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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Motels
3142 Highland Ave Selma, CA 93662-2607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3056250
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
WOOD
Total area
17,624 SF
Lot
1 ac (43,560 SF)
Zoning code
C3
APN
358-200-44S
UPID
US10-3056250
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Shreeji Hari LLC · 3 yrs held
Shreeji Hari LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C3 · Selma, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+31.3%
Medical building
$3.4M
+20.2%
Office building
$3.0M
+4.4%
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 Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma 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
$3,080,000
ML approach
$2,970,000
CAP Approach
CAP Return
Estimation
6%
$2,820,000
6.5%
$2,605,000
7%
$2,415,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,860,000
Current use
RESTAURANT
$3,755,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$3,440,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$2,985,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,590,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $3.00M (Nov 4 2022)
Last sale anchor
$3.00M
Nov 4 2022
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
$171 / 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
$39,746
Tax year 2023
Assessed value
$3,007,370
Assessed 2023
Previous assessed
$3,007,370
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$500,000
Assessed improvement
$2,507,370
Applied tax rate
11.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Stories
2
Units
41
Total area
17,624 SF
Lot
1 ac (43,560 SF)
Zoning code
C3
APN
358-200-44S
UPID
US10-3056250
Jurisdiction
FRESNO
Zoning & alternative use
C3 · Selma, CA
Zoning C3 · permitted uses
C3 · Selma, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Construction
WOOD
Heating
NONE
Stories
2
Units
41
Lot
1 ac
Current owner
From public records · entity-resolved
Shreeji Hari LLC
Entity
Mailing address
3142 HIGHLAND AVE, SELMA, CA 93662-2607
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Shreeji Hari LLC
—
Deed
related
$2,350,000 · Us Metro Bank
Nov 4, 2022
$3,000,000
Shreeji Hari LLC
Ramesh B Panchal
Grant Deed
$2,400,000 · Celtic Bank Corporation
Mar 19, 2007
—
Mistry Family Trust
Mistry,thakorial C & Yaminiben T
Quit Claim Deed
related
—
Mar 19, 2007
$1,800,000
Ramesh B Panchal
Mistry Family Trust
Grant Deed
$1,147,014 · Mistry Family Trust
Jan 9, 1997
$1,350,000
Meyer Motels Ltd
Teachers Retirement System Of
Quit Claim Deed
related
—
Aug 19, 1988
$1,350,000
Retirement System Teachers
Unknown
Grant Deed
—
—
—
Rameshbhai B Panchal
—
Deed Of Trust
related
$1,234,000 · State Bank Of India
—
—
Thakorial C Mistry
—
Deed Of Trust
related
$1,181,195 · Money Store Commercial Mtg
—
—
Ramesh B Panchal
—
Deed Of Trust
related
$1,199,287 · United Security Bank
—
—
Ramesh B Panchal
—
Deed Of Trust
related
$1,100,000 · United Security Bank
—
—
Ramesh B Panchal
—
Deed Of Trust
related
$145,000 · United Security Bank
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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