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Property profile & analytics
OFF-MARKET
Estimated value
$5,460,000
Flex space
2301 Belmont Ave Fresno, CA 93728-2541
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5188919
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
WOOD
Total area
29,860 SF
Lot
20.12 ac (876,427 SF)
Zoning code
M3
APN
458-020-68
UPID
US09-5188919
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
-
SK Truck & Trailer Repair Auto Repair Shop
-
American Truck Trailer Repair Auto Repair Shop
-
GS Chouhan LLC Main Building Property Management Company
-
Prime medical transport LLC Ambulance Service
-
SS DOT DRUGTEST INC Drug Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$7.34M
Blend (final)
Blend
$5.46M
Owner & transaction history
Gs Chouhan LLC · 7 yrs held
Gs Chouhan LLC
since 2018
2 recorded transactions
Zoning & alternative use
M3 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+67.2%
Medical building
$6.0M
+43.0%
Auto repair, garage
$4.6M
+9.7%
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%
$3,655,000
6.5%
$3,375,000
7%
$3,135,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,200,000
Current use
RESTAURANT
$7,020,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$6,000,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,605,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,300,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$3,825,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.46M
Range $4.91M – $6.01M · ±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
$183 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$45,339
Tax year 2024
Assessed value
$3,280,935
Assessed 2024
Previous assessed
$3,280,935
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,624,749
Assessed improvement
$656,186
Applied tax rate
98.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Total area
29,860 SF
Lot
20.12 ac (876,427 SF)
Zoning code
M3
APN
458-020-68
UPID
US09-5188919
Jurisdiction
FRESNO
Zoning & alternative use
M3 · Fresno, CA
Zoning M3 · permitted uses
M3 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
RESTAURANT
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1985
Construction
WOOD
Heating
NONE
Stories
1
Lot
20.12 ac
Current owner
From public records · entity-resolved
Gs Chouhan LLC
Entity
Mailing address
5187 W CARMEN AVE, FRESNO, CA 93722-9074
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Gs Chouhan LLC
—
Deed
related
$3,500,000 · State Bank Of India California
Jul 30, 2018
$3,000,000
Gs Chouhan LLC
Shubin Fam Prop Mgmt LP
Grant Deed
$2,500,000 · Shubin Fam Prop Mgmt LP
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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