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Property profile & analytics
FOR LEASE
Warehouses
2904 S Angus Ave Fresno, CA 93725
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3278044
For Lease
$7 SF/Yr
2904 S Angus Ave, Fresno, CA 93725
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
TILT-UP CONCRETE
Total area
201,600 SF
Lot
10.21 ac (444,747 SF)
Zoning code
IH
APN
328-032-41S
UPID
US09-3278044
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
-
Caronut Big Box & Wholesale Store Food Market
-
Baker Distributing Company Hardware & Home Improvement Home Appliance Store
-
Precision Steel General Contractor
-
Sony DADC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.35M
Blend (final)
Blend
$12.36M
Owner & transaction history
Ap Fresno Industrial LLC · 24 yrs held
Ap Fresno Industrial LLC
since 2002
6 recorded transactions
Zoning & alternative use
IH · Fresno, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.36M
Range $11.12M – $13.60M · ±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
$61 / 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
$106,030
Tax year 2024
Assessed value
$8,990,025
Assessed 2024
Previous assessed
$8,990,025
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$651,746
Assessed improvement
$8,338,279
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
201,600 SF
Lot
10.21 ac (444,747 SF)
Zoning code
IH
APN
328-032-41S
UPID
US09-3278044
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.
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
10.21 ac
Current owner
From public records · entity-resolved
Ap Fresno Industrial LLC
Entity
Mailing address
12447 LEWIS ST STE #203, GARDEN GROVE, CA 92840-6601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
—
Entities Listed On Schedule 1
—
Grant Deed
related
$137,580,000 · Citi R/e Fndg INC
Jan 16, 2002
—
Ap Fresno Industrial LLC
Ap Victoria LLC
Deed Of Trust
related
$6,200,000 · First Union National Bank
Nov 21, 2001
—
Timothy F O'brien
Obrien,phyllis
Quit Claim Deed
related
—
Nov 19, 2001
—
Exchange Intermediary INC
Oates Trust
Grant Deed
related
—
Nov 15, 2001
—
Mark T O'brien
Oates & O Brien
Grant Deed
related
—
—
—
Ap-fresno Industrial LLC
—
Deed Of Trust
related
$309,000,000 · Private Individual
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?”
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