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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2788 Bullard Ave Fresno, CA 93711-2211

    • Office buildings
    • 5,976 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Aug 07, 2020
    $820,000
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    7.3%
    Office buildings
    Location Intelligence
    Property ID
    US09-0247601
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ALTOUR Online / Travel Agency
    • Social Vocational Services / Adult Day Care Center

    Property Details for 2788 Bullard Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.60 lot acres
    Property size
    5,976 SF
    Zone code
    O
    Property type
    Office buildings
    APN
    406-194-12
    APU
    40619412

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,290,000
      ML approach
      $1,090,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,575,000
      6.5%
      $1,450,000
      7%
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,070,000
      Market price range: $607k - $1.74M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,185,000
      Current use
      COMMERCIAL (GENERAL)
      $2,075,000
      Change: +75% Conversion: Easy
      RESTAURANT
      $1,405,000
      Change: +19% Conversion: Moderate
      MEDICAL BUILDING
      $1,200,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.844
    Latitude
    36.8231
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,975
    $270,504
    $582,624
    $853,128
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $985,000
      17,464 SF

      590 Alluvial Ave

      OFFICE BUILDING • 17,464 SF
      590 Alluvial Ave, Fresno, CA 93711-5859
      View Details
    • Value Estimation
      $445,000
      7,230 SF

      7511 Palm Blfs Ave

      OFFICE BUILDING • 7,230 SF
      7511 Palm Blfs Ave, Fresno, CA 93711-5774
      View Details
    • Value Estimation
      $1,005,000
      53,033 SF

      3875 Beechwood Ave

      OFFICE BUILDING • 53,033 SF
      3875 Beechwood Ave, Fresno, CA 93711-0794
      View Details
    • Value Estimation
      $775,000
      9,670 SF

      7511 Remington Ave

      OFFICE BUILDING • 9,670 SF
      7511 Remington Ave, Fresno, CA 93711-5757
      View Details
    • Value Estimation
      $635,000
      15,487 SF

      1500 Shaw Ave

      OFFICE BUILDING • 15,487 SF
      1500 Shaw Ave, Fresno, CA 93711-3501
      View Details
    • Value Estimation
      $675,000
      13,020 SF

      7020 Marks Ave Ste, Unit 101

      OFFICE BUILDING • 13,020 SF
      7020 Marks Ave Ste, Fresno, CA 93711-0289
      View Details

    Similar Nearby for Sale

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      10,298 SF

      Corner Lot Office/Flex Building

      Office/flex building on a prime corner lot with high visibility.
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      Fresno Office Building For Sale

      Office building with 11,989 square feet of space available.
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    • $3,354,000
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      Fresno Office Building - $3.3M

      15,974 SF Office, Excellent Location
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    • $826,000
      4,818 SF

      Fresno Office Space For Sale

      Office space with Herndon Avenue frontage in Northwest Fresno.
      3585 W Beechwood Ave, Fresno, CA 93711
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    • $2,017,000

      Prime Land Parcel For Sale

      Improved land parcel in high-traffic Fresno location.
      2072 W Shaw Ave, Fresno, CA 93711
      View Details

    Similar Nearby for Lease

    • $10,350,000
      32,344 SF

      Fresno Office Building in Park

      32,344 SF office building in Palm Bluffs Corporate Park.
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      View Details
    • Contact for pricing
      97,387 SF

      Office Building with Data Center

      29,613 SF office building with data center features.
      1385 E Shaw Ave, Fresno, CA 93711
      View Details
    • $3,354,000
      15,974 SF

      Freestanding Office Building For Rent

      Single-story office building with secured parking and excellent exposure.
      2580 W Shaw Ln, Fresno, CA 93711
      View Details
    • $2 SF/Yr
      10,565 SF

      Class A Single Story Building

      Single story office building with ample parking and security.
      7795 N Palm Ave, Fresno, CA 93711
      View Details
    • $1,540 /Mo
      700 SF

      Office Space Near Fig Garden

      Office space for rent with free reserved covered parking.
      1100 W Shaw Ave, Fresno, CA 93711
      View Details
    • $1.75 SF/Yr
      4,400 SF

      Fresno Office Space Available

      4,400 SF office space for rent in Fresno, CA.
      1690 W Shaw Ave, Fresno, CA 93711
      View Details
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    2788 Bullard Ave
    Fresno, CA 93711-2211
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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