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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Grocery and convenience stores
3131 Cedar Ave Fresno, CA 93703-1532
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-5059941
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Construction
TILT-UP CONCRETE
Total area
41,092 SF
Lot
4.84 ac (210,830 SF)
Zoning code
CC
APN
445-093-31
UPID
US09-5059941
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
-
Coinstar Bank Credit Union
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Home Theater Installation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$4.07M
Owner & transaction history
River Park Properties II · 3 yrs held
River Park Properties II
since 2023
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
CC · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+55.5%
Industrial (general)
$5.8M
+38.6%
Apartment house (5+ units)
$4.8M
+14.8%
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
$3,900,000
ML approach
$4,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,170,000
Current use
AUTO REPAIR, GARAGE
$6,480,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,780,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,785,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$4,305,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±10% · vs last sale $3.85M (Jul 11 2023)
Last sale anchor
$3.85M
Jul 11 2023
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
$99 / 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
$99,490
Tax year 2023
Assessed value
$7,795,639
Assessed 2023
Previous assessed
$7,795,639
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,290,435
Assessed improvement
$4,505,204
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
41,092 SF
Lot
4.84 ac (210,830 SF)
Zoning code
CC
APN
445-093-31
UPID
US09-5059941
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
4.84 ac
Current owner
From public records · entity-resolved
River Park Properties II
Entity
Free & Clear · 3 yrs held
Mailing address
265 E RIV PARK CIR STE #150, FRESNO, CA 93720-1576
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$3,850,000
River Park Properties II
Walmart INC
Grant Deed
—
Sep 21, 2012
—
Wal-mart R & E Business Trust
Headliner Dev Co
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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