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Property profile & analytics
OFF-MARKET
Turn key restaurants
2848 Floral Ave Selma, CA 93662-2605
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-3052935
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
4,104 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C6
APN
358-200-34S
UPID
US09-3052935
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ralph Kazarian JR · 1 yrs held
Ralph Kazarian JR
since 2024
Last sale
$389,000
7 recorded transactions
Zoning & alternative use
C6 · Selma, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,161
Tax year 2023
Assessed value
$514,976
Assessed 2023
Previous assessed
$514,976
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$163,267
Assessed improvement
$351,709
Applied tax rate
11.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,104 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C6
APN
358-200-34S
UPID
US09-3052935
Jurisdiction
FRESNO
Zoning & alternative use
C6 · Selma, CA
Zoning C6 · permitted uses
C6 · Selma, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Ralph Kazarian JR
Individual
Free & Clear · 1 yrs held
Mailing address
2416 W SHAW AVE STE #109, FRESNO, CA 93711-3303
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Ralph Kazarian JR
Ralph Kazarian JR
Deed
related
—
May 26, 2022
$389,000
Malaga Company LLC
Marlon D Serimian
Grant Deed
—
May 26, 2022
—
Marlon D Sermian
Hannah M Serimian
Intrafamily Transfer
related
—
Jan 21, 2022
$259,500
Malaga Company LLC
Barbara L Serimian
Grant Deed
—
Jan 21, 2022
—
Ralph & Jeffri Kazarian Properties
Barbara Serimian
Re-recorded Document
related
—
Jan 21, 2022
$389,000
Malaga Company LLC
David M Serimian
Re-recorded Document
related
—
Nov 2, 2021
$259,500
Malaga Company LLC
Barbara L Serimian
Grant Deed
—
Nov 2, 2021
$389,000
Malaga Company LLC
David M Serimian
Grant Deed
—
Sep 6, 2019
—
Serimian,barbara Living Trust
Serimian,barbara L
Quit Claim Deed
related
—
Jan 12, 2017
—
Barbara L Serimian
Serimian,donald M
Affidavit Of Death
related
—
Dec 1, 2014
—
Donald M Serimian
Serimian,donald M
Quit Claim Deed
related
—
Jan 1, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 4, 1980
—
Ralph JR|serimian Donald M Kazarian
—
Grant Deed
related
—
Apr 25, 1978
—
—
—
Grant 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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