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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Grocery and convenience stores
2329 1st St Fresno, CA 93703-2304
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-2491658
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1954
Construction
WOOD
Total area
2,000 SF
Lot
0.45 ac (19,575 SF)
Zoning code
CC
APN
446-020-10
UPID
US10-2491658
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
-
Tacos Minerva Restaurant
-
btmmachines Bitcoin ATM Crypto Atm Atm
-
Quick Mart Grocery & Convenience Store
-
ATM Atm
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$690k
Owner & transaction history
Mohamed N Salem · 5 yrs held
Mohamed N Salem
since 2020
Last sale
$656,000
7 recorded transactions
Zoning & alternative use
CC · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$555,000
+1,067.2%
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
$785,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Change: +1,067% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $656k (Sep 14 2020)
Last sale anchor
$656k
Sep 14 2020
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
$345 / 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
$9,314
Tax year 2023
Assessed value
$723,276
Assessed 2023
Previous assessed
$723,276
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$100,918
Assessed improvement
$622,358
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,000 SF
Lot
0.45 ac (19,575 SF)
Zoning code
CC
APN
446-020-10
UPID
US10-2491658
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
COMMERCIAL (GENERAL)
Est. value
$555,000
COMMERCIAL (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
1954
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mohamed N Salem
Individual
Mailing address
2329 N 1ST ST, FRESNO, CA 93703-2304
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
$656,000
Mohamed N Salem
Maneesh Bassi
Grant Deed
$596,000 · New Omni Bk NA
Jul 2, 2008
$700,000
Maneesh Bassi
Klair,mohinder S
Grant Deed
$976,000 · Excel National Bank
Apr 28, 2008
—
Mohinder S Klair
Klair,baljinder S & Harpreet K
Quit Claim Deed
related
—
Jul 28, 2006
—
Baljinder S Klair
Klair,mohinder S
Quit Claim Deed
related
—
May 19, 2006
$850,000
Mohinder S Klair
Dhaliwal,amrit S & Jasbir K
Grant Deed
$760,000 · Excel National Bank
Nov 1, 2002
$420,000
Amrit S Dhaliwal
Shop-n-go INC
Grant Deed
$315,000 · Bank Of The Sierra
Nov 1, 2002
—
Iqvinder S Gill
Gill,jagmohan
Quit Claim Deed
related
—
Aug 14, 1995
$145,000
Shop-n-go INC
Rumbley Properties INC
Grant Deed
$135,000 · Seller
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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