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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
2401 Cleveland Ave Madera, CA 93637-3608
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2979605
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
WOOD
Total area
5,240 SF
Lot
0.26 ac (11,325 SF)
APN
013-140-037-000
UPID
US10-2979605
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
-
Young Kimmer DDS Dental Office
-
Dr. Rodney C. Remington, MD Ophthalmologist
-
Dr. William A. Maxwell, MD Physician
-
Lanier Andrea B MD Ophthalmologist
-
Fogg Steven G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$605k
Owner & transaction history
Fogg Properties LLC · 13 yrs held
Fogg Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$885,000
+12.2%
Industrial (general)
$815,000
+3.4%
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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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
OFFICE BUILDING
$790,000
Current use
RESTAURANT
$885,000
Change: +12% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$815,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$750,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$745,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$115 / 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
$8,620
Tax year 2024
Assessed value
$722,839
Assessed 2024
Previous assessed
$722,839
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$119,502
Assessed improvement
$603,337
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,240 SF
Lot
0.26 ac (11,325 SF)
APN
013-140-037-000
UPID
US10-2979605
Jurisdiction
MADERA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$790,000
RESTAURANT
Est. value
$885,000
INDUSTRIAL (GENERAL)
Est. value
$815,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$745,000
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Fogg Properties LLC
Entity
Mailing address
1360 E HERNDON AVE STE #401, FRESNO, CA 93720-3326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2012
—
Fogg Properties LLC
Fogg Gary & Cheryl Trust
Quit Claim Deed
—
Sep 26, 2003
—
Fogg,tr
Ptshp,steven G
Grant Deed
related
$350,000 · Wells Fargo Bank
Jun 11, 2002
$400,000
Steven G Fogg Family Ptshp
California Bank & Trust
Grant Deed
—
Jun 18, 2001
$500,000
California Bank & Trust
Cuenca,erick N
Trustees Deed
related
—
Jun 7, 1995
—
Punxsutawney Trust
Cuenca,erick N & Rona M
Grant Deed
related
—
Jul 26, 1994
—
Erick N Cuenca
—
Grant Deed
related
$600,000 · Regency Bank
Jul 13, 1994
$65,000
Erick N Cuenca
Horizon Enterpri
Grant Deed
—
—
—
Steven G Fogg Family LP
—
Deed Of Trust
related
$390,000 · County Bank
—
—
Erick N Cuenca
—
Deed Of Trust
related
$150,000 · Regency Bank
—
—
Erick N Cuenca
—
Deed Of Trust
related
$600,000 · Regency Bank
—
—
Erick N Cuenca
—
Deed Of Trust
related
$50,000 · Regency Bank
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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