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Property profile & analytics
OFF-MARKET
Estimated value
$11,960,000
Warehouses
3158 Cherry Ave Fresno, CA 93706
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-2950296
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
160,351 SF
Lot
19.29 ac (840,272 SF)
Zoning code
M3UCM
APN
329-090-01
UPID
US09-2950296
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$11.96M
Owner & transaction history
Vi Properties · 10 yrs held
Vi Properties
since 2015
7 recorded transactions
Zoning & alternative use
M3UCM · 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,040,000
Current use
Blend value · Realmo final
$11.96M
Range $10.76M – $13.16M · ±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
$75 / 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
$118,734
Tax year 2024
Assessed value
$9,997,859
Assessed 2024
Previous assessed
$9,997,859
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$579,328
Assessed improvement
$9,418,531
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
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
160,351 SF
Lot
19.29 ac (840,272 SF)
Zoning code
M3UCM
APN
329-090-01
UPID
US09-2950296
Jurisdiction
FRESNO
Zoning & alternative use
M3UCM · Fresno, CA
Zoning M3UCM · permitted uses
M3UCM · 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
WAREHOUSE, STORAGE Current
Est. value
$15.0M
WAREHOUSE, STORAGE Current
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
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
19.29 ac
Current owner
From public records · entity-resolved
Vi Properties
Entity
Mailing address
PO BOX 12024, FRESNO, CA 93776-2024
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
—
Vi Properties
—
Deed
related
$5,350,000 · Citizens Business Bank
Aug 27, 2015
—
Vi Properties
Nicholas E Briscoe
Grant Deed
$2,800,000 · Citizens Business Bank
Jan 14, 2005
—
Briscoe Noel & C Family Trust
Briscoe,noel E
Quit Claim Deed
related
—
Jan 13, 2005
—
Noel E Briscoe
Briscoe,james A & Lee A
Quit Claim Deed
related
—
Dec 30, 2004
—
Nicholas E Briscoe
Briscoe,james A & Lee A
Quit Claim Deed
related
—
Aug 18, 2003
—
James A Briscoe
—
Trustees Deed
related
$3,131,250 · Citizens Business Bank
Dec 31, 2002
—
Noel E Briscoe
Triple B Development LLC
Grant Deed
related
—
Apr 30, 2002
—
James A Briscoe
Triple B Development LLC
Grant Deed
related
—
Oct 13, 2000
$350,000
Triple B Development LLC
Investments
Grant Deed
—
Dec 21, 1984
$255,000
Trb Investments
—
Grant Deed
related
—
Jun 18, 1979
$200,000
—
—
Grant Deed
related
—
—
—
Shane J Lara
—
Deed Of Trust
related
$35,000 · Bank Of America
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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