Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2375 Floral Ave Selma, CA 93662-2720
    Back to Search
    Property profile & analytics

    2375 Floral Ave, Selma, CA 93662-2720

    View on Map
    • Apartment buildings
    • 46,000 SF
    • 3.42 lot acres
    Off-Market
    Property ID
    US09-2840010
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,235,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2375 Floral Ave

    Year built
    1974
    Construction
    WOOD
    Lot size
    3.42 lot acres
    Zone code
    R-3
    Property type
    Apartment buildings
    APN
    389-040-30
    APU
    38904030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 1996 $1,474,500 Floral Gardens Aparments Floral Gardens Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,866,000
      Market price range: $3.65M - $8.24M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,850,000
      Current use
      AUTO REPAIR, GARAGE
      $6,755,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $4,900,000
      Change: -16% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,900,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Fresno
    State
    California
    Longitude
    -119.617
    Latitude
    36.5757
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,194
    $469,627
    $2,217,575
    $2,687,202
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,730 SF

      7486 Nebraska Ave

      Multifamily properties
      7486 Nebraska Ave, Selma, CA 93662
      View Details
    • Value Estimation
      $3,090,000
      30,547 SF

      2026 Barbara St

      APARTMENT HOUSE (5+ UNITS)
      2026 Barbara St, Selma, CA 93662-2452
      View Details
    • Value Estimation
      $3,335,000
      33,827 SF

      2543 Nelson Blvd

      APARTMENT HOUSE (5+ UNITS)
      2543 Nelson Blvd, Selma, CA 93662-4205
      View Details
    • Value Estimation by Request
      5,202 SF

      2955 Frnt St

      APARTMENT HOUSE (5+ UNITS)
      2955 Frnt St, Selma, CA 93662-2641
      View Details
    • Value Estimation
      $525,000
      4,224 SF

      2850 Mccall Ave, Unit A

      APARTMENT HOUSE (5+ UNITS)
      2850 Mccall Ave, Selma, CA 93662-2854
      View Details
    • Value Estimation
      $5,800,000
      48,660 SF

      1250 Rorden Ave

      APARTMENT HOUSE (5+ UNITS)
      1250 Rorden Ave, Selma, CA 93662-3800
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land in Selma, CA

      Commercial land with highway frontage in Selma, California.
      12737 S Van Horn Ave, Selma, CA 93662
      View Details
    • Contact for pricing

      Selma Commercial Land For Sale

      Commercial land with highway frontage in Selma, California.
      Hwy 99, Selma, CA 93662
      View Details
    • Contact for pricing

      Selma Land Investment Opportunity

      Raw land parcel in high-growth Selma, California.
      8938 Rose Ave, Selma, CA 93662
      View Details
    • Contact for pricing

      Dual-Home Estate with Shops

      Rare estate featuring two homes, shops, pool, and acreage.
      16240 S Fowler Ave, Selma, CA 93662
      View Details
    • Contact for pricing

      Selma Farm with Plums, Grapes

      Farm in Selma, CA with plums, grapes, residences, and shops.
      11227 S Academy Ave, Selma, CA 93662
      View Details
    • Contact for pricing
      17,780 SF

      High-Visibility Corner Retail Opportunity

      Retail property with high visibility and strong corridor presence.
      2640 Floral Ave, Selma, CA 93662
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Restaurant Space in Retail Center

      Restaurant space with patio in Northeast Selma shopping center.
      3726-3800 Mccall Ave, Selma, CA 93662
      View Details
    • Contact for pricing

      Highway 99 Yard Space

      Up to 2 acres of yard space available for rent.
      1775 Park St, Selma, CA 93662
      View Details
    • Contact for pricing

      Selma Plaza Retail/Office Spaces

      Commercial retail, restaurant, and office spaces for lease.
      2837 Whitson St, Selma, CA 93662
      View Details
    • Contact for pricing
      3,400 SF

      Proposed Retail Development Opportunity

      Proposed fueling station, car wash, and retail space for lease.
      9912 Mccall Ave, Selma, CA 93662
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space with High Visibility

      Retail space for rent with ample parking and easy access.
      2920 Mccall Ave, Selma, CA 93662
      View Details
    • Contact for pricing
      950 SF

      Former Medical Office Space Available

      Medical office space featuring reception, multiple rooms with sinks.
      1201-1239 Rose Ave, Selma, CA 93662
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2375 Floral Ave
    Selma, CA 93662-2720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2375 Floral Ave, Selma, CA, 93662
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!