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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Community centers
2414 Marks Ave Fresno, CA 93722-5216
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-3110794
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
WOOD
Total area
18,000 SF
Lot
1.65 ac (71,874 SF)
Zoning code
CG
APN
442-081-23
UPID
US10-3110794
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
-
Watermill Express Big Box & Wholesale Store
-
GULF GAS STATION AND LIQUOR STORE Gas Station
-
Evergreen Food Store Grocery & Convenience Store
-
VALERO Gas Station
-
ATM (Evergreen Food Stores) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$585k
Owner & transaction history
El Phoenix Group LLC · 5 yrs held
El Phoenix Group LLC
since 2020
7 recorded transactions
Zoning & alternative use
CG · Fresno, 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 Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Current use
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$33 / 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
$38,540
Tax year 2023
Assessed value
$3,017,160
Assessed 2023
Previous assessed
$3,017,160
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$728,280
Assessed improvement
$2,288,880
Applied tax rate
5.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
18,000 SF
Lot
1.65 ac (71,874 SF)
Zoning code
CG
APN
442-081-23
UPID
US10-3110794
Jurisdiction
FRESNO
Zoning & alternative use
CG · Fresno, CA
Zoning CG · permitted uses
CG · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
El Phoenix Group LLC
Entity
Mailing address
1483 W SHAW AVE, FRESNO, CA 93711-3608
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
—
El Phoenix Group LLC
—
Deed
related
$260,000 · Fahmi Alsumeri
Dec 29, 2020
—
El Phoenix Group LLC
Gurdeep Singh
Grant Deed
—
Sep 21, 2020
$2,900,000
Gurdeep Singh
Thomas Aquinas Connelly
Grant Deed
$1,900,000 · Mid Valley Services INC
May 18, 2016
—
Connelly Trust
Connelly Trust
Quit Claim Deed
related
$1,250,000 · Miscellaneous Ins Co
Jun 6, 2006
$2,500,000
Connelly Rev Trust
Seecon V Partners
Grant Deed
$1,400,000 · Standard Insurance Co
May 17, 1991
$950,000
Seecon V Partner
Fech INC
Trustees Deed
—
Jul 31, 1990
—
Blue Riser Partn
Blue,glen E
Quit Claim Deed
related
$750,000 · United Security Bank
—
—
Seecon V Partners
—
Deed Of Trust
related
$1,000,000 · Stancorp Mortgage Investors
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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