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    2851 Whitson St Selma, CA 93662
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    Property profile & analytics

    2851 Whitson St, Selma, CA 93662

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    • Sports & entertainment properties
    • 30,668 SF
    • 3.24 lot acres
    Off-Market
    Property ID
    US10-3233922
    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.
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 2851 Whitson St

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    3.24 lot acres
    Zone code
    C6
    Property type
    Sports & entertainment properties
    APN
    388-230-06
    APU
    38823006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2017 — Smith Legacy LLC Smith Family Trust Quit Claim Deed · related —
    Oct 12, 2017 — Smith Legacy LLC Smith Family Trust Quit Claim Deed · related —
    Nov 16, 2016 $4,211,000 Smith Family Trust Ggd Oakdale LLC Grant Deed $2.8M · Rabobank
    Sep 19, 2016 — Ggd Oakdale LLC — Deed · related $850k · Private Individual
    Dec 9, 2014 $1,898,000 Ggd Oakdale LLC Skn Properties Grant Deed $1.4M · Skn Properties
    Jul 15, 2008 — Tlwp Investments Cords,douglas A JR & Tarah L Quit Claim Deed · related —
    Aug 17, 2007 $1,766,649 Skn Properties Skaan LLC Grant Deed —
    Apr 20, 2007 $1,700,000 Skaan LLC Thrifty Payless INC Grant Deed —
    Apr 2, 1985 $625,000 Pay Less Drug Stores Northwest INC — Grant Deed · related —
    — — Selma Plaza Co — Deed Of Trust · related $275k · Union Bank
    — — Ggd Oakdale LLC — Deed Of Trust · related $850k · Private Individual
    — — Less Drug St Pay — Deed Of Trust · related $110M · Principal Mutual Life Ins

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $815,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,075,000
      Market price range: $879k - $3.06M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $1,550,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Fresno
    State
    California
    Longitude
    -119.625
    Latitude
    36.575
    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
    $37,141
    $1,480,000
    $1,580,000
    $3,060,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,559 SF

      1045 Rose Ave

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      2,760 SF

      2110 Whitson St

      RECREATIONAL, ENTERTAINMENT
      2110 Whitson St, Selma, CA 93662-3414
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    • Value Estimation
      $1,000,000
      22,469 SF

      8265 Dinuba Ave

      RECREATIONAL, ENTERTAINMENT
      8265 Dinuba Ave, Selma, CA 93662-9411
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    • Value Estimation by Request
      18,589 SF

      2705 Cinema Way

      THEATER (MOVIE)
      2705 Cinema Way, Selma, CA 93662-2662
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      2837 Whitson St

      Retail properties & Spaces
      2837 Whitson St, Selma, CA 93662
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    • Value Estimation by Request
      20.63 Acres

      11337 Amber Ave

      Land
      11337 Amber Ave, Selma, CA 93662
      View Details

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      High-Visibility Corner Development Land

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      Dual-Home Estate with Shops

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      Almond Orchard with Irrigation Well

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    Similar Nearby for Lease

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      3,000 SF

      Restaurant Space in Retail Center

      Restaurant space with patio in Northeast Selma shopping center.
      3726-3800 Mccall Ave, Selma, CA 93662
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      Highway 99 Yard Space

      Up to 2 acres of yard space available for rent.
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      Selma Plaza Retail/Office Spaces

      Commercial retail, restaurant, and office spaces for lease.
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      3,400 SF

      Proposed Retail Development Opportunity

      Proposed fueling station, car wash, and retail space for lease.
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      1,350 SF

      Retail Space with High Visibility

      Retail space for rent with ample parking and easy access.
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    • Contact for pricing
      950 SF

      Former Medical Office Space Available

      Medical office space featuring reception, multiple rooms with sinks.
      1201-1239 Rose Ave, Selma, CA 93662
      View Details
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    Selma, CA 93662
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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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