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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Flex space
2350 Academy Ave Sanger, CA 93657-9559
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0604871
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
31,060 SF
Lot
2.26 ac (98,445 SF)
Zoning code
MH
APN
332-042-75
UPID
US09-0604871
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
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.29M
Owner & transaction history
Grays Kitchen LLC · 3 yrs held
Grays Kitchen LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
MH · Sanger, 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 Sanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanger 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
$2,295,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,310,000
Current use
WAREHOUSE, STORAGE
$2,870,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10% · vs last sale $2.28M (Apr 25 2023)
Last sale anchor
$2.28M
Apr 25 2023
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
$74 / 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
$28,274
Tax year 2024
Assessed value
$2,322,540
Assessed 2024
Previous assessed
$2,322,540
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$510,000
Assessed improvement
$1,812,540
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
65
Total area
31,060 SF
Lot
2.26 ac (98,445 SF)
Zoning code
MH
APN
332-042-75
UPID
US09-0604871
Jurisdiction
FRESNO
Zoning & alternative use
MH · Sanger, CA
Zoning MH · permitted uses
MH · Sanger, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanger. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
65
Lot
2.26 ac
Current owner
From public records · entity-resolved
Grays Kitchen LLC
Entity
Mailing address
7090 N MARKS AVE STE #104, FRESNO, CA 93711-0270
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 13, 2023
—
Grays Kitchen LLC
—
Deed
related
$900,000 · Mid Valley Services INC
Jul 6, 2023
—
Grays Kitchen LLC
—
Deed
related
$500,000 · Mid Valley Services INC
Apr 25, 2023
$2,277,500
Grays Kitchen LLC
Cargill Meat Solutions Corporation
Grant Deed
—
Mar 6, 2014
$1,800,000
Cargill Meat Solutions Corp
Becker Gary D Trust
Warranty Deed
—
Oct 31, 2007
—
Becker Gary D Trust
Becker,gary
Quit Claim Deed
related
$1,875,000 · California Bank & Trust
Nov 30, 2004
—
Gary Becker
—
Trustees Deed
related
$1,810,800 · Temecula Valley Bank NA
Nov 12, 2004
$56,500
Gary Becker
Redevelopment Agcy Of City/sanger
Grant Deed
$126,783 · Redevelopment Agency
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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