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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Apartment buildings
2602 Fresno St Fresno, CA 93703-1856
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-0593085
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
8,248 SF
Lot
0.34 ac (14,850 SF)
Zoning code
RM1
APN
445-203-18
UPID
US09-0593085
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
-
Reformations Healing Center Crisis Center Medical Clinic
-
Fresno California 93703 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.29M
Owner & transaction history
Pham Properties LLC · 8 yrs held
Pham Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+101.9%
Medical building
$1.7M
+72.6%
Auto repair, garage
$1.3M
+35.4%
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 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%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$960,000
Current use
RESTAURANT
$1,940,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$1,660,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,300,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,160,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$835,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±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
$156 / 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
$14,737
Tax year 2023
Assessed value
$1,137,426
Assessed 2023
Previous assessed
$1,137,426
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$82,022
Assessed improvement
$1,055,404
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
20
Bathrooms
20
Total area
8,248 SF
Lot
0.34 ac (14,850 SF)
Zoning code
RM1
APN
445-203-18
UPID
US09-0593085
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CA
Zoning RM1 · permitted uses
RM1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$960,000
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$865,000
RETAIL STORES
Est. value
$835,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
20
Bathrooms
20
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pham Properties LLC
Entity
Mailing address
2721 MARSH DR, SAN RAMON, CA 94583-2048
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Pham Properties LLC
—
Deed
related
$1,000,000 · Wells Fargo Bank NA
Aug 30, 2017
$1,040,000
Pham Properties LLC
Palmtrow Properties LLC
Grant Deed
$780,000 · Wells Fargo Bank NA
Jul 11, 2017
—
Leonard Loscutoff
—
Trustees Deed
related
$149,850 · Palmtrow Properties LLC
Jun 8, 2007
—
Palmtrow Properties LLC
Palmer,john C
Quit Claim Deed
$320,000 · Lowe R K Trust
May 2, 2005
—
Leonard Loscutoff
Loscutoff,leonard
Quit Claim Deed
related
—
Nov 8, 2004
—
John Palmer
Palmer,john
Quit Claim Deed
related
—
Jun 7, 2004
—
Leonard Loscutoff
Loscutoff,leonard
Quit Claim Deed
related
—
May 27, 2004
—
Palmtrow Properties LLC
Palmer,john
Quit Claim Deed
related
—
Jun 7, 2002
$555,000
John Palmer
Universal Investments & Proper
Grant Deed
$412,500 · Southern Pacific Bank
Sep 18, 2000
$33,000
Investments Universal
Beckley Trust
Grant Deed
related
—
Dec 15, 1995
—
Beckley Trust
Beckley,william N & Sandra
Quit Claim Deed
related
—
Jul 14, 1977
$235,000
Beckley,william N & Sandra Trust
—
Grant Deed
related
—
—
—
Beckley Trust
—
Deed Of Trust
related
$350,000 · Clovis Community 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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