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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Retail space
2561 Ashlan Ave Fresno, CA 93726-3206
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-2505994
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
WOOD
Total area
10,826 SF
Lot
1 ac (43,358 SF)
Zoning code
CC
APN
428-251-22
UPID
US09-2505994
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 Quintero Méxican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.20M
Owner & transaction history
Tushar Chanana · 1 yrs held
Tushar Chanana
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CC · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+51.0%
Auto repair, garage
$1.7M
+46.5%
Industrial (general)
$1.5M
+33.6%
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 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,600,000
7%
$1,485,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,140,000
Current use
OFFICE BUILDING
$1,720,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,670,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,520,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Nov 8 2024)
Last sale anchor
$1.20M
Nov 8 2024
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
$111 / 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
$11,820
Tax year 2023
Assessed value
$920,000
Assessed 2023
Previous assessed
$920,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$325,000
Assessed improvement
$595,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,826 SF
Lot
1 ac (43,358 SF)
Zoning code
CC
APN
428-251-22
UPID
US09-2505994
Jurisdiction
FRESNO
Zoning & alternative use
CC · Fresno, CA
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
WOOD
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Tushar Chanana
Individual
Free & Clear · 1 yrs held
Mailing address
170 23RD AVE, SAN FRANCISCO, CA 94121-1219
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Tushar Chanana
Manisha Chanana
Deed
related
—
Nov 8, 2024
$1,200,000
Sanya Chanana
Central Valley Property Holding II
Grant Deed
$600,000 · Central Valley Property Holding II
Apr 27, 2018
—
Central Vly Prop Hldgs II LLC
Choy R G & Survivors T
Quit Claim Deed
related
—
Dec 12, 2017
—
Protection Nakano I Trust
Survivors Raymond G C
Quit Claim Deed
related
—
Oct 6, 2017
—
Raymond G C Survivors
Central Valley Prop Holdings L
Quit Claim Deed
—
Jan 31, 2017
—
Central Valley Property Holdin
Choy R G & L J Trust
Grant Deed
—
Nov 5, 2007
—
Choy Raymond G & L J Trust
Choy,raymond G & Lorraine J
Quit Claim Deed
related
—
Oct 31, 2003
$850,000
Raymond Choy
Ng,sophie H
Grant Deed
—
Dec 18, 2002
—
John Y Wong
Wong & Pickett(partnership
Quit Claim Deed
related
—
Dec 18, 2002
$850,000
Sophie H Ng
Wong Wong & Wah Partnership
Grant Deed
related
$550,000 · Cmr Mortgage Fund LLC
Feb 28, 1979
$20,500
Mah Moon|wong John Yee
—
Grant Deed
related
—
—
—
John Y Wong
—
Deed Of Trust
related
$200,000 · Premier Valley Bank
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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