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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Grocery and convenience stores
2327 Fresno St Ste 101 Fresno, CA 93703-2254
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2292339
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
WOOD
Total area
8,992 SF
Lot
0.69 ac (30,056 SF)
Zoning code
O
APN
446-043-01
UPID
US09-2292339
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$1.31M
Owner & transaction history
Lao,charlie & Lee 2013 Trust · 8 yrs held
Lao,charlie & Lee 2013 Trust
since 2017
7 recorded transactions
Zoning & alternative use
O · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+448.9%
Office building
$1.1M
+433.4%
Auto repair, garage
$1.1M
+421.5%
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
RESTAURANT
$1,175,000
Change: +449% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +433% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,115,000
Change: +421% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$900,000
Change: +320% · Conversion: Difficult
MEDICAL BUILDING
$845,000
Change: +295% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: +289% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$146 / 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
$22,538
Tax year 2023
Assessed value
$1,766,574
Assessed 2023
Previous assessed
$1,766,574
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$267,722
Assessed improvement
$1,498,852
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,992 SF
Lot
0.69 ac (30,056 SF)
Zoning code
O
APN
446-043-01
UPID
US09-2292339
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CA
Zoning O · permitted uses
O · 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
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$900,000
MEDICAL BUILDING
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Lao,charlie & Lee 2013 Trust
Trust
Mailing address
2327 N FRESNO ST STE #107, FRESNO, CA 93703-2254
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
—
Lao,charlie & Lee 2013 Trust
Lao,charlie & Lee W
Quit Claim Deed
related
—
Feb 3, 2017
—
L C Property Management INC
Charlie Lao
Grant Deed
$664,272 · Valley Business Bank
Feb 18, 2004
$1,300,000
Charlie Lao
Sethi,tr
Grant Deed
$1,070,000 · Sethi Trust
Aug 27, 2003
$375,000
Sethi,tr
Sethi,mohan L & Sushila
Quit Claim Deed
related
—
Feb 16, 1999
—
Sethi Trust
Sethi,j P & Renu
Quit Claim Deed
related
—
Sep 16, 1992
$690,000
Sethi J P
Memley Building
Grant Deed
—
—
—
Charlie Lao
—
Deed Of Trust
related
$50,000 · Robert V Jensen INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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