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Property profile & analytics
FOR LEASE
Medical Office Space
2948 N Fresno St Fresno, CA 93703
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-2726942
For Lease
1 / 2
$1,750,000
2948 N Fresno St, Fresno, CA 93703
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1955
Construction
WOOD
Total area
16,954 SF
Lot
2.92 ac (127,195 SF)
Zoning code
O
APN
445-121-12
UPID
US09-2726942
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
-
Singh Satinder P DDS Dental Office
-
Downtown Dental Pocasangre D.D.S Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.75M
Owner & transaction history
Davis,craig & C Family Trust · 11 yrs held
Davis,craig & C Family Trust
since 2015
7 recorded transactions
Zoning & alternative use
O · 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
$1.75M
Range $1.58M – $1.93M · ±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
$103 / 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
$16,742
Tax year 2023
Assessed value
$1,284,573
Assessed 2023
Previous assessed
$1,284,573
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$765,280
Assessed improvement
$519,293
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Total area
16,954 SF
Lot
2.92 ac (127,195 SF)
Zoning code
O
APN
445-121-12
UPID
US09-2726942
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CA
Zoning O · permitted uses
O · 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
1955
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Davis,craig & C Family Trust
Trust
Mailing address
38 OFFSHORE, NEWPORT COAST, CA 92657-2163
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2015
—
Davis,craig & C Family Trust
Davis Craig A & Cindy D
Quit Claim Deed
related
—
Mar 25, 2004
$940,000
Craig A Davis
Toth,michael B
Grant Deed
—
Jul 24, 1996
—
Fonte Trust
Fonte,elpidio A & Virginia D
Quit Claim Deed
related
—
Oct 2, 1990
$372,000
Richard Farrell
Intercommodator,
Grant Deed
related
—
Sep 11, 1990
$372,000
Farrell,richard
Intercommodator,
Trustees Deed
related
$125,000 · Seller
Apr 19, 1989
$162,000
Intercommodator
Three,thousand F
Trustees Deed
—
—
—
Craig A Davis
—
Deed Of Trust
related
$1,300,000 · Bank Of The West
—
—
Richard Farrell
—
Deed Of Trust
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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