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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Retail space
2405 Chandler St A-B Selma, CA 93662-2707
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-2835467
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
27,222 SF
Lot
2.18 ac (94,960 SF)
Zoning code
M1
APN
389-080-26
UPID
US10-2835467
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
$3.11M
Blend (final)
Blend
$2.87M
Owner & transaction history
Bennett,gary Trust · 9 yrs held
Bennett,gary Trust
since 2017
7 recorded transactions
Zoning & alternative use
M1 · Selma, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.6M
+59.0%
Auto repair, garage
$4.0M
+37.8%
Apartment house (5+ units)
$3.5M
+19.4%
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 Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma 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
RETAIL STORES
$2,900,000
Current use
OFFICE BUILDING
$4,610,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,995,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,460,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,900,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±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
$105 / 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
$27,601
Tax year 2023
Assessed value
$2,262,532
Assessed 2023
Previous assessed
$2,262,532
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$88,322
Assessed improvement
$2,174,210
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
27,222 SF
Lot
2.18 ac (94,960 SF)
Zoning code
M1
APN
389-080-26
UPID
US10-2835467
Jurisdiction
FRESNO
Zoning & alternative use
M1 · Selma, CA
Zoning M1 · permitted uses
M1 · Selma, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
2.18 ac
Current owner
From public records · entity-resolved
Bennett,gary Trust
Trust
Mailing address
229 E REDWOOD ST, HANFORD, CA 93230-1291
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
—
Maxine M Bennett
—
Deed
related
$180,000 · Golden State Farm Credit Flca
Oct 13, 2017
—
Bennett,gary Bypass Trust
—
Grant Deed
related
$4,000,000 · Golden St Farm Credit Pca
Sep 28, 2017
—
Bennett Family Trust
—
Deed
related
—
Feb 1, 2017
—
Bennett,gary Trust
Bennett Family Trust
Quit Claim Deed
related
—
Apr 25, 2008
$37,400
Bennett Family Trust
Swanson,ray C & Faye E
Grant Deed
—
Oct 9, 2002
$142,500
Bennett,tr
Coles,elsie I
Grant Deed
—
Jun 19, 2002
—
Coles Trust
Coles,elsie I
Quit Claim Deed
related
—
Jun 10, 2002
—
Elsie I Coles
Bennett Family Partnership
Grant Deed
related
—
—
—
Bennett Family Trust
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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