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Property profile & analytics
OFF-MARKET
Turn key restaurants
2920 Nees Ave Fresno, CA 93720-6008
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0262629
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
WOOD
Total area
7,808 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CC
APN
403-770-22S
UPID
US09-0262629
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
-
Wassabi On Fire Restaurant
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
Sung B|kim Julia B Choi · 11 yrs held
Sung B|kim Julia B Choi
since 2015
7 recorded transactions
Zoning & alternative use
CC · 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
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
$22,502
Tax year 2023
Assessed value
$1,848,281
Assessed 2023
Previous assessed
$1,848,281
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$404,308
Assessed improvement
$1,443,973
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,808 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CC
APN
403-770-22S
UPID
US09-0262629
Jurisdiction
FRESNO
Zoning & alternative use
CC · Fresno, CA
Zoning CC · permitted uses
CC · 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
2008
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Sung B|kim Julia B Choi
Individual
Mailing address
2920 E NEES AVE, FRESNO, CA 93720-6008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2015
—
Sung B Choi
—
Trustees Deed
related
$1,483,700 · Bank Of The West
Jan 27, 2015
$1,600,000
Sung B|kim Julia B Choi
En Passant Investments LLC
Grant Deed
$1,040,000 · Bank Of The West
Nov 26, 2013
$1,301,020
En Passant Investments LLC
Wt Capital Lender Services
Trustees Deed
related
—
Aug 22, 2007
—
Dennis M Ball
Ball,phyllis C
Quit Claim Deed
related
$1,001,050 · Placer Sierra Bank
Apr 6, 2007
—
Wilson David R Trust
—
Deed Of Trust
related
$8,050,000 · Rabobank
Aug 10, 2006
$631,500
Phyllis C Ball
Wilson,david R Trust
Grant Deed
$315,500 · California Bank & Trust
Dec 1, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
En Passant Investments LLC
—
Deed Of Trust
related
$400,000 · Howe Family Trust (pt)
—
—
En Passant Investments LLC
—
Deed Of Trust
related
$450,000 · Susan Peters
—
—
Dennis M Ball
—
Deed Of Trust
related
$722,000 · Cen Cal Business Finance Group
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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