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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Apartment buildings
241 Glenn Ave, Coalinga, CA 93210-2055
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3171782
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
25,160 SF
Lot
1.75 ac (76,230 SF)
Zoning code
R3
APN
072-210-19S
UPID
US09-3171782
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
-
Casa Nueva Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.98M
Owner & transaction history
Bay Area Properties Investments LLC · 1 yrs held
Bay Area Properties Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
R3 · Coalinga, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+89.5%
Office building
$4.3M
+64.6%
Auto repair, garage
$3.7M
+42.6%
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 Coalinga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coalinga 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
APARTMENT HOUSE (5+ UNITS)
$2,590,000
Current use
MEDICAL BUILDING
$4,910,000
Change: +89% · Conversion: Moderate
OFFICE BUILDING
$4,265,000
Change: +65% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,695,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$2,710,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,680,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$118 / 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
$36,967
Tax year 2023
Assessed value
$2,940,346
Assessed 2023
Previous assessed
$2,940,346
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$334,654
Assessed improvement
$2,605,692
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
50
Bathrooms
50
Total area
25,160 SF
Lot
1.75 ac (76,230 SF)
Zoning code
R3
APN
072-210-19S
UPID
US09-3171782
Jurisdiction
FRESNO
Zoning & alternative use
R3 · Coalinga, CA
Zoning R3 · permitted uses
R3 · Coalinga, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coalinga. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
50
Bathrooms
50
Lot
1.75 ac
Current owner
From public records · entity-resolved
Bay Area Properties Investments LLC
Entity
Mailing address
610 N SANTA ANITA AVE, ARCADIA, CA 91006-2722
Ownership since
2025
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
Jan 3, 2025
—
Bay Area Properties Investments LLC
Rene Esquivel
Grant Deed
$3,068,000 · Rflp 4 LLC
Jul 16, 2024
$4,050,000
Rene Esquivel
Pi Properties No 79 LLC
Grant Deed
$3,050,000 · Commercial Loan Servicing LLC
Jun 15, 2017
—
Pi Properties No 79 LLC
—
Deed
related
$1,700,000 · Capital One Multifamily Fin
May 17, 2017
$2,600,000
Pi Properties No 79 LLC
Chubick P & B 2006 Trust
Grant Deed
$1,690,000 · Positive Invs
Jul 28, 2016
—
Bob Smith
Chubick,barbara J
Affidavit Of Death
related
—
Feb 13, 2014
—
Chubick,barbara Tr
Chubick,paul
Affidavit Of Death
related
—
Oct 22, 2010
—
Paul Chubick
Casa Nueva
Grant Deed
$775,000 · Wells Fargo Bank NA
Jun 21, 1989
—
Nueva Casa
—
Grant Deed
related
$980,000 · Security Pacific National Bank
—
—
Pi Properties No 79 LLC
—
Deed Of Trust
related
$1,700,000 · Capital One Multifamily Fin
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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