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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Grocery and convenience stores
2885 Jensen Ave Fresno, CA 93706-5117
Individually Owned
8-yr Hold
Free & Clear
Property ID
US09-1291977
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2021
Construction
WOOD
Total area
3,360 SF
Lot
0.87 ac (37,897 SF)
Zoning code
IH
APN
479-320-18
UPID
US09-1291977
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
-
Bombay indian cuisine Restaurant
-
Chevron Gas Station
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Chevron, Johnny Quik Gas Station #207, Bombay Indian Food Gas Station
-
Rare Earth Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$645k
Owner & transaction history
Sterling Hartel Developments I · 8 yrs held
Sterling Hartel Developments I
since 2017
7 recorded transactions
Zoning & alternative use
IH · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$575,000
+620.6%
Auto repair, garage
$390,000
+388.8%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$575,000
Change: +621% · Conversion: Easy
AUTO REPAIR, GARAGE
$390,000
Change: +389% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$192 / 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
$27,916
Tax year 2023
Assessed value
$2,369,753
Assessed 2023
Previous assessed
$2,369,753
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$913,193
Assessed improvement
$1,456,560
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,360 SF
Lot
0.87 ac (37,897 SF)
Zoning code
IH
APN
479-320-18
UPID
US09-1291977
Jurisdiction
FRESNO
Zoning & alternative use
IH · Fresno, CA
Zoning IH · permitted uses
IH · 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
COMMERCIAL (GENERAL)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$390,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2021
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Sterling Hartel Developments I
Individual
Free & Clear · 8 yrs held
Mailing address
1175 SHAW AVE STE #104, CLOVIS, CA 93612-3932
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Steling Hartel Development I INC
—
Deed
related
$2,000,000 · Bank Of The Sierra
Nov 15, 2017
—
Sterling Hartel Developments I
Beal Props INC
Grant Deed
—
Oct 11, 2017
$835,000
Beal Props INC
Case Housing LLC
Grant Deed
—
Nov 19, 2015
$650,000
Case Housing LLC
Mccauley D & G Trust
Grant Deed
—
May 2, 2014
—
Mccauley,d & G Family Trust
Sorensen,jerold R
Quit Claim Deed
related
—
Feb 10, 2014
—
Mccauley,d & G Family Trust
Mccauley,dennis R & Gloria L
Quit Claim Deed
related
—
Aug 2, 1979
—
Sorensen Jerold R Rebecc|mc Cauley D R
—
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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