Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$29,610,000
Manufacturing properties
2624 Edgar Ave Fresno, CA 93706
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1262027
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
238,160 SF
Lot
18.77 ac (817,621 SF)
Zoning code
IH
APN
328-032-46S
UPID
US09-1262027
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
$26.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.61M
Owner & transaction history
Stag Ca Holdings LP · 4 yrs held
Stag Ca Holdings LP
since 2022
Last sale
$30.0M
7 recorded transactions
Zoning & alternative use
IH · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IH district is intended to accommodate the broadest range of industrial uses on sites identified in the General Plan. It includes manufacturing, assembly, wholesaling, distribution, and storage activities that are essential to the development of a balanced economic base. Small-scale commercial services and ancillary office uses are also permitted.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,925.30 ac
Source
Realmo
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
$31,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,165,000
6.5%
$26,920,000
7%
$25,000,000
Blend value · Realmo final
$29.61M
Range $26.65M – $32.57M · ±10% · vs last sale $30.04M (Jul 26 2022)
Last sale anchor
$30.04M
Jul 26 2022
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
$124 / 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
$359,515
Tax year 2024
Assessed value
$30,640,800
Assessed 2024
Previous assessed
$30,640,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,182,000
Assessed improvement
$26,458,800
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
238,160 SF
Lot
18.77 ac (817,621 SF)
Zoning code
IH
APN
328-032-46S
UPID
US09-1262027
Jurisdiction
FRESNO
Zoning & alternative use
IH · Fresno, CAZoning IH · permitted uses
IH · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IH district is intended to accommodate the broadest range of industrial uses on sites identified in the General Plan. It includes manufacturing, assembly, wholesaling, distribution, and storage activities that are essential to the development of a balanced economic base. Small-scale commercial services and ancillary office uses are also permitted.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,925.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
18.77 ac
Current owner
From public records · entity-resolved
Stag Ca Holdings LP
Entity
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
$30,040,000
Stag Ca Holdings LP
Montsant Properties INC
Grant Deed
—
Apr 29, 2021
—
Montsant Properties INC
Excentrico LP
Grant Deed
—
Oct 14, 2020
—
Excentrico LP
—
Deed
related
$4,000,000 · Comerica Bank
Oct 5, 2018
—
Excentrico LP
—
Deed
related
$3,996,000 · Cen Cal Busn Fin
Sep 26, 2018
$105,000
Excentrico LP
Chul Kim Chong
Grant Deed
$7,800,000 · Comerica Bank
Apr 4, 2005
$5,000,000
Chong C Kim
Fresno Builders LLC
Grant Deed
—
Apr 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Fresno Builders LLC
—
Deed Of Trust
related
$4,000,000 · Ameritas Life Insurance Corp
—
—
Excentrico LP
—
Deed Of Trust
related
$3,996,000 · Cen Cal Busn Fin
—
—
Excentrico LP
—
Deed Of Trust
related
$7,800,000 · Comerica Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2624 Edgar Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
