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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Apartment buildings
2513 Tahoe Ave Caruthers, CA 93609-9475
Entity Owned
~
Est. High Equity
Property ID
US10-2939475
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
34,921 SF
Lot
3.07 ac (133,729 SF)
Zoning code
R2A
APN
043-280-01
UPID
US10-2939475
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
$3.73M
Blend (final)
Blend
$3.39M
Owner & transaction history
Skyrun LLC
Skyrun LLC
since 2025
7 recorded transactions
Zoning & alternative use
R2A · Caruthers, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.1M
+15.4%
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 Caruthers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Caruthers 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)
$4,440,000
Current use
AUTO REPAIR, GARAGE
$5,125,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$3,760,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,720,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±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
$97 / 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
$27,363
Tax year 2023
Assessed value
$2,459,885
Assessed 2023
Previous assessed
$2,459,885
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$589,128
Assessed improvement
$1,870,757
Applied tax rate
70.0000
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
1984
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
42
Bathrooms
47
Total area
34,921 SF
Lot
3.07 ac (133,729 SF)
Zoning code
R2A
APN
043-280-01
UPID
US10-2939475
Jurisdiction
FRESNO
Zoning & alternative use
R2A · Caruthers, CA
Zoning R2A · permitted uses
R2A · Caruthers, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Caruthers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
42
Bathrooms
47
Lot
3.07 ac
Current owner
From public records · entity-resolved
Skyrun LLC
Entity
Mailing address
470 E HERNDON AVE STE #101, FRESNO, CA 93720-2929
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$3,430,000
Skyrun LLC
Case Housing LLC
Grant Deed
$2,022,000 · Mission Bank
Sep 28, 2023
—
Case Housing LLC
—
Deed
related
$2,000,000 · Citizens Business Bank
Aug 3, 2018
—
Case Housing LLC
—
Deed
related
$500,000 · Wells Fargo Bank NA
Sep 13, 2013
$2,075,000
Case Housing LLC
Susan E Michelena
Grant Deed
$1,556,250 · Wells Fargo Bank NA
Jun 28, 2013
—
Michelena,susan E Tr
Manly,mary R
Affidavit Of Death
related
—
Apr 25, 2013
—
Michelena,susan E Tr
Manly,mary R
Affidavit Of Death
related
—
Aug 5, 2005
$3,196,500
Loeffler,donald A Trust
Western American Dev INC
Grant Deed
$2,237,500 · Luther Burbank Savings & Loan
Dec 1, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
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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