deed
$710,000 · Home Savings Of America
Oct 31, 1991
$1,100,000
Ashwood Const Co
Dice,anne
Trustees Deed
—
Oct 31, 1991
$1,975,000
Clovis,armstrong
Ashwood Const Co
Trustees Deed
—
May 9, 1989
$140,500
Romano James A
Kossaras,nick T
Grant Deed
related
—
May 9, 1989
—
Romano,james A &
—
Trustees Deed
related
—
—
—
Romano James A
—
Deed Of Trust
related
$130,000 · Herald Investment Co
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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