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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Flex space
2445 Gearhart Ave Fresno, CA 93725-1300
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-0568987
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
TILT-UP CONCRETE
Total area
35,000 SF
Lot
3.45 ac (150,282 SF)
Zoning code
IH
APN
480-020-74
UPID
US09-0568987
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
-
Fairbanks Morse Pump Corporation Auto Repair Shop
-
Amber Foods Big Box & Wholesale Store Food Market
-
First Quality Produce Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Kahaian Ents LLC · 9 yrs held
Kahaian Ents LLC
since 2017
7 recorded transactions
Zoning & alternative use
IH · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,285,000
6.5%
$3,955,000
7%
$3,675,000
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$112 / 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
$19,358
Tax year 2024
Assessed value
$1,479,171
Assessed 2024
Previous assessed
$1,479,171
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$512,020
Assessed improvement
$967,151
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
35,000 SF
Lot
3.45 ac (150,282 SF)
Zoning code
IH
APN
480-020-74
UPID
US09-0568987
Jurisdiction
FRESNO
Zoning & alternative use
IH · Fresno, CA
Zoning IH · permitted uses
IH · 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.
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Kahaian Ents LLC
Entity
Mailing address
PO BOX 2307, FRESNO, CA 93745-2307
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
Sep 9, 2024
—
Kahaian Enterprises LLC
—
Deed
related
$10,000 · Tri Counties Bank
Dec 5, 2019
—
Kahalan Ents LLC
—
Deed
related
$815,000 · Bank Of The Sierra
Feb 17, 2017
$1,300,000
Kahaian Ents LLC
Kahaian,michael K & Rita
Grant Deed
—
May 14, 2014
$1,300,000
Michael K Kahalian
Gotelli Family Trust
Grant Deed
$876,800 · Tri Counties Bank
May 22, 2000
—
Gotelli Trust
Gotelli,katherine
Quit Claim Deed
related
—
May 16, 2000
—
Katherine Gotelli
Lubisich Trust
Grant Deed
related
—
Feb 28, 1994
$1,390,000
Lubisich Trust
Spencer,richard
Grant Deed
—
—
—
Michael K Kahaian
—
Deed Of Trust
related
$723,000 · Bay Area Employment Dev
—
—
Kahalan Ents LLC
—
Deed Of Trust
related
$815,000 · Bank Of The Sierra
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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